ANALISIS PENGARUH ROA, EVA, MVA, DAN RESIKO PASAR TERHADAP RETURN SAHAM PERUSAHAAN OTOMOTIF YANG LISTING DI BURSA EFEK INDONESIA

Abstract

The object of research is an Automotive company recently experienced developments in technology and increasing market share is high and competition is a remarkable manufacturer intense. Research objective is to determine the effect of ROA, EVA, MVA and Market Risk significantly, partially and simultaneously to stock return and to determine the factors that most strongly influence the stock return. This study uses data documentary that is data company financial statements Automotive in Indonesia Stock Exchange on years of research from 2006 to 2010. The test results with the basic assumptions and deviations classical assumption indicates that all data is received. Based on the results of this study concluded that ROA, EVA, MVA and RP together does not affect the dependent variable RETURN, but when viewed individually ROA only independent variable that significantly influences. EVA Variables not significant effect on stock returns. Thus the first hypothesis (H1) is rejected, the second hypothesis (H2) is rejected and the third hypothesis (H3) in this study also expressed not accepted