Analysis of Economic Value Added and Market Value Added to Measure Financial Performance in Pulp and Paper Companies
Purpose: The purpose of this study was to determine the company's financial performance in the pulp and paper industry which was measured using the concept of Economic Value Added (EVA) and Market Value Added (MVA) during the period 2017 and 2018. Design/methodology/approach: Research da...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
LPPM of Narotama University Surabaya
2019-09-01
|
| Series: | IJEBD (International Journal of Entrepreneurship and Business Development) |
| Online Access: | https://jurnal.narotama.ac.id/index.php/ijebd/article/view/952 |
| _version_ | 1828090410661052416 |
|---|---|
| author | Wahab Edi Saputra Agus Sukoco Joko Suyono Damasari Ratnasahara Elisabeth |
| author_facet | Wahab Edi Saputra Agus Sukoco Joko Suyono Damasari Ratnasahara Elisabeth |
| author_sort | Wahab Edi Saputra |
| collection | DOAJ |
| description |
Purpose: The purpose of this study was to determine the company's financial performance in the pulp and paper industry which was measured using the concept of Economic Value Added (EVA) and Market Value Added (MVA) during the period 2017 and 2018.
Design/methodology/approach: Research data is obtained through related websites and literature review.
Findings: The results of the measurement of EVA and MVA for the period 2017 and 2018 show only PT.Alkindo Naratama, Tbk. which adds to the economic value of the company and market value added (> 0).
Research limitations/implications: The population in this study consisted of all pulp and paper companies that had go public and be listed on the Indonesia Stock Exchange (IDX), which is as many as nine companies, then do the purposive sampling selection which obtained a sample of four companies.
Practical implications: While three companies, namely PT. Kedawung Setia Industrial, Tbk. PT.Suparma, Tbk. and PT. Kertas Basuki Rachmat, Tbk. experience instability in EVA and MVA.
Originality/value:
|
| first_indexed | 2024-04-11T05:57:02Z |
| format | Article |
| id | doaj.art-f091184c5ef241aab8f4f4a0be5c732a |
| institution | Directory Open Access Journal |
| issn | 2597-4750 2597-4785 |
| language | English |
| last_indexed | 2024-04-11T05:57:02Z |
| publishDate | 2019-09-01 |
| publisher | LPPM of Narotama University Surabaya |
| record_format | Article |
| series | IJEBD (International Journal of Entrepreneurship and Business Development) |
| spelling | doaj.art-f091184c5ef241aab8f4f4a0be5c732a2022-12-22T04:41:52ZengLPPM of Narotama University SurabayaIJEBD (International Journal of Entrepreneurship and Business Development)2597-47502597-47852019-09-013110.29138/ijebd.v3i1.952952Analysis of Economic Value Added and Market Value Added to Measure Financial Performance in Pulp and Paper CompaniesWahab Edi Saputra0Agus Sukoco1Joko Suyono2Damasari Ratnasahara Elisabeth3Departement of Management, Faculty Economics and Business, Narotama UniversityEconomics and Business Faculty Management and Marketing Study Program Narotama University SurabayaNarotama UniversitySekolah Tinggi Ilmu Ekonomi Mahardika,Departement Of Management3,Surabaya,Indonesia Purpose: The purpose of this study was to determine the company's financial performance in the pulp and paper industry which was measured using the concept of Economic Value Added (EVA) and Market Value Added (MVA) during the period 2017 and 2018. Design/methodology/approach: Research data is obtained through related websites and literature review. Findings: The results of the measurement of EVA and MVA for the period 2017 and 2018 show only PT.Alkindo Naratama, Tbk. which adds to the economic value of the company and market value added (> 0). Research limitations/implications: The population in this study consisted of all pulp and paper companies that had go public and be listed on the Indonesia Stock Exchange (IDX), which is as many as nine companies, then do the purposive sampling selection which obtained a sample of four companies. Practical implications: While three companies, namely PT. Kedawung Setia Industrial, Tbk. PT.Suparma, Tbk. and PT. Kertas Basuki Rachmat, Tbk. experience instability in EVA and MVA. Originality/value: https://jurnal.narotama.ac.id/index.php/ijebd/article/view/952 |
| spellingShingle | Wahab Edi Saputra Agus Sukoco Joko Suyono Damasari Ratnasahara Elisabeth Analysis of Economic Value Added and Market Value Added to Measure Financial Performance in Pulp and Paper Companies IJEBD (International Journal of Entrepreneurship and Business Development) |
| title | Analysis of Economic Value Added and Market Value Added to Measure Financial Performance in Pulp and Paper Companies |
| title_full | Analysis of Economic Value Added and Market Value Added to Measure Financial Performance in Pulp and Paper Companies |
| title_fullStr | Analysis of Economic Value Added and Market Value Added to Measure Financial Performance in Pulp and Paper Companies |
| title_full_unstemmed | Analysis of Economic Value Added and Market Value Added to Measure Financial Performance in Pulp and Paper Companies |
| title_short | Analysis of Economic Value Added and Market Value Added to Measure Financial Performance in Pulp and Paper Companies |
| title_sort | analysis of economic value added and market value added to measure financial performance in pulp and paper companies |
| url | https://jurnal.narotama.ac.id/index.php/ijebd/article/view/952 |
| work_keys_str_mv | AT wahabedisaputra analysisofeconomicvalueaddedandmarketvalueaddedtomeasurefinancialperformanceinpulpandpapercompanies AT agussukoco analysisofeconomicvalueaddedandmarketvalueaddedtomeasurefinancialperformanceinpulpandpapercompanies AT jokosuyono analysisofeconomicvalueaddedandmarketvalueaddedtomeasurefinancialperformanceinpulpandpapercompanies AT damasariratnasaharaelisabeth analysisofeconomicvalueaddedandmarketvalueaddedtomeasurefinancialperformanceinpulpandpapercompanies |