ANALISIS KINERJA KEUANGAN PERUSAHAAN DENGAN METODE ECONOMIC VALUE ADDED (EVA) (STUDI KASUS PERUSAHAAN OTOMOTIF GO PUBLIK) [JURNAL]
Global economics crisis causes the fall of world stock. This is causes weakens it share
in BEI, including sector otomotif. BEI has some stock indexes as movement indicator of
stock price, one of them is index Kompas 100. This Index represents of about 70-80
percent market capitalization value total of share in BEI. However, that can be
different with other index, so that be necessary to measure of each corporate
performance with using Economic Value Added (EVA) method. EVA is used to
measure of corporate performance based of the value. value added will be create, if
the retained earning more than cost of capital. From two company analized during the
2007 to 2008 period, there is only one of corporate have a performance increase at
2008, that is PT Multistrada Arah Sarana Tbk, this is mean the corporate has been
investor expectation filled. Differ from PT Multistrada, PT Gajah Tunggal at 2008 have
a performance decrease. At 2007 it have positive value of EVA, but at 2008 value of
EVA get down to negative. This is happen cause of dead loss in consequence of global
economics crisis. For the companies that give the negative value, it better find out
more strategies so it can make their profit rise and also to push the capital cost with
choosing the lowest capital structure. Beside that, the companies also should erase the
activities that can caused the value of the company becoming less.
Keyword: Index kompas-100, Otomotif, Economic Value Added (EVA), Financial
performance.
LINK DOWNLOAD : PDF
0 komentar:
Post a Comment