Abstract
This study aims to analyze financial performance using Economic Value Added (EVA) and Market Value Added (MVA) approaches of state owned Banks (BUMN) listed on Indonesia Stock Exchange. The research methodology used qualitative descriptive research. The objects of this study are the state owned Banks (BUMN) listed on Indonesia Stock Exchange 2016-2018. The data collection techniques used are secondary data and panel data. The analysis techniques used are by calculating Economic Value Added (EVA) and Market Value Added (MVA). The results of this study indicate that the financial performance of the state owned Banks (BUMN) listed on Indonesia Stock Exchange 2016-2018 in terms of Economic Value Added (EVA) has good financial performance because the Economic Value Added value always more than zero (EVA> 0). In terms of Market Value Added (MVA), in 2016 Bank BNI had negative MVA value (MVA <0) then in 2017 and 2018.BNI Bank had positive MVA value (MVA> 0). BRI and Mandiri Bank had positive MVA value (MVA> 0) in 2016-2018. BTN Bank in 2016-2018 had negative MVA (MVA <0).
Highlights
Research BackgroundThe current economic conditions, companies must be able to manage activities effectively based on the objectives to be achieved
This study aims to analyze financial performance using Economic Value Added (EVA) and Market Value Added (MVA) approaches of state owned Banks (BUMN) listed on Indonesia Stock Exchange
The results of this study indicate that the financial performance of the state owned Banks (BUMN) listed on Indonesia Stock Exchange 2016-2018 in terms of Economic Value Added (EVA) has good financial performance because the Economic Value Added value always more than zero (EVA> 0)
Summary
The current economic conditions, companies must be able to manage activities effectively based on the objectives to be achieved. The main objective of a company is to maximize profit by increasing demand and minimizing company costs or expenses. The purpose of go public companies which their shares are traded on the stock market is to maximize the value of shares because the value of existing shares is a reflection of the wealth of shareholders or investors. For companies whose ownership is owned by the public, the value of the company is associated with the shares outstanding in the market. According to Hery (2016: 2) financial statements are the result of the accounting process that can be used as a tool to communicate financial data or company activities to interested parties. Performance measurement is the result or level of success of a Available Online: https://dinastipub.org/DIJMS person as a whole during a certain period in carrying out tasks compared to various possibilities, such as work standards, targets or targets or performance that have been determined in advance and have been agreed upon. (Mulyadi, 2011: 337)
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
