Analisis Determinasi Financial Performance Perusahaan Industri Manufaktur Makanan Dan Minuman Yang Go Public Suatu Pendekatan Metode Economic Value Added (EVA)

Azhar Affandi

Abstract


The aim of this study is to obtain empirical evidence concerning the effect of Financial Performance Determinant (Capital Structure and Profit Margin) on effectively Economic Value Added (EVA) method at the food and beverage manufacture business sectors. The results of this study is expected to contribute for the development of financial management and strategic management.

The study was carried out at the food and beverage manufacture business sectors registered in Bursa Efek Indonesia (BEI). The characteristic of this study is confirmatory research. The research method used is associative and explanatory, and to hypothesis testing of the research has used multiple regression. Sampling method is used purposive sampling with total sample are 15 corporate registered in Bursa Efek Indonesia during 2006-2007 period. While for data processing is used SPSS 14.0 for windows programs.

The result of this study is: The first hypothesis testing founded theres the significant effect of capital structure on effectively Economic Value Added (EVA). The second hypothesis testing founded theres the significant effect of profit margin on effectively Economic Value Added (EVA). So, in the EVA predicting can used capital structure and profit margin indicators, because capital structure and profit margin both have a significant effect on effectively Economic Value Added (EVA).

Keywords: economic value added; capital structure; profit margin; financial performance


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References


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