EFFECT OF AVA, MVA, CFVA ON STOCK PRICE PT. WIJAYA KARYA (PERSERO) YEAR 2006-2020
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Abstract
Total management performance is assessed based on the increase in the welfare of
multiple stakeholders (investors, customers, and employees) – and especially the
achievement of SVA (Shareholders Value Added), to create wealth for investors or
business owners. This study aims to determine the stock price of PT. Wijaya Karya
(Persero) Tbk. which is influenced by EVA, MVA and CFVA the method used is a
research based on statistical analysis techniques using regression and correlation and
testing the hypothesis based on a time series approach, the results of this study are
Based on the results of the calculations in table above, it can be concluded that the
value of the Adjusted R-Squared is 0.784382 or 78.44%, meaning that the independent
variables (Economic Value Added and Free Cash Flow) can explain the dependent
variable (Stock Price) of 78.44% and then 21.56 % is explained by other variables
outside of this study
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