Indonesian Journal of Public Policy Review
Vol 15 (2021): July
Monetary and Fiscal Policy

The Effect of Economic Value Added, Market Value Added, Operating Leverage and Dividend Policy on Stock Returns in Coal Subsector Mining Companies Listed on the Indonesia Stock Exchange for the 2014-2019 Period
Pengaruh Economic Value Added, Market Value Added, Operating Leverage dan Kebijakan Dividen Terhadap Return Saham Pada Perusahaan Pertambangan Subsektor Batu Bara Yang Terdaftar di Bursa Efek Indonesia Periode 2014-2019


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  • Riska Devi Lestari,
  • Sriyono Sriyono
Riska Devi Lestari
Universitas Muhammadiyah Sidoarjo, Indonesia
Sriyono Sriyono
Universitas Muhammadiyah Sidoarjo, Indonesia
Picture in here are illustration from public domain image or provided by the author, as part of their works
DOI: https://doi.org/10.21070/ijppr.v15i0.1145
Published July 31, 2021
Keywords
  • Economic Value Added,
  • Market Value Added,
  • Operating Leverage,
  • Kebijakan Dividen,
  • Return Saham
How to Cite
Lestari, R. D., & Sriyono, S. (2021). The Effect of Economic Value Added, Market Value Added, Operating Leverage and Dividend Policy on Stock Returns in Coal Subsector Mining Companies Listed on the Indonesia Stock Exchange for the 2014-2019 Period. Indonesian Journal of Public Policy Review, 15, 10.21070/ijppr.v15i0.1145. https://doi.org/10.21070/ijppr.v15i0.1145

Copyright (c) 2021 Riska Devi Lestari, Sriyono Sriyono

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Abstract

This study was conducted to analyze the effect of Economic Value Added (EVA), Market Value Added (MVA), Operating Leverage and Dividend Policy on Stock Returns in Coal Subsector Mining Companies Listed on the Indonesia Stock Exchange for the 2014-2019 Period. The data collection technique used is using the purposive sampling technique and the number of samples used is 11 companies. The variables used in this research are Economic Value Added (EVA), Market Value Added (MVA), Operating Leverage and Dividend Policy as independent variables and stock return as dependent variable. The analytical method used is multiple linear regression analysis. The results of this study indicate that Economic Value Added (EVA) has a significant positive effect on stock returns, Market Value Added (MVA) has a significant negative effect on stock returns, Operating Leverage has no significant positive effect on stock returns and Dividend Policy has a significantly positive effect on stock returns.

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