PENGARUH PENGGUNAAN ECONOMIC VALUE ADDED DAN MARKET VALUE ADDED TERHADAP TINGKAT RETUN SAHAM PADA PERUSAHAAN KONSTRUKSI DI BURSA EFEK INDONESIA

The purpose of this study was to analyze whether EVA (Economic Value Added) and MVA (Market Value Added) partially or simultaneously have an influence on the level of stock returns construction companies in Indonesia Stock Exchange. The population in this study is a company engaged in the field of construction listed in the Indonesia Stock Exchange yamg listing from 2008 until 2012. Companies listed on the Stock Exchange of construction by 27 companies. Of the population is then selected 10 construction companies that met the study criteria. Based on the results of research conducted to determine whether the EVA (Economic Value Added) and MVA (Market Value Added) simultaneously have an influence on stock returns construction company listed on the Stock Exchange can be concluded that these variables have a significant effect. It is proved that the return of the artifacts in the construction company BEI simultaneously represented by calculating ratios of EVA (Economic Value Added) and MVA (Market Value Added). Partial results of statistical tests for each variable that is EVA (Economic Value Added) and MVA (Market Value Added) only variables EVA (Economic Value Added) which has significant perngaruh retun stock company listed on the Stock Exchange of construction, while MVA (Market Value Added) have no effect on stock returns partial construction company listed on the Stock Exchange. That is, changes in stock retun construction company listed on the Stock Exchange influenced by other factors that are not included in the study. Keywords: Economic Value Added, Market Value Added, Return Stock.