STOCK RETURNS IMPACT OF ECONOMIC VALUE ADDED AND MARKET VALUE ADDED

This study aims to determine the impact of Economic Value Added and Market Value Added on Stock Returns. This study used a purposive sampling technique and obtained a sample of 15 companies in the property and real estate sector which are listed on the Indonesia Stock Exchange for the 2016-2019 period. The analysis technique used in this research is multiple linear regression. Based on the results of the F test, it was found that Economic Value Added and Market Value Added on stock returns did not have a significant effect on stock returns, as evidenced by Fcount (2.197) < Ftable (3.24) with a significance of 0.125> 0.05, while the t test results stated that Economic Value Added did not significant effect on stock returns, this is evident from the value of tcount 1.995 < 2.023 t table with a significance level of 0.053 ≥ α = 0.05, the results of MVA have no significant effect on stock returns, it is proven that the value of tcount 0.735 < 2.023 t table with a significance level of 0.46 > α = 0.05.