ANALISA HUBUNGAN STRUKTUR MODAL DENGAN ECONOMIC VALUE ADDED ( EVA ) GUNA MENILAI KINERJA PERBANKAN ( Studi Kasus Saham Lima Bank Terbesar Berdasarkan Aset dan Modal di BEJ tahun 2003 – 2004 )

Economic Value Added (EVA) is a new approach to asses the performance of relatively new companies by focusing objectively on the shareholder’s expectation. The implementation of the EVA concept in companies would assist them in evaluating their performance of whether the capital obtained fr...

Full description

Saved in:

Bibliographic Details
Main Author:	Anshari, Baddarruzaman
Format:	Thesis
Language:	English English
Published:	2005
Subjects:	HG Finance
Online Access:	https://eprints.ums.ac.id/7976/
Tags:	Add Tag No Tags, Be the first to tag this record!

_version_	1804116521236037632
author	Anshari, Baddarruzaman
author_facet	Anshari, Baddarruzaman
author_sort	Anshari, Baddarruzaman
collection	ePrints
description	Economic Value Added (EVA) is a new approach to asses the performance of relatively new companies by focusing objectively on the shareholder’s expectation. The implementation of the EVA concept in companies would assist them in evaluating their performance of whether the capital obtained from payables or stocks has their added value or not. A return of new investment can be said good only if the gain is bigger than its capital. EVA has its superiority in appraising a firm performance in an added value by taking account of its capital. A study result shows that a change of loan proportion has nothing to do with a change of EVA appraisal and neither does a change of asset. It means that a loan proportion will not decrease the value of EVA bank’s, because EVA bank’s depends on a capital source, cost, income just before interest and taxes, as well as other factors. And also, there isn’t any influence between a change of share proportion and a change of EVA value. It would be much better if a decision making consider EVA value while allocating an asset or capital. EVA explicitly takes account of capital cost over a share and admits that the risk of capital cost over a share is bigger than over a loan. Management must be careful to prevent a capital addition from decreasing EVA value. Management must take the structure of capital, working average cost of capital, and source of capital in appraising EVA value.
format	Thesis
id	oai:eprints.ums.ac.id:7976
institution	Universitas Muhammadiyah Surakarta
language	English English
publishDate	2005
record_format	eprints
spelling	oai:eprints.ums.ac.id:7976 https://eprints.ums.ac.id/7976/ ANALISA HUBUNGAN STRUKTUR MODAL DENGAN ECONOMIC VALUE ADDED ( EVA ) GUNA MENILAI KINERJA PERBANKAN ( Studi Kasus Saham Lima Bank Terbesar Berdasarkan Aset dan Modal di BEJ tahun 2003 – 2004 ) Anshari, Baddarruzaman HG Finance Economic Value Added (EVA) is a new approach to asses the performance of relatively new companies by focusing objectively on the shareholder’s expectation. The implementation of the EVA concept in companies would assist them in evaluating their performance of whether the capital obtained from payables or stocks has their added value or not. A return of new investment can be said good only if the gain is bigger than its capital. EVA has its superiority in appraising a firm performance in an added value by taking account of its capital. A study result shows that a change of loan proportion has nothing to do with a change of EVA appraisal and neither does a change of asset. It means that a loan proportion will not decrease the value of EVA bank’s, because EVA bank’s depends on a capital source, cost, income just before interest and taxes, as well as other factors. And also, there isn’t any influence between a change of share proportion and a change of EVA value. It would be much better if a decision making consider EVA value while allocating an asset or capital. EVA explicitly takes account of capital cost over a share and admits that the risk of capital cost over a share is bigger than over a loan. Management must be careful to prevent a capital addition from decreasing EVA value. Management must take the structure of capital, working average cost of capital, and source of capital in appraising EVA value. 2005 Thesis NonPeerReviewed application/pdf en https://eprints.ums.ac.id/7976/1/BAB_I.pdf application/pdf en https://eprints.ums.ac.id/7976/2/P100030002_Baddarruzaman_A.pdf Anshari, Baddarruzaman (2005) ANALISA HUBUNGAN STRUKTUR MODAL DENGAN ECONOMIC VALUE ADDED ( EVA ) GUNA MENILAI KINERJA PERBANKAN ( Studi Kasus Saham Lima Bank Terbesar Berdasarkan Aset dan Modal di BEJ tahun 2003 – 2004 ). Thesis thesis, Universitas Muhammadiyah Surakarta. P100030002
spellingShingle	HG Finance Anshari, Baddarruzaman ANALISA HUBUNGAN STRUKTUR MODAL DENGAN ECONOMIC VALUE ADDED ( EVA ) GUNA MENILAI KINERJA PERBANKAN ( Studi Kasus Saham Lima Bank Terbesar Berdasarkan Aset dan Modal di BEJ tahun 2003 – 2004 )
title	ANALISA HUBUNGAN STRUKTUR MODAL DENGAN ECONOMIC VALUE ADDED ( EVA ) GUNA MENILAI KINERJA PERBANKAN ( Studi Kasus Saham Lima Bank Terbesar Berdasarkan Aset dan Modal di BEJ tahun 2003 – 2004 )
title_full	ANALISA HUBUNGAN STRUKTUR MODAL DENGAN ECONOMIC VALUE ADDED ( EVA ) GUNA MENILAI KINERJA PERBANKAN ( Studi Kasus Saham Lima Bank Terbesar Berdasarkan Aset dan Modal di BEJ tahun 2003 – 2004 )
title_fullStr	ANALISA HUBUNGAN STRUKTUR MODAL DENGAN ECONOMIC VALUE ADDED ( EVA ) GUNA MENILAI KINERJA PERBANKAN ( Studi Kasus Saham Lima Bank Terbesar Berdasarkan Aset dan Modal di BEJ tahun 2003 – 2004 )
title_full_unstemmed	ANALISA HUBUNGAN STRUKTUR MODAL DENGAN ECONOMIC VALUE ADDED ( EVA ) GUNA MENILAI KINERJA PERBANKAN ( Studi Kasus Saham Lima Bank Terbesar Berdasarkan Aset dan Modal di BEJ tahun 2003 – 2004 )
title_short	ANALISA HUBUNGAN STRUKTUR MODAL DENGAN ECONOMIC VALUE ADDED ( EVA ) GUNA MENILAI KINERJA PERBANKAN ( Studi Kasus Saham Lima Bank Terbesar Berdasarkan Aset dan Modal di BEJ tahun 2003 – 2004 )
title_sort	analisa hubungan struktur modal dengan economic value added eva guna menilai kinerja perbankan studi kasus saham lima bank terbesar berdasarkan aset dan modal di bej tahun 2003 2004
topic	HG Finance
url	https://eprints.ums.ac.id/7976/
work_keys_str_mv	AT ansharibaddarruzaman analisahubunganstrukturmodaldenganeconomicvalueaddedevagunamenilaikinerjaperbankanstudikasussahamlimabankterbesarberdasarkanasetdanmodaldibejtahun20032004

ANALISA HUBUNGAN STRUKTUR MODAL DENGAN ECONOMIC VALUE ADDED ( EVA ) GUNA MENILAI KINERJA PERBANKAN ( Studi Kasus Saham Lima Bank Terbesar Berdasarkan Aset dan Modal di BEJ tahun 2003 – 2004 )

Similar Items