STOCK RETURN OF MANUFACTURING COMPANIES IN INDONESIA:INFLUENCE BUSINESS STRATEGY, EVA, MANAGERIALOWNERSHIP AND SIZE

Authors

  • Priyo Susilo Universitas Muhammadiyah Tangerang, Indonesia
  • Abdurrosyid Monash University Melbourne, Australia
  • Dirvi Surya Abbas Universitas Muhammadiyah Tangerang, Indonesia
  • Sasa S. Suratman Universitas Pasundan, Indonesia

DOI:

https://doi.org/10.23969/jrak.v15i1.7106

Keywords:

Stock Return, Business Strategy, Economic Value Added, Managerial Ownership, Size

Abstract

The purpose of this study is to determine the effect of business strategy, economic value added (EVA), managerial ownership and size on stock profitability in manufacturing companies in the basic industrial and chemical sectors listed on the Indonesia Stock Exchange. The population of this study includes manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the period 2016-2020. The sampling method uses a targeted sampling method. The type of data used in this study is secondary data using panel regression data analysis method. The results showed that business strategy and management ownership had a positive impact on stock returns. however, EVA and size do not affect stock returns.

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Published

2023-04-03