The Analysis of Financial Performance Using Economic Value-Added and Market value Added Methods Before and During the Covid-19 Pandemic

Febyanti ELisabet Babu (), Petrus Emanuel de Rozari, Wehelmina M. Ndoen and Ria Elsani Intanku Nafie
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Febyanti ELisabet Babu: Universitas Nusa Cendana Kupang, Management Study Program, Faculty of Economics and Business
Petrus Emanuel de Rozari: Universitas Nusa Cendana Kupang, Management Study Program, Faculty of Economics and Business
Wehelmina M. Ndoen: Universitas Nusa Cendana Kupang, Management Study Program, Faculty of Economics and Business
Ria Elsani Intanku Nafie: Universitas Nusa Cendana Kupang, Management Study Program, Faculty of Economics and Business

A chapter in Proceedings of the International Conference on Economic Management, Accounting and Tourism (ICEMAT 2023), 2024, pp 207-225 from Springer

Abstract: Abstract The purpose of this study is to assess the financial performance of PT Mustika Ratu, Tbk, which was listed on the Indonesia Stock Exchange before and during the Covid-19 pandemic, using the Economic Value Added (EVA) and Market Value Added (MVA) methods. The data source used in this study is secondary data in the form of financial statements from 2017 to 2021. Based on the results of research using the EVA and MVA methods, it is known that PT Mustika Ratu, Tbk before and during the COvid-19 pandemic procedure positive EVA and MVA values or (EVA > 0) and (MVA > 0) during the five-year research period. Positive EVA and MVA values mean that company managers can create for the company and wealth for shareholders. This study concludes that PT Mustika Ratu, Tbk has good financial performance..

Keywords: Financial Performance; EVA; MVA; Covid-19 pandemic (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-411-2_18

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DOI: 10.2991/978-94-6463-411-2_18

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