Penerapan konsep EVA, MVA, dan CVA untuk mengukur kinerja keuangan bank BUMN yang listed di bursa efek Indonesia

Fita, Laili Rohmadhotul (2014) Penerapan konsep EVA, MVA, dan CVA untuk mengukur kinerja keuangan bank BUMN yang listed di bursa efek Indonesia. Undergraduate thesis, Universitas Islam Negeri Maulana Malik Ibrahim.

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Abstract

INDONESIA:

Kinerja keuangan merupakan alat pengukur tingkat keberhasilan manajemen dalam mengelola sumberdaya keuangan yang dimiliki perusahaan. Penggunaan pendekatan Economic Value Added (EVA) dalam penelitian ini didasarkan bahwa pendekatan ini mampu mengukur kinerja perusahaan dan mampu menggambarkan efisiensi perusahaan periode tertentu. Pendekatan Market Value Added (MVA) menggambarkan seberapa besar kekayaan yang dapat diciptakan oleh perusahaan kepada investor dan perusahaan. Sedangkan Cash Value Added (CVA) adalah ukuran kinerja perusahaan yang terlihat berapa banyak uang perusahaan yang dihasilkan melalui operasi. Tujuan dalam penelitian ini adalah untuk mengetahui apakah kinerja Bank BUMN mempunyai nilai baik apabila diukur menggunakan metode EVA, MVA, dan CVA, dan untuk mengetahui perbedaan kinerja keuangan Bank BUMN apabila diukur menggunakan metode EVA, MVA, dan CVA.

Penelitian ini menggunakan metode kuantitatif dengan menggunakan penerapan Economic Value Added (EVA), Market Value Added (MVA), dan Cash Value Added (CVA) untuk mengukur kinerja keuangan Bank BUMN. Jenis data Penelitian ini menggunakan data sekunder yaitu berupa laporan keuangan Bank BUMN. Obyek penelitian yang dianalisis dalam penelitian ini adalah seluruh Bank BUMN yang Listed di Bursa Efek Indonesia.

Dari hasil penelitian menunjukkan bahwa kinerja Keuangan Bank BUMN yang Listed di Bursa Efek Indonesia yang terdiri dari PT. Bank Mandiri. Tbk, PT. Bank BRI. Tbk, PT. Bank BNI. Tbk, dan PT. Bank BTN. Tbk diukur dengan konsep EVA mempunyai nilai EVA yang positif, ini menunjukkan bahwa manajemen perusahaan mampu menghasilkan nilai tambah ekonomis bagi pemegang saham dan investor. Selanjutnya kinerja keuangan Bank BUMN yang diukur dengan konsep MVA mempunyai nilai positif dan ini menunjukkan bahwa kinerja keuangan perusahaan dilaksanakan secara efektif dan efisien karena mampu menambah kekayaan bagi pemegang saham. Dan kinerja keuangan Bank BUMN yang diukur dengan konsep CVA mengalami peningkatan dan penurunaan secara fluktuatif, ini menunjukkan bahwa perusahaan belum mampu untuk menghasilkan nilai kas yang diperoleh oleh perusahaan.

ENGLISH:

Financial Performance is the instrument used to measure the management achievement level in managing the company’s financial resource. The implementation of Economic Value Added (EVA) approach in this research is based on the point that this approach can measure the company’s financial performance and depict the company’s efficiency in certain periods. The Market Value Added (MVA) depicts the possible amount of wealth which can be gained by the company and its investors. Nevertheless, Cash Value Added (CVA) is the measurement of the company’s noticeable performance that is the company’s wealth produced through the operation. This research aims to know whether or not the State-Owned Banks can have a good performance if they are measured using EVA, MVA, and CVA method. It also aims to discover any difference of State-Owned Banks financial performance when it is measured using EVA, MVA, and CVA methods.

This research employs a qualitative method using Economic Value Added (EVA) and Cash Value Added (CVA) to measure the State-Owned Banks financial performance. The data used are secondary data in form of State-Owned Banks financial report. The research objects are all State-Owned Banks listed in Indonesia Stock Exchange.

The research results point out that State-Owned Banks listed in Indonesia Stock Exchange, consisting PT. Bank Mandiri. Tbk, PT. Bank BRI. Tbk, PT. Bank BNI. Tbk, and PT. Bank BTN. Tbk which are measured using EVA concept, produce a positive EVA value. It indicates that the company management can produce an economic value added for the stockholders and investors. Further, the financial performance of State-Owned Banks measured using MVA concept produces a positive value. It indicates that the company financial performance is performed effectively and efficiently since it can increase the stockholders’ wealth. The financial performance of State-Owned Banks measured using CVA concept, meanwhile, experiences fluctuated increase and decrease. It indicates the incapability to produce cash value which is gained by the company.

Item Type: Thesis (Undergraduate)
Supervisor: Sulhan, Muhammad
Keywords: Economic Value Added (EVA); Market Value Added (MVA); dan Cash Value Added (CVA)
Subjects: 15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1502 Banking, Finance and Investment > 150203 Financial Institutions (incl. Banking)
Departement: Fakultas Ekonomi > Jurusan Manajemen
Location: 150203
Depositing User: Ratih Novitasari
Date Deposited: 08 Sep 2015 03:45
Last Modified: 08 Sep 2015 03:45
URI: http://etheses.uin-malang.ac.id/id/eprint/1668

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