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

In: Proceedings of the International Conference on Economic Management, Accounting and Tourism (ICEMAT 2023)

Author

Listed:
  • 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)

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..

Suggested Citation

  • Febyanti ELisabet Babu & Petrus Emanuel de Rozari & Wehelmina M. Ndoen & Ria Elsani Intanku Nafie, 2024. "The Analysis of Financial Performance Using Economic Value-Added and Market value Added Methods Before and During the Covid-19 Pandemic," Advances in Economics, Business and Management Research, in: Rolland Fanggidae & Paulina Amtiran & Petrus de Rozari & Doppy Roy Nendissa & I Komang Arthana & Tom (ed.), Proceedings of the International Conference on Economic Management, Accounting and Tourism (ICEMAT 2023), pages 207-225, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-411-2_18
    DOI: 10.2991/978-94-6463-411-2_18
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