Published: 2024-10-01

Perbandingan EVA, MVA dan FVA Perusahaan Sub Sektor Farmasi yang Terdaftar di BEI Pada Saat dan Sesudah Pandemi Covid 19

DOI: 10.35870/emt.v8i4.2216

Tutut Handayani, Iis Anisa Yulia, Dewi Fitrianti
  • Tutut Handayani: Universitas Nusa Bangsa ROR
  • Iis Anisa Yulia: Universitas Nusa Bangsa ROR
  • Dewi Fitrianti: Universitas Nusa Bangsa ROR
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Abstract

This research investigates the financial performance of pharmaceutical sub-sector companies listed on the Indonesia Stock Exchange (IDX) during and after the COVID-19 pandemic by analyzing Economic Value Added (EVA), Market Value Added (MVA), and Financial Value Added (FVA). The study aims to determine the impact of the pandemic on these companies' ability to create value for their shareholders and improve financial performance. A sample of 11 pharmaceutical companies was selected using purposive sampling, focusing on firms that have consistently reported financial data before, during, and after the pandemic. The Wilcoxon Signed Ranks Test was employed to assess the significance of differences in performance metrics over the two periods. Results show that there is no significant difference in the financial performance during and after the pandemic when measured using the EVA and FVA methods, indicating resilience in the intrinsic value creation capabilities of these companies. However, a notable difference was found in the MVA, reflecting changes in market perceptions and investor confidence. These findings suggest that while intrinsic financial metrics remained stable, external market factors significantly influenced company valuations.

Keywords

Financial Performance; COVID-19 Pandemic; Economic Value Added (EVA); Market Value Added (MVA); Financial Value Added (FVA)

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How to Cite

Handayani, T., Yulia, I. A., & Fitrianti, D. (2024). Perbandingan EVA, MVA dan FVA Perusahaan Sub Sektor Farmasi yang Terdaftar di BEI Pada Saat dan Sesudah Pandemi Covid 19. Jurnal EMT KITA, 8(4), 1243-1254. https://doi.org/10.35870/emt.v8i4.2216
Article Information

This article has been peer-reviewed and published in the Jurnal EMT KITA. The content is available under the terms of the Creative Commons Attribution 4.0 International License.

  • Issue: Vol. 8 No. 4 (2024)

  • Section: Articles

  • Published: 2024-10-01

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Author Biographies
Tutut Handayani, Universitas Nusa Bangsa
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Program Studi Manajemen, Fakultas Ekonomi dan Bisnis, Universitas Nusa Bangsa, Kota Bogor, Provinsi Jawa Barat, Indonesia

Iis Anisa Yulia, Universitas Nusa Bangsa
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Program Studi Manajemen, Fakultas Ekonomi dan Bisnis, Universitas Nusa Bangsa, Kota Bogor, Provinsi Jawa Barat, Indonesia

Dewi Fitrianti, Universitas Nusa Bangsa
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Program Studi Manajemen, Fakultas Ekonomi dan Bisnis, Universitas Nusa Bangsa, Kota Bogor, Provinsi Jawa Barat, Indonesia

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