ANALYSIS OF COV-19 IMPACT ON FINANCIAL PERFORMANCE AT PT. INDONESIAN PEOPLE'S BANK (PERSERO) TBK AND PT. BANK CENTRAL ASIA, TBK FOR 2016-2020 USING ECONOMIC VALUE ADDED (EVA) AND MARKET VALUE ADDED (MVA) METHODS

Authors

  • Waseso Segoro Gunadarma University, Indonesia
  • Ria Agustina Gunadarma University, Indonesia

DOI:

https://doi.org/10.31933/dijemss.v2i6.998

Keywords:

Corporate Financial Performance, Economic Value Added (EVA) and Market Value Added (MVA)

Abstract

COVID-19 has a negative impact on economic activity, one of which affects the financial performance of banks. Where the net profit of each bank decreased and the bank had to restructure credit to its debtors. The purpose of this study was to determine the impact of CoV-19 on the financial performance of PT. Bank Rakyat Indonesia (Persero), Tbk, and PT. Bank Central Asia, Tbk using Economic Value Added (EVA) and Market Value Added (MVA) methods. In this study, the type of data used was secondary data. The analytical method used is descriptive method of data collected and then compiled and analyzed. The results showed that the EVA value at PT. Bank Rakyat Indonesia (Persero), Tbk experienced fluctuations, although EVA is not stable, this company still produces an EVA value > 0 or positive value., and for MVA it increased in 2016-2019 but in 2020 it decreased, even so the MVA value> 0 or positive. While at PT. Bank Central Asia, Tbk EVA value has increased every year so that the value of EVA> 0, and for the value of MVA has increased every year with the resulting value of MVA> 0.

References

Share Price of PT. Bank Rakyat Indonesia (Persero), Tbk".https://www.idnfinancials.com/id/bbri/pt-bank-rakyat-indonesia-persero-tbk.
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Earnings Per Share PT. Bank Rakyat Indonesia (Persero), Tbk“. http://lembarsaham.com/fundamental-saham/fundamental/BBRI.
Earnings Per Share PT. Bank Central Asia, Tbk".https://lembarsaham.com/fundamental-saham/fundamental/BBCA.
Financial Report of PT . Bank Rakyat Indonesia (Persero), Tbk”.https://www.idx.co.id/enterprise-tercatat/laporan-keuangan-dan-tahunan/.
Financial Statements of PT. Bank Central Asia, Tbk".https://www.idx.co.id/enterprise-tercatat/financial-dan-annual reports/.
Retnowati,Estu.2010. Company Financial Performance Analysis Using Economic Value Added (EVA) Case Study PT. Bank Mandiri (Persero) TbkAnd PT. Bank Rakyat Indonesia (Persero) Tbk.

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Published

2021-09-30

How to Cite

Segoro, W., & Agustina, R. (2021). ANALYSIS OF COV-19 IMPACT ON FINANCIAL PERFORMANCE AT PT. INDONESIAN PEOPLE’S BANK (PERSERO) TBK AND PT. BANK CENTRAL ASIA, TBK FOR 2016-2020 USING ECONOMIC VALUE ADDED (EVA) AND MARKET VALUE ADDED (MVA) METHODS. Dinasti International Journal of Education Management And Social Science, 2(6), 1096–1101. https://doi.org/10.31933/dijemss.v2i6.998

Issue

Vol. 2 No. 6 (2021): Dinasti International Journal of Education Management and Social Science (August - September 2021)

Section

Articles

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