This study to get empirical evidence that the EVA, MVA, Residual Income,
Earnings and operating cash flow affect the return earned by shareholders, either
partially or simultaneously. The sampling method used was purposive sampling, with
the criteria of the company that is always inclouded in the LQ-45 index listed in the
Indonesia Stock Exchange (BEI) during the observation period of 2011-2014.
Companies used in the sample have a positifve data. The analytical method used was
multiple linear regression test.
The result of this study concluded that the MVA, residual income and operating
cash flows simultaneously affected the return earned by shareholders. MVA partially
had no effect on returns received by shareholders. Residual income partially had an
effect on returns received by shareholders. Operating cash flow partially had an
influence on return received by shareholders. The second and the fifth hypothesis in
this study could not be tested because EVA variables and earnings experienced multi
co linearity, thus it was excluded from the study.