THE INFLUENCE OF EVA, FINANCIAL DISTRESS, AND SUSTAINABILITY ON STOCK RETURN RATES IN THE TOURISM INDUSTRY DURING 2019-2022

Abstract

This research aims to determine the effect of EVA, Financial Distress, and Sustainability on stock returns in the tourism industry listed on the IDX in 2019-2022. In this study, the data used as a sample was obtained from the 2019 to 2022 annual financial reports held by various tourism industry companies registered on the IDX. The sample selection method used for this research was purposive sampling. The analytical method used in this research is the regression method. Testing the first hypothesis shows that EVA has a positive effect on stock returns. Testing the second hypothesis shows that Financial Distress has no effect on stock returns. Testing the third hypothesis shows that sustainability has a positive effect on stock returns.