ABSTRACT
This study aims to investigate the effect of Market Value Ratio, Profitability Ratio, and Solvability Ratio to Market Value Added Companies Listed in the Jakarta Islamic Index partially and simultaneously. The sample used in this study are companies registered in the Jakarta Islamic Index (JII) from 2012 to 2016. The results of the best estimation model based on the Random Effect Model shows that the variables of Earning Per Share, Return on Equity and Debt to Equity Ratio affect the Market Value Added simultaneously and significantly. Variable of Return on Equity has a positive and significant influence and Debt to Equity has a significant negative effect to market value added. Companies should strengthen financial ratios, in particular the profitability of the company by keeping the level of profit, in order to raise high market value added. The use of debt must be minimized, because it will impact low market value added.
