PENGARUH INFORMASI LABA AKUNTANSI, NILAI BUKU EKUTAS, ARUS KAS OPERASI DAN UKURAN PERUSAHAAN TERHADAP HARGA SAHAM PADA PERUSAHAAN PROPERTY DAN REAL ESTATE DI BURSA EFEK INDONESIA TAHUN 2013-2015

Abstract

This research aims to determine whether the simultaneous and partial
earning, book value of equity, operating cash flow and firm size of stock prices on
property and real estate companies in Indonesian stock exchange (BEI). The
sample consists of 39 property and real estate companies listed on the Indonesian
stock exchange in 2013-2015. The data used in this research is secondary data in
the form of financial statement and closing stock price at the date of
announcement of financial report obtained from Indonesian Stock Exchange
Office in Semarang, Indonesian Capital Marker Directory (ICMD) and
Indonesian Stock Exchange Website. Analyze technique using multiple regression
with SPSS version 23 program. The result of research shows that: 1) partially
earning variable has positive and significant influence to stock price, 2) partially
book value of equity has negative and insignificant effect to stock price 3) partial
cash flows of operations have a positive and significant influence on stock prices,
4) firm size has a negative but significant effect on stock prices, 5) simultaneously
that earning, book value of equity, operating cash flow and firm size jointly
influence against stock prices.
Adjusted R² in the regression model was obtained at 0.713. This explains
that the influence of independent variable of accounting profit, book value of
equity, operating cash flow and firm size to stock price that have been studied
using SPSS 23 program is 71,3% while the rest 28,7% is caused by other
variables outside model this.
Keywords: Earning, book value of equity, operating cash flow, firm size, stock
price