Apakah Laba Akuntansi, Total Arus Kas dan Earning Per Share Mempengaruhi Harga Saham?

Abstract

Penelitian ini bermaksud menganalisa pengaruh Laba Akuntansi, Total Arus Kas dan Earning Per Share pada Harga Saham sebagai variable independenya, dengan variable dependen Harga Saham. Pada penelitian ini memuat data 108 perusahaan sektor manufaktur terdaftar BEI periode 2018 – 2020 dengan analisis memakai Statistical Package For Social Science (SPSS). Hasil penelitian ini menunjukkan bahwa secara simultan, Laba Akuntansi, Total Arus Kas dan Earning Per Share mempengaruhi Harga Saham. Variabel Laba Akuntansi secara positif mempengaruhi Harga Saham, variabel Total Arus Kas secara positif mempengaruhi Harga Saham, dan juga. Variabel EPS secara positif mempengaruhi Harga Saham. Penelitian ini dapat pula dijadikan bahan pertimbangan bagi para calon investor dan pemegang saham agar lebih cermat dalam menerima informasi laporan keuangan yang diberikan oleh perusahaan dalam pengambilan keputusan investasi yang cepat. dan untuk perusahaan agar dapat menjaga kinerjanya dengan meningkatkan pendapatan sehingga perusahaan bisa memaksimalkan kinerjanya serta menghasilkan peningkatan pada total arus kas. Perusahaan juga tetap harus mempertahankan dalam peningkatan laba akuntansi dan EPS supaya jumlah investor yang tertarik untuk menanamkan modalnya meningkat.

Analysis of The Determinants on Technology Share Prices Listed on the Indonesian Stock Exchange in the 2018-2022 period

“…Therefore, H3 which states that total cash flow influences the price of technology sector shares listed on the Indonesian Stock Exchange in the 2018-2022 period is accepted. The results of this research are in line with research conducted byFiali & Indrati (2022);Purwaningsih & Setiawan (2022);Tunio et al (2020) that total cash flow had a positive influence on stock prices. However, the results of this research are not in line with research conducted byZuliyana et al (2022) which shows the total cash flow has no effect on share prices.…”

“…The cash flow statement provides useful information for investors, which can influence transactions in the stock market and result in significant stock price fluctuations. The quality and completeness of the information contained in the cash flow report also influences the interest of potential investors to invest in the company and has the potential to increase the company's share price (Fiali & Indrati, 2022).…”

“…Different research was conducted by Dedy et al, 2020;Eldomiaty et al, 2020;Mahpudin & Batu, 2021;Miyanti & Wiagustini, 2018;Mustika et al, 2022;Natividad, 2020;Wibowo & Saragih, 2018 which explains that Inflation partially has no significant effect on stock prices. According to Fiali & Indrati, 2022;Purwaningsih & Setiawan, 2022;Tunio et al, 2020 shows that Total Cash Flow has a positive effect on stock prices. As for research that shows the opposite result, namely Total Cash Flow has no effect and is not significant on stock prices as found in research Angraeni & Purwaningsih, 2022;Indrawati & Suartini, 2021;Silalahi & Sembiring, 2020;Siregar & Prabowo, 2021;Zuliyana et al, 2022. From various previous research results as mentioned above, it still shows the inconsistency of research results in revealing the effect of The Fed, Inflation, and Total Cash Flow on Stock Prices, causing a research gap.…”