Effect of Company Profit, Operational Cash Flow and Book Value of Equity on Stock Price
1Annaria Magdalena M, 2Bintang Sahala Marpaung, 3Sonia Leriyanti
1,2,3 Institute of Business and Informatics Kesatuan
https://doi.org/10.47191/jefms/v6-i1-01ABSTRACT:
In 2021, sector mining experienced a growth of 7.78% yearly (YoY). The reason occurs because of exists increase in the price of commodities by a hundred percent. It is what becomes something phenomenon based on the study of this.
Study this conducted with destination for knowing influence from Company Profit, Operating Cash Flow, and Book Value Equity on the price of a share company. Company Profit, Operating Cash Flow, and Book Value Equity role as variable independent, while the share price plays a role as a variable dependent. As for the population in the study, this is company mining companies listed on the Indonesia Stock Exchange (IDX), totaling 47 companies. At the same time, the sample used in the study consists of 9 companies whose price share tends to be stable.
Study this use method analysis multiple linear regression, with the testing hypothesis in the form of t-test (partial), F-test (simultaneous), and coefficients determination. Whereas method testing data using normality test, multicollinearity test, heteroscedasticity test, and autocorrelation test. Results of the study show that company profit and book value Equity are positively and significantly influenced by Share Prices. Whereas Operating Cash Flow no had influence positive and significant on Share Prices.
KEYWORDS:
Stock Price, Company Profit, Operating Cash Flow, and Book Value Equity.
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