PENGARUH KOMPONEN ARUS KAS TERHADAP HARGA SAHAM PADA PERUSAHAAN BUMN YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

Investors in making investments need to pay attention to information operating
cash flow, cash flow investing and financing cash flows, due to the cash flow
statement is relatively easier to interpret and relatively difficult to manipulate. The
purpose of this study was to analyze the significance of the effect of operating cash
flow, cash flow investing and financing cash flows partially or simultaneously to the
stock price at the state-owned enterprises listed on the Indonesia Stock Exchange.
This study uses a case study at state-owned enterprises listed on the Indonesia Stock
Exchange, the type of data used quantitative and qualitative data, the data source
used secondary data. The population in this study are all state-owned enterprises
listed on the Indonesia Stock Exchange totaling 20 companies. The samples used
were 19 companies, with a sampling technique used purposive sampling. Data
analysis techniques used classical assumption test and multiple linear regression
analysis. In conclusion that: Operating cash flow and investing cash flows positive
effect is not significant to the stock price at the state-owned enterprises listed on the
Indonesia Stock Exchange, while financing cash flows significant positive effect on
stock prices at state-owned enterprises listed on the Indonesia Stock Exchange.
Simultaneously, operating cash flow, cash flow investing and financing cash flows
significantly influence stock prices at state-owned enterprises listed on the Indonesia
Stock Exchange. Researchers further in conducting research on the factors that
affect stock prices can add other independent variables, such as earnings growth,
financial ratios, and so forth.
Keywords: operating cash flow, investing cash flows, financing cash flows, stock
prices