Akurat Jurnal Ilmiah Akuntansi Nomor 07 Tahun …（Akurat Jurnal Ilmiah Akuntansi Nomor 07 Tahunu2026）.pdfVIP

Akurat Jurnal Ilmiah Akuntansi Nomor 07 Tahu n Ke-3 Bulan Januari-April 2012 ISSN: 2086-4159 PENGARUH INFORMASI LABA DAN ARUS KAS TERHADAP HARGA SAHAM Meythi Dosen Program Pendidikan Profesi Akuntansi Universitas Kristen Maranatha Selvy Hartono Mahasiswa Jurusan Akuntansi Universitas Kristen Maranatha ABSTRACT The purpose of this study was to examine whether there is any significant effect either partially or simultaneously from earnings, operating cash flow, investing cash flow and financing cash flow to stock prices . The sample used consists of 35 companies included in the group LQ45 period August 2007 -January 2008 for 2 years (2004-2005financial statements and stock prices in 2005-2006). Data were analyzed using multiple linear regression analysis. Before the first regression test performed four classical assumptions, ie normality test, multicollinearity, autocorrelation, and heteroskedastisitas. The results showed that the regression models free of symptoms of normality, multicollinearity, autocorrelation, and heteroskedastisitas. Test results show that the partial hypothesis, earnings are significantly positive effect on stock prices, while operating cash flow, investing cash flow and financing cash flow does not significantly influence stock prices. The results of simultaneous hypothesis testing also showed that profit , operating cash flow, investing cash flow and financing cash flows have a significant effect on stock prices. Keywords: Earnings, Operating Cash Flow,Investing Cash Flow, Financing Cash Flow, and Stock Prices. PENDAHULUAN Pasar modal merupakan esensi dari perekonomian pasar. Ketika negara-negara Eropa Timur memutuskan untuk mengganti sistem sentralisasi mereka, yang pertama-tama mereka lak