Abstract :
This study is to examine the effect of net income, total cash flow and company size on stock prices in the Go Public Banking sector on the Indonesia Stock Exchange (IDX). The population of this study is 43 banks and the research sample is 28 banks that can be
Sampled in the research period 2018 to 2020 and banks that go public on the IDX. This study uses the analysis method of normality test, t test, f test and correlation analysis, determinant coefficient and multiple linear regression using SPSS version 25 software.
The conclusion of this study is that the net income variable (X1) has a significant and positive effect on stock prices, the total cash flow variable (X2) has no significant effect on stock prices and the firm size variable (X3) has an insignificant and negative effect on stock prices. Meanwhile, simultaneously, net income, total cash flow, and company size have a significant effect on stock prices of banking companies listed on the Indonesia Stoct Exchange (IDX) in 2018 – 2020.
Keywords :
Company size and stock price, Net income, Total cash flow.References :
1. Agnes, Sawir. 2004. Financial Performance Analysis and Corporate Financial Planning. Jakarta : PT. Main Library Gramedia.
2. Analisa, Yangs. 2011. “The Influence of Company Size, Leverage, Profitability and Dividend Policy on Firm Value (Study on Manufacturing Companies Listed on the Stock Exchange in 2006-2008)”. Thesis. Semarang: Diponegoro University.
3. Anoraga and Pakarti. 2008. Introduction to the Capital Market, PT. Rineka Cipta, Jakarta.
4. Baridwan, Zaki. 2008. Intermediate Accounting. Edition Eight. Yogyakarta: BPFE- Yogyakarta.
5. Daniati, Ninna., and Suhairi. 2006. “Effect of Information Content Components of Cash Flow Statements, Gross Profit, Company Size on Expected Stock Returns”. SNA IX paper.
6. Fahmi, Irham. 2014. Indonesian Accounting Association (IAI). 2018.
7. Ghozali, Imam. 2016. Application of Multivariete Analysis With IBM SPSS 23 Program (8th Edition). VIII Printing. Semarang : Diponegoro University Publishing Agency.
8. Ghozali, Imam. 2018. Application of Multivariate Analysis with IBM SPSS 25 Program. Diponegoro University Publishing Agency: Semarang.
9. Ginting Suriani. 2013. Analysis of Factors Affecting Stock Prices in Manufacturing Companies on the Indonesia Stock Exchange. Accounting Study Program. STIE Mikroskil.
10. Hartono, Jogiyanto. 2017. Portfolio Theory and Investment Analysis. Edition Ten. Yogyakarta. BPFE.
11. Hery. 2017. Study of Accounting Research. Jakarta : Grasindo.
12. Husnan, Suad. 2015. Fundamentals of Portfolio Theory and Securities Analysis.
13. Kasmir. 2017. Analysis of Financial Statements. (10th Edition). Jakarta: PT. RajaGrafindo Persada.
14. Rachmawati, Y. (2018). The Effect of Inflation and Interest Rates on Stock Prices in Banking Companies Listed on LQ45 Indonesia Stock Exchange. Journal of Media Accounting, 01 (01), 66-79.
15. Rezki Zurriaha, Masta Sembiring. 2020. The Effect of Firm Size and Leverage on Firm Value Through Real Earnings Management Practices. Accounting Study Program, FEB University of North Sumatra, Medan.
16. Statement of Financial Accounting Standards (PSAK) No. 2: Cash Flow Statement, Jakarta: IAI.
17. Sugiyono. 2017. Quantitative, Qualitative and R&D Research Methods. Bandung: Alphabeta.
18. Sugiyono. 2019. Quantitative, Qualitative and R & D Research Methods. Bandung: Alfabeta.
19. Sulindawati, Ni Luh Gede Erni, et.al. 2017. Financial Management: As a Basis for Business Decision Making, Edition 1 Print 1, Publisher PT RajaGrafindo Persada.
20. Sulistyowati and Rahmawati, M. F. 2020. Analysis of the Effect of the Stock Market on Economic Growth in Developing Countries: A Study of the Literature. Unisri Research Fair 2019, 4(1), pp. 107-114.
21. Uman, K & Sutanto, H. 2017. Investment Management. Bamdumg: Faithful Library.
22. Wenas, D. D., Manossoh, H., & Tirayoh, V. Z. 2017. Analysis of the Effect of Operating Cash Flow and Net Profit on Cash Dividends in Property Companies Listed on the Indonesia Stock Exchange. EMBA Journal, Vol. 5, No. 1.
23. www.BI.go.id
24. www.BPS.go.id
25. www.IDX.co.id