The Effect of Net Income, Total Cash Flow, And Company Size on Stock Price (Empirical Study on Banking Companies on the IDX)

: 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.

Another financial statement indicator, which plays an important role in assessing company performance, is company size.Company size can be seen through assets or total wealth owned by the company through financial statements.A company's size can determine whether or not the performance of the company.Investors usually prefer to trust large companies, this is because large companies are considered capable of improving their performance.Company size reflects the size of the company as seen from the total assets of the company.
Government policy to maintain Indonesia's economic stability, namely through banking.Some of them are Financial Services Authority Regulation (POJK) Number 11/POJK.03/2020,concerning Economic Stimulus as a Countercyclical Policy.Impact of the 2019 Coronavirus Disease Spread in the banking industry which regulates credit restructuring for individuals, MSMEs, and corporations.Then the Financial Services Authority Regulation of the Republic of Indonesia Number 18/POJK.03/2020,concerning Written Orders for Handling Bank Problems which regulates the authority of OJK to give written orders to carry out mergers, consolidations, takeovers and/or integration (P3I), as well as to receive P3I.These policies aim to maintain financial system stability amid the COVID-19 pandemic.
The Table that  The JCI should show a positive trend or an increase, but there was still a JCI that experienced a decline (a negative trend), namely the JCI in 2012 to the JCI in 2013, the JCI in 2014 to the JCI in 2015, the JCI in 2017 to the JCI in 2018 and the JCI in 2019 to the JCI in 2020.
The JCI and the decline in the financial sector index in 2020 were caused by the Covid 19 pandemic which began to spread throughout the world in early March 2020, causing a decline in the JCI and the financial sector index in Indonesia.
Looking at the JCI trend and the trend in the financial sector index, the authors are interested in analyzing more deeply the effect of net income, cash flow and company size on stock prices in the banking sector on the Indonesia Stock Exchange (IDX).
Identification of research problems is determined so that the research focuses on the main problems that exist and their discussions, so that the research objectives do not deviate from the target.The problem in this research is in banking companies listed on the Indonesia Stock Exchange (IDX) in 2018-2020.
The limitation of the problem in this study is limited to the analysis of net income, total cash flow, company size, and stock prices in banking companies listed on the Indonesia Stock Exchange (IDX) in 2018-2020.

Research Purpose
With reference to the formulation of the problem above, the expected objectives of this research are: To obtain empirical evidence of the effect of net income, total cash flow and company size on stock prices of banking companies listed on the IDX, either partially or simultaneously for the period 2018 to 2020.

THEORITICAL REVIEW
Irham Fahmi (2014: 21) Signaling theory is a theory that discusses the ups and downs of prices in the market such as; stock prices, bonds and so on, so that it will have an influence on investor decisions.Signaling theory emphasizes the importance of information issued by the company on the investment decisions of parties outside the company.Information is an important element for investors and business people, because information basically presents information, notes or descriptions for both past, current and future conditions for the survival of a company and how the securities market will be.Complete, relevant, accurate and timely information is needed by investors in the capital market, as an analytical tool for making investment decisions.
The relationship between signal theory and this study shows that if net income, total cash flow and company size reported by the company increase, then the information can be categorized as a good signal, because it indicates good financial performance and company condition.
The price of a stock tends to rise, if a stock experiences excess demand and tends to be derivative and if there is an excess supply.Stock prices in the capital market are largely determined by the forces of demand (demand) and supply (supply).The more investors who buy shares, the higher the share price.
According to Anoraga and Pakarti, shares are a sign of equity participation in a limited liability company.By owning shares of a company, investors can get advantages such as; receive dividends, capital gains and other non-financial benefits, and the pride and power of obtaining voting rights in determining the running of the company.
The stock price is a reflection of the performance of a company.In a short period, the price of a stock can be very volatile, so the end of the closing period of the stock price is the right reference in comparing or analyzing a research.
Income is the increase in economic benefits during the accounting period (for example, an increase in assets or a decrease in liabilities) that results in an increase in equity, other than those involving transactions with shareholders.
According to Baridwan (2018: 47), Profit (Gains) is an increase in capital (net assets) originating from transactions that rarely occur from a business entity, and from transactions or other events that affect the business entity during a period, except those arising from income.(revenue) or investment by the owner.
Net income is the last number in the profit and loss calculation where to find the operating profit plus other income minus other expenses.Net profit (Net Profit), is profit minus costs which are company expenses in a certain period including.
According to Wenas (2017: 99), explains that net profit is the difference in excess of total revenue over total expenditure.If the total expenditure is greater than the total revenue, the company will report a net loss.If in a certain accounting period, revenues equal expenses, it is said that business operations are at the break-even point.
Cash flow is a very important unit in carrying out financial operational work activities both for planning or implementing audits as well as new investments as one of the pillars of running financial operational activities.Thus, management's efforts to achieve organizational goals are based on the financial budget function, namely by using Cashflow as a Cash Flow Flow.
Reports of sources and uses of cash are used as a basis for estimating future cash needs and the possibility of existing sources, or can be used as a basis for planning by forecasting future cash needs.The company's cash flow statement can be useful for users of financial statements to assess the company's ability to generate cash and assess the company's needs to generate cash.
The size of the company is considered capable of influencing the value of the company, because the larger the size or scale of the company, the easier it will be for the company to obtain funding sources, both internal and external (Hery, 2017:11).Company size is a way that can classify companies in various ways, namely total assets, total sales, number of employees, and others.The greater the total assets and sales, the greater the size of a company.The size of the company will affect the ability to bear the risks that may arise from various situations faced by the company.Large companies have lower risk than small companies.This is because large companies have greater control over market conditions, so they will be able to face economic competition.
In addition, companies have more resources to increase the value of the company, because they have better access to external sources of funding compared to small companies.Investors will respond more positively to large companies, thus increasing value for large companies.
From the definition above, it can be concluded that the size of the company is the size of the company as seen from its total assets and sales.The greater the total assets owned, the greater the size of the company, so the authors are interested in conducting

RESEARCH METHODS
This type of research is associative research where according to (Sugiyono, 2019:11), associative is research that aims to find out the influence or relationship between two or more variables.By using the associative research method, it will be known the effect of net income, total cash flow, and company size on stock prices in banking companies listed on the Indonesia Stock Exchange from 2018 to 2020.

Research Time and Place
This research was conducted in Jakarta and took company data from www.idx.co.id.The research period to be analyzed is 2018-2020.This is because the financial statements are easy to upload and have been published.

Operational definition
Operational definition is the operational definition of variables, practically, in real terms within the scope of the research object/object under study.

Net Profit (X1)
The net profit is the difference between the realization of income derived from company transactions in a certain period minus the costs incurred to earn income.In this study, net income is measured by calculating the difference between income and expenses.

Total cash flows (X2)
Total cash flows represent the total cash flows from operating, investing, financing activities and cash and cash equivalents at the beginning of the year.For the purpose of analysis through regression, previously calculated the total cash flow changes for each year.This change in total cash flow is an independent variable used to analyze the effect of information on total cash flow on stock prices.

Company Size
Company size is the size of the company based on the total assets (total assets) of the company.The size of the company in this study is measured by the natural logarithm of the total assets owned by the company.Natural logarithms are used because the units in the total assets of a company can be worth trillions so that in econometrics there will be problems (Ichwan, Yuniar (2015) in Sembiring, 2020), therefore one way to simplify it is through ln (natural logarithm) using the formula:

Stock Price (Y)
The share price is the price of a share that occurs on the stock market at a certain time determined by market participants and is determined by the demand and supply of related shares in the capital market.In this study, the stock price variable is measured by looking at the closing price of the stock (Closing Price) on the company's financial statements.

Variable Definition
1. Independent Variables (Independent Variables) are variables that affect the dependent variable (dependent variable).The independent variables in this study are Net Profit, Total Cash Flow, and Firm Size. 2. The dependent variable (dependent variable) is a variable that is influenced by the independent variable (independent variable).The dependent variable in this study is the stock price.Banking companies that do not consistently publish financial reports during the 2018-2020 periode (5) Banking companies that consistently publish financial reports during the 2018-2020 periode 38

Net profits = incomeexpenses
Banking Companies that suffered losses for the 2018-2020 periode (10) Total Banking Companies that can be used as research samples during the period 2018-2020 28 Source: Processed by the Author The sample data taken from companies as shown in the table below are 28 banking companies: explaining the variation of the dependent variable (Ghozali, 2016:157).The t-test was performed using a significant level of confidence in the table of coefficients of statistical regression results

Smultaneous Significance Test (Statistical Test F)
The F-statistical test is used to prove that there is an effect between the independent variables on the dependent variable simultaneously.The significance of the regression model is simultaneously tested by looking at the significance value (sig) where if the sig value is below 0.05 then the independent variable affects the dependent variable, and if the sig value is above 0.05 then the independent variable has no effect on the dependent variable (Ghozali, 2016: 157).

Coefficient of determination (R²)
According to Ghozali (2018: 97), the coefficient of determination (R2) essentially measures how far the model's ability to explain variations in the dependent variable is.The value of the coefficient of determination is between zero or one.A small value of R2 means that the ability of the independent variables in explaining the variation of the dependent variable is very limited.

Descriptive Statistical Results
Descriptive statistical measurements were carried out on research variables consisting of Net Profit, Total Cash Flow, Company Size and Stock Price.The following are the results of descriptive statistics in this study: Based on the table above, it can be seen that: 1. N = 84, then the number of data processed in this study is 84 samples consisting of 28 banking companies sampled for three years consisting of net income, total cash flow, company size and stock prices.2. Net Profit, has an average value of 27.3237 with a standard deviation of 2.27147.By looking at the average value greater than the standard deviation value, it can be concluded that the net income variable has scattered data and the sampled companies have relatively small differences between companies.3. Total Cash Flow, has an average value of 29.8435 with a standard deviation of 1.60860.With an average value greater than the standard deviation value, it can be concluded that the Total Cash Flow variable has scattered data and the sampled companies have relatively small differences between companies.4. Company size, has an average value of 31.9233 with a standard deviation of 1.68152.With the average value greater than the standard deviation value, it can be concluded that the Firm Size variable has scattered data and the sampled companies have relatively small differences between companies.5. Share Price, has an average value of 7.0460 with a standard deviation of 1.51047.By looking at the average value greater than the standard deviation value, it can be concluded that the Stock Price variable has scattered data and the sampled companies have relatively small differences between companies.
depth research on the factors that influence changes in stock prices in the banking sector that go public on the Indonesia Stock Exchange (IDX).
companies listed on the Indonesia Stock Exchange in 2018-2020 43

Table .
Research Sample Data.