Satia Nur Maharani_abstract_1612012

KANDUNGAN INFORMASI LABA BERSIH DAN ARUS KAS TERHADAP REAKSI PERUBAHAN RETURN SAHAM

Satia Nur Maharani

Fakultas Ekonomi Universitas Negeri Malang
Jl. Semarang No. 5  Malang

Korespondensi dengan Penulis:
Satia Nur Maharani: Telp.+62 341 955 2045
E-mail: tiamaharani@ymail.com

  Abstract

This paper presented an investigation of the listed LQ45 companies in Indonesia Security Exchange (BEI). This investigation examined the influence of earnings (EPS) and cash flows (OCF) to the in explaining stock returns and stock price.This study used the accounting data of the companies listed in the BEI from 2008-2010. Furthermore, it employed a two of statistical procedures (regression analysis and path analysis). Also, 31 Indonesian corporations were selected for testing the hypotheses. The results of this paper indicated the existence of information value of earnings and there was sufficient evidence to confirm information content to make the market react but cash flow does not have sufficient evidence to affect stock returns and stock price

Key words: earning per share, cash flow, stock return, stock prices

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