Informasi Akuntansi dan Harga Saham Perusahaan LQ45
DOI:
https://doi.org/10.25299/kiat.2019.vol30(1).3878Keywords:
Accounting Information, Stock Price, LQ45Abstract
This paper examine relationship of accounting information and stock price of LQ45 firms. Earnings per share (EPS), book-value per share (BVPS) and net operating cash flow per share (NOCFPS) are used as independent variables and stock price as dependent variable. Hypothesis was tested using balanced panel data set of 23 listed companies included in the LQ45 index during 2013-2017. The result of this study shows that EPS and NOCFPS has a positive effect on stock price, while there is no evidence that BVPS has effect on stock price.
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References
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Gitman, L. J. dan C. J. Zutter. 2015. Principles of Managerial Finance. 14th. Pearson Education Limited
Glezakos, M., Mylonakis, J., & Kafouros, C. (2012). The Impact of Accounting Information on Stock Prices : Evidence from the Athens Stock Exchange. International Journal of Economics and Finance, 4(2), 56–68. https://doi.org/10. 5539/ijef.v4n2p56
Iustian, R., & Arifah, D. A. (2013). Analisis Pengaruh Informasi Laba Akuntansi, Nilai Buku Ekuitas dan Arus Kas Operasi terhadap Harga Saham. Fokus Ekonomi, 8(1), 17–27.
Khanagha, J. B. (2011). Value Relevance of Accounting Information in the United Arab Emirates. International Journal Af Economics and Financial Issues, 1(2), 33–45.
Olugbenga, A. A., & Atanda, O. A. (2014). The Relationship between Financial Accounting Information and Market Values of Quoted Firms in Nigeria. Global Journal of Contemporary Research in Accounting, Auditing and Business Ethics, 1(1), 22–39.
Omokhudu, O. O., & Ibadin, P. O. (2015). The Value Relevance of Accounting Information : Evidence from Nigeria. Accounting and Finance Research, 4(3), 20–30. https://doi.org/10.5430/afr.v4n3p20
Pandansari, F. A. (2012). Analisis Faktor Fundamental terhadap Harga Saham. Accounting Analysis Journal, 1(1), 29–34. https://doi.org/10.1103/ PhysRevX.8.021027
Pervan, I., & Bartulović, M. (2016). Value relevance of accounting information : evidence from South Eastern European countries. Economic Research-Ekonomska Istraživanja, 27(1), 181–190. https://doi.org/10.1080/1331677X.2014.947132
Ramli, M. R., & Arfan, M. (2011). Muhammad Ridha Ramli & Muhammad Arfan 126. Jurnal Telaah & Riset Akuntansi, 4(2), 126–138.
Tharmila, K., & Nimalathasan, B. (2013). The value relevance of accounting information and its impact on market vulnerability : a study of listed manufacturing companies in Sri Lanka. Merit Research Journals, 1(2), 30–36.
Wang, J., Fu, G., & Luo, C. (2013). Accounting Information and Stock Price Reaction of Listed Companies — Empirical Evidence from 60 Listed Companies in Shanghai Stock Exchange. Journal of Business & Management, 2(2), 11–21
