MENELISIK FENOMENA PADA SERVICE COMPANY:ADAKAH PENGARUH ARUS KAS TERHADAP HARGA SAHAM?

Abstract

Companies are required to survive not only by increasing promotions and sales, also by obtaining capital from investors to provide opportunities to develop their business and compete. There are several things that are reviewed by investors because in investing, investors are possible to gain and lose profit. According to signal theory, company information influence investment decisions, one of which is cash flow statement. This study aims to understand the effect of operating cash flow, investment cash flow and funding cash flow on stock prices. This research was conducted on service companies listed in IDX on period of 2019-2021 with sample of 74 companies. The conclusion is, partially operating cash flow and funding cash flow have a significant impact on share prices and investment cash flow does not have a significant impact on share prices partially. Simultaneously, operating, investing and financing cash flows have a significant influence on stock prices.