Martin Hermawan. The Correlation operating cash flow and Book Value of
Equity with Stock Price at Manufacturing Companies Listed on IDX in 2013.
Thesis. Jakarta. Concentration of Accounting Education. Study Program of
Economics Education. Department of Economics and Administration. Faculty of
Economics. State University of Jakarta. 2014.
This research was aimed to obtain information and knowledge based on facts and
accurate data on the correlation operating cash flow and book value of equity
with stock prices at manufacturing companies listed on Indonesia Stock Exchange
(IDX) in 2013. The method used are survey method with secondary data. The
population in this research is all companies listed on the Indonesian Stock
Exchange totaling 464 companies. Population inaccessibility are the
manufacturing companies listed on the Indonesia Stock Exchange in 2013, the
manufacturing company that issued financial statements that were audited in
2013, manufacturing companies that have positive operating cash flow and
positive equity totaling 91 companies. The sampling method used was simple
random sampling, which contained 72 companies. Of test requirements analysis,
data were showed normally distributed with a multiple regression equation Y = 0,717
+ 0,158X1 + 0,12X2. Multiple regression model was declared free of
classical assumption test. Based on hypothesis tes, H1 there is a positive
correlation between operating cash flows with stock prices, The calculations show
that the variable T_arethmetic cash flows operating of 2,776 > T_table of 1,995.
H2 there is a positive correlation between the book value of equity with stock
prices, The calculations show that the variable T_arethmetic book value of equity
of 2,781 > T_table of 1,995, and H3 there is a positive correlation together
between operating cash flows and book value of equity with stock prices, The
calculations show that F_arithmetic > F_table or 33,107 > 3,13. Correlation
coefficient test produces R_arithmetic are 0,700. Therefore, Information from
operating cash flow and book value of equity can provide a good signal for
investors, So it can be used as a basis for consideration of\ investors in making
decisions
