<![CDATA[So far the study of the relevance of earnings, cash flow value, and the
book reveals that the value of earnings and book value are positively correlated to
the stock price while cash flow has no information content if the visible effects on
stock prices.
This study aimed to determine the influence of the value relevance of
earnings, operating cash flow and book value of equity to the stock price. This
study uses data of registered companies in LQ45 as of August 2008 until January
2009. Data analysis was done through multiple regression, where prior to
regression analysis of data was tested first with the classic assumption test.
Data analysis showed that the influence of the value relevance of earnings,
operating cash flow and book value of shares in the period hargpa non suspension
of shares indicate that the value relevance of earnings and book value significantly
influence stock prices, while operating cash flow variable has no significant
effect. Meanwhile, the value relevance test the influence of profit, operating cash
flow and book value to share price on stock suspension period indicates that the
variable income is a variable one - the only significant effect on stock prices,
while the cash flow variable is a variable that has a negative and not significant.
While the book value variable is a variable with a positive but not significant
effect.
Keywords : profit, book value, equity shares]]>
Copyrights © 2009
