PENGARUH STRUKTUR MODAL, ARUS KAS OPERASI DAN LABA BERSIH TERHADAP HARGA SAHAM PADA MASA PANDEMI COVID-19

Abstract

This research aimed to examine the effect of capital structure, operation cash flow, and net profit on the stock price. Furthermore, the capital structure used Debt to Equity Ratio (DER), Operation cash flow measured by (AKO), and net profit used Earning Per Share (EPS). This research was quantitative. The research sample used property and real estate listed on The Indonesia Stock Exchange from the third quarter I 2020 until the third quarter of 2021. Moreover, the research sample collection technique used the purposive sampling method, i.e., a sample selection with determining criteria. Based on the purposive sampling method, it obtained 85 property and real estate companies as a sample. The research result concluded that capital structure (DER) did not significantly affect the stock price; it showed that the investors did not pay attention to the amount of DER to invest in their fund. The operating cash flow (AKO) significantly affected the stock price.