PENGARUH ARUS KAS OPERASI, PERTUMBUHAN PENJUALAN, DAN DIVIDEN TERHADAP HARGA SAHAM PERUSAHAAN MANUFAKTUR TAHUN 2012 - 2013 YANG TERDAFTAR DI BEI

Efficient capital market is a market that reflects all relevant information on the price of the stock securities. Capital markets have an important role for the economy of a country that has a function as a means of funding for business or as a means for companies to obtain funds from investors (investors) .Investor to invest in the stock market requires careful consideration is to determine information about the close relationship variables that cause fluctuations in the company's stock price will be purchased. The purpose of this study is to empirically examine the effect of operating cash flow, sales growth, and dividends on stock prices in manufacturing companies. Data taken from the Indonesian stock exchange for a period of 2012 -2013 period. number of population in the study were 302 companies and after going through purposive sampling stage sample size to 84 companies. In this research using descriptive analysis and statistical analysis to measure the operating cash flow, sales growth, and dividends on stock prices. The analysis technique used in this research is multiple linear regression to obtain a comprehensive picture of the relationship between one variable with another variable.The results showed that the only variable Operating Cash Flow and Dividends significant effect on stock price, while sales growth was not significantly affect the stock price will not be used as a reference in determining investment strategies by investors in shares in the capital market