PENGARUH NILAI BUKU SAHAM DAN LABA AKUNTANSI TERHADAP HARGA PASAR SAHAM PENGARUH NILAI BUKU SAHAM DAN LABA AKUNTANSI TERHADAP HARGA PASAR SAHAM PENGARUH NILAI BUKU SAHAM DAN LABA AKUNTANSI TERHADAP HARGA PASAR SAHAM

The objectives of this research are: (1) To prove the significant influence of book value of shares on stock market price of manufacturing company; (2) Proving the significant effect of accounting earnings on stock market prices of manufacturing companies; and (3) Proving the significant influence of cash flows on the stock market prices of manufacturing companies. The research sample is the manufacturing industry that is listed on the Indonesia Stock Exchange in 2012-2017. Sampling method used is purposive sampling, as many as 80 companies. Methods of data analysis using multiple regression analysis. From the results of the research note that: (1) Book value equity variable has negative significant effect to market price of manufacturing industry stock. Its mean, if the increasing of book value will be reduce of the stock market price; (2) Profit (earnings) have a positive significant effect on the market price of manufacturing industry stocks. Its means that the higher increase in profit will increasing of stock market prices; and (3) Cash flow has a positive significant effect on the market price of manufacturing industry stock. Its means that an increase in cash flow will increase the stock market price.Keywords: book value equity, profit accounting, cash flow, stock market pric