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H. Susanto et al. /Accounting 7 (2021)10112.4 Hypothesis DevelopmentVolatility in earnings is the high turnover rate of the companies' income. Some researchers (e.g. Rowena & Hendra, 2017b;Bathala et al., 1994) explained the earnings volatility business risk proxy, from the dividend program, has an effect on the stockprice since the decision has relevant details relating to the allocation of business profits and the output of the market. This dataprovides a response for investors, thus affecting the stock price in the market. Managers are required, by volatility profits, tomonitor the price of industrial securities. Investors tend to maintain their shares, resulting in low stock sales (Rowena & Hendra,2017b; Antoniou et al., 2002). Profit ups and downs will make it hard for the industry to attract foreign funding, because theindustry is not usual, the higher the degree of profit fluctuations, such that investors' capital profits continue to be significant.Investors thus prefer to hold their shares for the coming term. There are also not many trades, so the number of stock prices islimited. Volatility of profits is a comparison of operating profit with overall industrial wealth (Shahid et al., 2015; Rowena &Hendra, 2017b; Jondri, & Rohmawati, 2017). The hypotheses in this analysis are as follows:H1. Stock price has a significant positive effect on profit volatility.The importance of accounting data will clarify the significance of business accounting data (Barth et al., 2001). Net sales is anaccounting detail in the profit and loss financial statements that describes the industry's results for a span of one year. Themarket value of the industry is expressed at the price market of its stock. Net income is a risk-relevant dimension, expressed inthe financial market stock price (Arouri et al., 2012). The net profits of Biddle and Choi (2006) rather than the sales fluctuations,influences the stock price. Determined in previous studies was the course of the relation between industrial income and stockprices. In compliance with the desires of each investor, the relationships can be positive or negative between manufacturingwages and stock prices. Sourced from the description, so the hypotheses in this research are:H2. Stock price has a significant positive effect on net profit.Comprehensive sales in the profit and loss financial statements describes the performance of the industry throughout one periodof financial statements. Financial Accounting Standard Number. 1 explained that there has been a change in terminology fromprofit and loss statements to comprehensive profit and loss statements. The actual statement of income contains other detailedrevenue and expenditures not included in the statement of revenue. The postal posts include surplus revaluation turnover,income and losses over time, foreign exchange trade profits, benefits and losses as a result of capital asset reassessments andsuccessful hedging sections. The postal posts include the postal posts. Data on the industry's results becomes useful becausethey are expressed in the price transition. Comprehensive revenue reveals the threats to the industry's success. The importanceof the uncertainties that may justify the degree of market return on securities must be detailed revenues. The more risk the moreprice the stock. Sourced from the description, so the hypotheses in this research are:H3. Stock price has a significant positive effect on comprehensive profit.3.Research Methods3.1 Types of ResearchThis analysis uses a quantitative approach that creates information and uses evidence to convince theories. The informationused in this analysis is secondary and does not offer information for example by means of other data or records, directly to datacollectors (Rusdiyanto, Agustia, Soetedjo, & Septiarini, 2020; Juanamasta et al., 2019; Rusdiyanto, Hidayat, et al., 2020;Prabowo, Rochmatulaili, Rusdiyanto, & Sulistyowati, 2020; Syafii et al., 2020; Jannah et al., 2020).3.2 Population and Research SamplesIn this research the nonprobabilistic approach of sampling is demonstrated by purposeful judgement. In a population, purposefulsampling uses certain parameters to collect reliable information. Financial statements banking are taken from Indonesia StockExchange and www.yahoofinance.com, to calculate earnings volatility, net income, and comprehensive income.3.3 Variable Operational DefinitionsIn this research, the value of accounting data in business was measured by the use of four types of variables construct aregression model. The variables used have been analyzed:1) Independent Variables

1012Independent variables used in this study are the projected industry value with the stock market price (NPt) on April 1. Priceor worth of capital market shares at a given time resulting from demand and supply by market actors is called the stockmarket price (Rusdiyanto & Narsa, 2019).2) Dependent Variables1.Earnings volatility means the degree of volatility of business income, describing profits is difficult to forecast and ismuch harder to predict at high volatility (Antoniou et al., 2002). The ups and downs in industry sales will obstruct theindustry's access to investors' funds. The higher the volatility of the industry's earnings, which ensures that buyersexpect to make massive capital returns at a profit hit optimum rate. Investors therefore prefer for a long time to holdtheir shares. Volatility of earnings is the contrast between assets and the overall wealth of business, with the followingformulas:ை ௧ ௧Earnings Volatility 2.3.் ௧ ௦ ௧Net income is one of the corporate benefit and loss accounting data that outlines the business's results over a particularaccounting cycle. Net income is the dimension of a risk, on the contrary the value of profit has the relevance of riskreflected in market stock price (Rusdiyanto & Narsa, 2019). Earning/the income is related to stock price rather thannet income. A valuable dimension of risk as stated in the share price is net income.Financial Accounting Standard Number. 1 there was a change in terminology from a profit and loss statement to acomprehensive profit and loss statement. This report covers supplementary compensation containing income andexpenditures not included in the income disclosure. These include revaluation surplus turnover, income and losses inthe interim, foreign-exchange trade earnings and losses, profits and losses as a result of re-measured financial asset.These posts make comprehensive profit and loss more relevant. Comprehensive income describes predictions frominvestors towards the stock price (Rusdiyanto & Narsa, 2019; Ilmiyono, 2017).3.4 Types and Data SourcesThe research used data from Indonesia Stock Exchange banking industry, variable data to calculate net income, earningsvolatility and comprehensive income.3.5 Analysis ModelThis research measures the impact of independent variables on dependent variables using a multiple linear regression analysiswith pls SEM application:Table 1Variable DescriptionCodeDescriptionSPStock PriceEVEarning volatilityNINet IncomeCIComprehensive Income4. Analysis And Discussion4.1 Research Results DescriptionIn order to give an understanding of the variables investigated, the properties of the testing data should be deciphered usinginformative analyzes before the theory is checked. The distribution of the analysis data used is often subject to data normalitychecking. Data from 126 out of 29 companies in the Indonesian Stock Exchange which fulfill previously laid down criteria areobtained from the sample results collection. The statistical knowledge from the survey is descriptive:Table 2The results of statistical observationsVariablesSPEVNICIValid N rd ,66

H. Susanto et al. /Accounting 7 (2021)1013Table 2 indicates a high value on net interest and overall income relative to income fluctuations. The volatility of earnings issubstantially smaller than net profits and overall income because the volatility of earnings includes more market value elementsthan net income and full income of financial assets and liabilities. Successive improvement in net sales valuation and detailedrevenue suggest that it provides details about the fair value importance of the liabilities and financial assets associatedbusinesses. That means, mark size is much more volatile to business profits than net profit to date. Higher earnings wouldimpact on a growing, weakening and dysfunctional state of the economy. Fig. 1 and Fig. 2 show the structures of the conceptualmodel as well as the first round of running the model. Also, Table 3 shows the results of convergent validity as well as compositereliability and the results confirm the validity of all variables.Fig. 1. The structure of the proposed studyFig. 2. The results of running the modelTable 3The results of convergent validity and internal consistenctVariableStock PriceEarning VolatilityNet incomeComprehensive ValidValidComposite idValidFig. 3. The results of final resultsFrom the bootstrapping model above, the T-statistic value and Hypothesis Test are used to conclude. The T-table value, of 5percent for 98 data, explains that if the T-static value exceeds the T-table of 1,666, the internal model will be significant.Table 4The results of path analysisStock price Earning VolatilityStock price Net IncomeStock price Comprehensive 42-0,140-0,140StandardError0,0880,0360,036T- StatisticP Value0,3363,9353,9510,7370,0000,000

1014The original sample value in Table 4 is the latent influence coefficient of another latent variable. The sample value is the midvalue of the path coefficient in the mid-column (m). Otherwise, we will be able to see the standard deviation (stdev), and defectsin the T-statistical mean sample showing the T-value for the hypothesis test. T- Statistics on the effect of stock price on earningvolatility show a number 0,336 smaller than T- Table 1,666 with a probability value of 0,737 which is bigger than 5%, meaningthat stock price has no a significant effect on earning volatility. T- Statistics on the effect of stock price on net income show anumber 3,935 bigger than T- Table 1,666 with a probability value of 0,000 that is smaller than 5%, meaning that stock price hasa significant positive effect on net income. And the last T- Statistics on the effect of stock price on comprehensive income showa number 3,951 bigger than T- Table 1,666 with a probability value of 0,000 that is smaller than 5%, meaning that stock pricehas a significant positive effect on comprehensive income.5. DiscussionThe hypothesis suggests that benefit influences the buying ability of individuals, so it also affects the company'svalue/acquisition price. High return adjustments will further decrease buying power and contribute to lower market values andlower potential dividends. The average equity prices for the financial market should then adjust. Volatility in profits does notchange stock price favorably and dramatically. The findings revealed that uncertainty in earnings does not have an effect oninventory values. The coefficient suggests a favorable association between income fluctuations and stock price and to allowinvestors to use knowledge about volatility income to determine their stock price. Volatilization of earnings is a typicalinvestment assumption. Based on the findings of this survey, Investors are most interested in high gains per share than in poorearnings per share stocks. The strong demand for profitable stocks brought the stock price of the firm up. On the other hand,low profits per share continues to reduce asset prices. The results of this analysis are not in line with his research findings(Rowena & Hendra, 2017a; Rusdiyanto & Narsa, 2019; Satriawan, 2017), which demonstrate that benefit uncertainty greatlyaffects the stock prices (Rusdiyanto & Narsa, 2019; Iatridis, 2015; Romli et al., 2017). Net sales affect the market priceoptimistic and dramatically. This means that investors can make fundamental analytical use of the net income value relevant atstock price equity book valuation because it has stock pricing knowledge. The result further enhances the belief that high-equityfirms will draw buyers to purchase the company's shares. This optimistic coefficient proves that investors have a larger stakein higher net income firms and have been the fundamental knowledge in decision-making on investment. The study findingsare consistent with his analysis results (Rusdiyanto & Narsa, 2019; Biddle & Choi, 2006; Mahlindiani et al., 2017). Net Profitshave greater effects on equity markets than fluctuations of income. Comprehensive profits do not change stock price favorablyand substantially. This means that full revenue is not applicable to the inventory price. The coefficient shows that the netrevenue has no positive relation to the stock price. Investor information on the company's stock price should be usedcomprehensively. For borrowers, high yields are a shared dream. Based on the findings of this survey, investors would be moreinvolved in stocks with large income per share than stocks with low incomes per share. Investors' strong demand for highprofit inventories would raise stock prices of the firm. On the other hand, low profits per share continues to reduce asset prices(Sidantha et al., 2016; Rusdiyanto & Narsa, 2019; Trimono et al., 2017).The findings of the variable control test indicate that the results of this analysis did not help the research results (Rinati, 2008;Anisma, 2012; Muflihah, 2017; Rusdiyanto & Narsa, 2019) because of the lack of significant and relevant net profit margin(NPM) stock (Rusdiyanto & Narsa, 2019). The results of the analysis do not correspond to other conclusions (Ardiansyah &Isbanah, 2017; Priana & Rm, 2017; Rusdiyanto & Narsa, 2019; Rosyadi & Anggraita, 2015; Septiawan, 2016).6. ConclusionThe results of this study have proved that the share price had a significant effect on net income and comprehensive income butdid not have any significant effect on profit volatility so that net and comprehensive profit had relevance to the share price andinvestors can make both variables in conducting further fundamental research. Previous studies (Asghar et al., 2011; Astuti,2010; Black & Wiliam, 1998) measured the level of volatility of earnings, net income, and comprehensive income on the shareprice, but when trailing other approaches by causality, share prices affect net income and comprehensive income but not forprofit volatility. In this study, however, the change includes detailed income variables due to Financial Accounting StandardNo. 1, a shift in terms from profit and loss statements to systematic profit and loss statements.ReferencesAnisma, Y. (2012). Faktor-faktor yang mempengaruhi harga saham Pprusahaan perbankan yang listing di bursa efek indonesia(BEI). Jurnal Sosial Ekonomi Pembangunan, 2(5), 144–165.Anom, L., & Safii, A. A. (2017). Pengaruh Keberadaan Blockholders Terhadap Volatilitas Harga Saham. Jurnal EKSEKUTIF,

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cPoliteknik Penerbangan Indonesia Curug, Jl. Raya PLP Curug, Serdang Wetan, Kec. Legok, Tangerang, Banten 15820 Indonesia dFaculty of Economics, Universitas Gresik, Jl. Arief Rahman Hakim 2B Gresik, East Java 61111 Indonesia eFaculty of Economics, Universitas Madura, Jl. Raya Panglegu