PENGARUH ARUS KAS OPERASI DAN LABA AKUNTANSI TERHADAP RETURN SAHAM PERUSAHAAN MANUFAKTUR (Studi Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia)

Abstract

This research aimed to examine the effect of (1) operational cash flow onstock return of Food and Beverage manufacturing companies in the food and beverage sub-sector consumer goods industry that were listed on the Indonesia Stock Exchange (IDX), and (2) accounting profit on stock return of Food and Beverage manufacturing companies in the food and beverage sub-sector consumer goods industry that were listed on the IndonesiaStock Exchange (IDX). The research was quantitative with purposive sampling method. Moreover, the data collection techniqueused purposive sampling, in which the sample was based on the criteria given. Inline with purposive sampling, 55 samples from 11 Food and Beverage manufacturing companies were listed on Indonesia Stock Exchange (IDX) from 2016-up to 2020. Furthermore, the data analysis technique used multiple linear regression with SPSS (Statistical Product and Service Solution) 20. The research result concluded that (1) operational cash flow did not affectthe stock return of Food and Beverage manufacturing companies. On the otherhand, accounting profit positively affected the stock return of Food and Beverage manufacturing companies.