PENGARUH PERUBAHAN ARUS KAS, LABA AKUNTANSI DAN KEBIJAKAN HUTANG TERHADAP RETURN SAHAM

Abstract

This research aimed to find out the effect of operational cash flow, investment cash flow, funding cash flow,
accounting profit and debt policy on stock return. This research was quantitative. While, the population was
Basic and Chemistry companies which were listed on Indonesia Stock Exchange (IDX)2014 – 2018. Moreover,
the data collection technique used purposive sampling. In line with, there were 39 companies as sample with 195
observations. Furthermore, the data analysis technique used multiple linear regression with SPSS (Statistical
Product and Service Solution) 22. The research result concluded as follows: (1) Operating Cash Flow did not
affect stock return of Basic and Chemistry companies, (2) Investment Cash Flow did not affect stock return of
Basic and Chemistry companies, (3) Funding Cash Flow did not affect stock return of Basic and Chemistry
companies, (4) Accounting Profit had positive effect on stock return of Basic and Chemistry companies, and (5)
Debt policy had negative effect on stock return of Basic and Chemistry companies which were listed on Indonesia
Stock Exchange (IDX).
Keywords: operating cash flow, investment cash flow, funding cash flow, accounting profit, debt policy