PENGARUH LAPORAN ARUS KAS DAN LEVERAGE TERHADAP RETURN SAHAM

Abstract

This research aimed to examine the effect of cash flow information which consist of operational cash flow, investment cash flow, funding cash flow and leverage on stock return. While, the population was Food and Beverages companies which were listed on Indonesia Stock Exchange (IDX) during 2014 – 2015. The research was correlational quantitative. Moreover, the data were secondary data, which taken from data base of Investment Gallery Of Indonesia Stock Exchange. Furthemore, the data collection technique used purposive sampling. Additionally, there were 10 companies as sample with 50 observations during 5 years. In addition the data analysis technique used multiple linier regression with SPSS (Statistical Product and Services Solution) 23.0. The research result concluded operational cash flow had positive effect on stock return. Likewish, investment cash flow had positive effect on stock return. Similarly, leverage had positive effect on stock return. On the other hand, funding cash flow did not effect stock return. In brief, simultaneously, operational cash flow, investment cash flow, funding cash flow and leverage affected stock return.
Keywords: operational cash flow, investment cash flow, funding cash flow, leverage, stock return.