PENGARUH ARUS KAS OPERASI, ARUS KAS INVESTASI, ARUS KAS PENDANAAN DAN LABA AKUNTANSI TERHADAP RETURN SAHAM PADA PERUSAHAAN MAKANAN DAN MINUMAN YANG TERDAFTAR DI BEI PERIODE 2017-2021

Abstract

This study aims to determine (1) the effect of operating cash flow on stock returns, (2) the investment cash flow on stock returns, (3) the cash flow of funding on stock returns, (4) accounting profit on stock returns, (5) simultaneous effect of operating cash flow, investment cash flow, funding cash flow and accounting profit on stock returns in food and beverage companies listed on the Indonesia Stock Exchange for the 2017 period -2021. The method used in this study is a quantitative method. The test results are multiple linear regression equations Y = -13.741 + 0.008 X1 + 0.004 X2 + 0.077 X3 - 0.016 X4 + e, partially operating cash flow has a positive significance with a t value of 2.201 and a significance value of 0.030. Investment cash flow has a significant positive effect with a t value of 3.063 and a significance value of 0.003, funding cash flow has a positive and insignificant effect with a t value of 0.683 and a significance value of 0.390, accounting profit has a negative effect with a t-count value of -3.009 and a significance value of 0.003. Simultaneously operating cash flow, investment cash flow, funding cash flow and accounting profit affect stock returns with a value of 0.001. The Adjusted R Square value of operating cash flow, investment cash flow, funding cash flow and accounting profit on stock returns is 9.1% while 90.9% is influenced by other variables not discussed in this study.