PENGARUH LABA BERSIH DAN ARUS KAS TERHAPAD RETURN SAHAM PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DALAM BURSA EFEK INDONESIA

Abstract

Abstrac
The purpose of this research is: 1) To determine whether the profit and
cash flow is used by investors to take investment decisions reflected from the stock
return to be obtained. 2) To know the effect of net profit and cash flow to stock
return either simultaneously or partially. Variables in this study consist of net
income, cash flow and stock return.
This study uses multiple linear regression analysis data. This research
was conducted by using 53 manufacturing companies listed on Indonesia Stock
Exchange within the period of study 2014-2015. The sample technique is done by
purposive sampling. The results showed that net income had a positive and
significant effect on stock returns. While cash flow has negative and insignificant
effect on stock return. This shows that the higher net profit generated by the
company, then the return received will be higher, and cash flow does not affect
the stock return. Together net income and cash flow effect on stock return.
Keywords: Net Profit, Cash Flow, Stock Return