Impact of Operating Cash Flow on Stock Returns

Bonifacius Parlin Sumarlin Malau; Ignatius Oki Dewa Brata

doi:10.55208/fgvrvt38

Authors

Bonifacius Parlin Sumarlin Malau Universitas Widyatama, Bandung Author
Ignatius Oki Dewa Brata Universitas Widyatama, Bandung Author

DOI:

https://doi.org/10.55208/fgvrvt38

Keywords:

Financial Statements, Operating Cash Flow, Stock Return

Abstract

In this research, researchers aspire to examine the theory of whether there is a cash flow effect on stock changes. Stock returns which are used as stock measurement tools are a reflection of market reactions to what happens within the company in terms of fundamentals. Therefore, to measure the fundamental factors that exist within the company researchers utilise operating cash flow. Operating cash flow is seen as being able to represent because operating cash flow data exists in every company. Moreover, hence that the comparison is balanced the researchers choose to use the population of companies in the LQ 45 area. After being tested using simple linear regression, the results are as previously thought that there are influences on the company's Fundamental factors which in this study is the Operating Cash Flow with market factors which in this study represented by Stock Return.

References

Azilia Yocelyna dan Yulius Jogi Christiawan. (2012). “Analisis Pengaruh Perubahan Arus Kas dan Laba Akuntansi Terhadap Return Saham pada Perusahaan Berkapitalisasi Besar”. Jurnal. Universitas Kristen Petra Surabaya.

Brigham, Eugene dan Joel F. Houston. (2006). Dasar-dasar Manajemen Keuangan. Edisi Kesepuluh. Jakarta: Salemba Empat.

Horne, James C. Van dan John M Wachowicz, Jr. (2012). Prinsip-prinsip Manajemen Keuangan. Edisi 13. Jakarta : Salemba Empat.

Ikatan Akuntan Indonesia. (2009). Standar Akuntansi Keuangan. Jakarta: Salemba Empat.

Jogiyanto, Hartono. (2014) .Teori Portofolio dan Analisis Investasi. (Edisi Kelima). Yogyakarta: BPFE UGM.

Kieso, Weygandt, dan Warfield. (2002). Akuntansi Intermediate. (Edisi Kesepuluh). Jakarta: Erlangga.

Mulyadi. (2001). Sistem Akuntansi. (Edisi Ketiga, Cetakan Ketiga). Jakarta: Salemba Empat.

Nur Aini. (2009). “Pengaruh Laba Dan Komponen Arus Kas terhadap Return Saham (Studi Empiris Pada Perusahaan Terdaftar Di Bei Periode Tahun 2007–2009)”. Jurnal ISSN. Universitas Stikubank Semarang.

Skousen, Smith. (2001). Akuntansi Intermediate, Volume Komprehensif, Jilid 2, Edisi Sembilan. Jakarta: Erlangga.

Seno Jodi Utomo. (2011). “Analisis Pengaruh Arus Kas Operasi Dan Laba Akuntansi Terhadap Return Saham Perusahaan Manufaktur Di Bursa Efek Indonesia”. Jurnal. Universitas Negeri Semarang.

Sherlita, Erly. (2016). Pengaruh Laba Kotor Dan Total Arus Kas Terhadap Harga Saham. Jurnal Akuntansi Bisnis dan Ekonomi. Volume 2 No. 1.

Sugiyono. (2011). Metode Penelitian Kuantitatif Kualitatif dan R&D (12 th ed). Bandung: Alfabeta.