PENGARUH ARUS KAS OPERASI DAN LABA AKUNTANSI TERHADAP RETURN SAHAM (Studi Kasus Pada Perusahaan LQ-45 yang Terdaftar di Bursa Efek Indonesia Periode 2016-2019)

Abstract

This research is a qualitative descriptive study which aims to determine the effect of Operating Cash Flow and Accounting Profits on Stock Returns in LQ-45 companies listed on the Indonesia Stock Exchange for the period 2016-2019.

Sources of data used in this study are secondary data sources obtained through the intermediary documents of 24 LQ-45 companies, namely companies that have high liquidity and good financial management from the internet, namely on the website www.idx.co.id

The results of this study conclude that the results of testing the first hypothesis indicate that Operating Cash Flow (X1) has no significant effect on Stock Returns in 24 LQ-45 companies listed on the Indonesia Stock Exchange for the 2016-2019 period, because the significance value is greater than 0.05. which is 0.283 (0.283 > 0.05). The results of testing the second hypothesis show that Accounting Profit has a positive and significant effect on Stock Returns in 24 LQ-45 companies listed on the Indonesia Stock Exchange for the 2016-2019 period, because the significance value is less than 0.05, namely 0.013 ( 0.013 < 0, 05 ).