PENGARUH LABA (RUGI) BERSIH DAN ARUS KAS BERSIH TERHADAP RETURN SAHAM PADA PERUSAHAAN MAN UFAKT UR AUTOMOTIVE AND ALLIED PRODUCTS YANG TERDAFTAR DI BURSA EFEK INDONESIA
DOI:
https://doi.org/10.54367/jmb.v11i1.120Keywords:
, Income (loss) (Net Proï¬t and Loss), Net cash flow (Net Cash Flow), Stock Return (Return on Stock)Abstract
In manufacturing companies Automotive and Allied Products listed on the Indonesia Stock Exchange in 2006-2007 showed fluctuations of income (loss), net cash flows and stock returns and the consequences of the rise and fall of income (loss) and cash flows cause stock returns fluctuate too . So the problem is formulated "the influence of income (loss) and net cash flow to stock return at manufacturing Automotive and Allied Products listed on the Indonesia Stock Exchange. " This study aimed to investigate the eï¬ect of income (loss) and net cash flow to stock return on the company manufacturing Automotive and Allied Products listed on the Indonesia Stock Exchange. Beneï¬ts of the research is as one of the considerations for potential investors in making investment decisions. The population in this study are all manufacturing Automotive and Allied Products listed on the Indonesia Stock Exchange observation period 20002007. The sample in this study is a population of around 19 companies with saturated sampling method. Hypothesis testing is performed using multiple linear regression models. The results of F-test (ANOVA test) showed that the net income (loss) (X1) and net cash flow (X2) jointly have a positive and significant impact on the company's stock returns Automotive and Allied Products listed on the Indonesia Stock Exchange, with significance level of 0.014 <0.05. Determinant coeflicient () of 0.215 or 21.5%, explained that the dependent variable is the stock return can he explained independent variable is net income (loss) and net cash flow by 21.5%, while 78.5% is explained by other factors. Coefficient of income (loss) (X1), t-hit 0.05, indicating that the net income (loss) in partial positive and signiï¬cant eflect on stock returns Automotive and manufacturing companies Allied Products listed on the Indonesia Stock Exchange. Net cash flow coefficient (X2), t-hitWarning: Invalid argument supplied for foreach() in /opt/lampp/htdocs/ojs/plugins/generic/usageStats/UsageStatsPlugin.inc.php on line 788
Downloads
References
Bursa Efek Lndonesia., 2008. Data perusahaan tercatat di BEI. www.jsx.co.id
www.jsx.co.id/ Iaporan keuangan/ soft copy laporan keuangan 2008
Eric, L,C,1997. â€Impac of Earning, Dividends and Cash flows on stock; Return: Case of Taiwan's Stock Market,†Riview of Quantitative Finance and Accounting 9 (1997).
Bringham, E.F., dan ].F.Hous’cun.,2001."Manajemen Keuanganâ€, Cetakan Ketujuh, Edisi kedelapan, Jakarta: Penerbit Erlangga.
IAI, 2002, SAK, Salemba empat Jakarta.
Imam Ghozali,2005. Aplikasi Anaiisis Multivariat dengan program SPSS, Edisi 11.
Institute for Economic and Financial Research, 2008. Indonesian Capital Market Directory.
Jogianto, H,M, 2003. Toeri Portofolio dan Analisis Lnvestasi. BPEE. Yogyakarta.
Sugiyono, 2009. Metode Peneliï¬an Pendidikan. Cetakan ketujuh. Penerbit Alfabeta Bandung.
Simamora, Henry, 2001. Akuntansi Basis Pengambilan Keputusan Bisnis. Jilid 11. Cetakan pertama. Penerbit Salemba Empat.
Wilson, G.P, “The Relative Information of Accrual and cash flow: Combined Evidence at The Earning Announcement and Annual Reporting Release".
