PENGARUH ARUS KAS OPERASI, ARUS KAS INVESTASI, DAN ARUS KAS PENDANAAN TERHADAP RETURN SAHAM

Abstract

Purpose―This study aims to examine and prove the effect of operating cash flow, investment cash flow, and funding cash flow on stock returns in food and beverage sub-sector companies during the 2019-2023 period.

Method— This study uses a quantitative approach with multiple linear regression analysis. With a sample size of 21 companies using data processing with SPSS version 25.

Finding— Partial research results show that operating cash flow and funding cash flow have a significant effect on stock returns, while investment cash flow has no significant effect on stock returns. Simultaneously operating cash flow, investment cash flow, and funding cash flow affect stock returns.

Implikasi—The implications of the results of this study are that company management is expected to be careful in making policies, taking into account internal and external factors that can affect stock returns. For investors, it is hoped that these results will be used as a reference when investing their shares in food and beverage companies..

Originality—The results of observations of current research have not found the same research using food and beverage sub-sector companies in 2019-2023.

Keywords-- Operating cash flow, investing cash flow, funding cash flow, and stock return.