PENGARUH ARUS KAS OPERASI,ARUS KAS INVESTASI,ARUS KAS PENDANAAN TERHADAP RETURN SAHAM PADA PT GUDANG GARAM TBK. PERIODE 2012-2021

Abstract

Purpose This research aims to determine: The effect of operating cash flow, investment cash

flow and funding cash flow on share Returns at PT Gudang Garam Tbk for the 2012-2021 period,

both partially and simultaneously

Methods This research method uses quantitative. The analytical methods used are descriptive

statistical analysis, classical assumption tests (normality test, multicollinearity test,

heteroscedasticity test and autocorrelation test), linear regression analysis (simple and

multiple linear regression analysis), hypothesis testing (t test and f test), and the coefficient of

determination test (R2).

Findings he research results show that partially Operating cash flow (X1) influences stock

returns (Y). Partially, investment cash flow (X2) has no significant effect on stock returns (Y).

Partially, funding cash flow (X3) influences stock returns (Y). Simultaneously there is no

significant influence between Operating Cash Flow (X1), Investment Cash Flow (X2), and

Funding Cash Flow (X3) on Stock Returns (Y)

Implication The high or low chances of a stock return can be determined by the cash flow

report. The cash flow report determines the amount of share value received by investors from

operating, investment and financing activities