PENGARUH PERTUMBUHAN ARUS KAS, LABA AKUNTANSI, DAN NILAI PASAR SAHAM DITINJAU DARI ANALISIS FUNDAMENTAL TERHADAP TINGKAT RETURN SAHAM PADA PERUSAHAAN SEKTOR TAMBANG YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE TAHUN 2015 – 2017

Abstract

This study has the objectives: (1) Analyzing partially the Effect of Cash Flow Growth, Accounting Profit, and Stock Market Value Viewed From Fundamental Analysis of Stock Return Levels in Mining Sector Companies Listed on the Indonesia Stock Exchange. (2) Analyzing the effect simulately between Cash Flow Growth, Accounting Profit, and Stock Market Value Viewed From Fundamental Analysis of Stock Return Levels in Mining Sector Companies Listed on the Indonesia Stock Exchange. The population in this study were all mining companies listed on the Indonesia Stock Exchange from 2015 to 2017. The sample of this study was determined by purposive sampling method to obtain 18 sample companies. The type of data used is secondary data obtained from www.idx.co.id. This study uses multiple linear regression analysis to see the effect of each independent variable on the dependent variable.
Based on the results of multiple regression analysis with a significance level of 5%, the results of this study conclude, simultaneously operating cash flow, investment cash flow, funding cash flow, accounting profit, and stock market value affect stock returns. Partially the accounting profit variable and stock market value influence stock returns, while the operating cash flow variables, investment cash flows, funding cash flows do not affect stock returns.

Keywords: operating cash flow, investment cash flow, funding cash flow, accounting profit,
stock market value, and stock return.