The effect of earning information, cash flow components, and financing decision on stock return: empirical evidence on Indonesia stock exchange

Mia Kasmiati, Perdana Wahyu Santosa

Abstract


Trading, Service, and Investment sectors show an important role on national economy and they have grown significantly during the past years and they have created  many job opportunities on both the formal sector and non-formal sector. This studye purposes to analyze the effect of net profit, operating cash flow, financing cash flow and investing cash flow  and, financing decisions on  stock’s return to push a better future prospect with financial management. Analysis wass done using the data panel regression with purposive sampling method on service sector at Indonesia Stock Exchange (IDX). It shows partially that  earning information, operating cash flow, financing cash flow affect stock return  positively significantly. However, investing cash flow and financing decision (proxy leverage) show negative effect on  stock’s return significantly. Simultenously, the variables above affect stock  return significantly. The implication of is that managment should pay more attention to financial factors especiallly net profit, cash flow, and leverage to incresae stock return and the company’s value.

Keywords


Return, net profit, cash flow, financing decision, trading, service, investment, IDX Keywords.

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DOI: http://dx.doi.org/10.14414/jebav.v22i2.1638

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