Open AccessACCRUAL DAN CASH FLOW OPERATING, PENGARUHNYA TERHADAP EXPECTED RETURN SAHAM
Author(s) -
Dellania Alifia Permata,
Sofie Sofie
Publication year - 2015
Publication title -
jurnal akuntansi trisakti (e-journal)
Language(s) - English
Resource type - Journals
ISSN - 2339-0832
DOI - 10.25105/jat.v2i2.4897
Subject(s) - accrual , cash flow , operating cash flow , stock (firearms) , econometrics , expected return , business , economics , finance , mechanical engineering , portfolio , earnings , engineering
This study aims to examine the effect of accrual and cash flow from operating for stock return expectation. It describes whether the information on accrual and cash flow from operating can be considered in assessing stock expected return. The data used in this study are secondary data taken from companies financial reports, Jakarta Composite Stock Price Index (IHSG), Individual Stock Price Index (IHSI), and Monthly Interest Rate (SBI).This study uses purposive sampling methods with six companies as sample from JII (Jakarta Islamic Index) for the period 2007-2013. Hypothesis testing uses panel regression with t test and F test. The result shows that accrual has a significant influence on stock expected return. Cash flow from operating also has a significant influence on stock expected return. Together, accrual and cash flow from operating, have significant influence stock expected return. Therefore it can be concluded that the information on accrual and cash flow from operating may benefit for investor to measure stock expected return.