Open AccessReaksi Investor Atas Relevansi Informasi Arus Kas Dan Laba Akrual pada Laporan Keuangan Perusahaan
Author(s) -
M. Imam Sundarta,
Azolla Degita Azis,
Anggita Citra Dewi
Publication year - 2021
Publication title -
jurnal ilmiah universitas batanghari jambi
Language(s) - English
Resource type - Journals
eISSN - 2549-4236
pISSN - 1411-8939
DOI - 10.33087/jiubj.v21i2.1516
Subject(s) - accrual , cash flow , stock exchange , business , earnings management , earnings , cash flow statement , operating cash flow , stock (firearms) , accounting , financial statement , earnings response coefficient , free cash flow , monetary economics , economics , financial system , finance , audit , mechanical engineering , engineering
This study aims to determine whether cash flows and accrual earnings affect on stock returns that contained information about investors reaction in manufacturing industries on the Indonesia Stock Exchange from the 2013-2017 period. This research is a quantitative study using secondary data in the form of financial reports. The data analysis technique used is multiple regression analysis. The results of this study indicate that the cash flow statement has no effect on stock returns, while accrual earnings have a positive effect on stock returns. This finding can be one of the additional literature in the field of financial accounting because investors see the earnings information contained in the income statement compared to the cash flow statement that is reflected in stock returns.