PENGARUH LABA OPERASI DAN ARUS KAS OPERASI TERHADAP RETURN SAHAM DENGAN PROFITABILITAS SEBAGAI PEMODERASI

Hartenti, Nelci and Husaini, Husaini (2012) PENGARUH LABA OPERASI DAN ARUS KAS OPERASI TERHADAP RETURN SAHAM DENGAN PROFITABILITAS SEBAGAI PEMODERASI. Undergraduated thesis, Fakultas Ekonomi UNIB.

Text Skripsi Nelci.pdf - Bibliography Restricted to Registered users only Available under License Creative Commons GNU GPL (Software). Download (5MB)

Abstract

The purpose of this study was to determine (1) a positive influence on stock returns in operating income. (2) operating cash flow positive influence on stock returns. (3) the influence of operating earnings in explaining stock returns will be stronger when a high profitability. (4) the influence of operating cash flows in explaining stock returns will be stronger when a high profitability. Sampling in this study using purposive sampling method of manufacturing companies listed on the Indonesia Stock Exchange (BEI) from 2005 to 2010. Based on the criteria of the study sample obtained 65 companies and 390 observations. The research data was analyzed using moderated regression analysis with SPSS version 16.0. The results of linear regression test showed that the H1 operating income positive influence on stock returns, and H2 operating cash flow positive influence on stock returns. While the results of moderated regression analysis testing H3 denied that the variable operating income, profitability, and have a significant and negative interaction with the profitability of a pure moderator variable. H4 denied that the variable operating cash flow, profitability and positive interaction and not significant effect with profitability as homologizer.

Actions (login required)

View Item