PENGARUH PERUBAHAN ARUS KAS OPERASI, LIKUIDITAS DAN UKURAN PERUSAHAAN TERHADAP RETURN SAHAM PADA PERUSAHAAN MANUFAKTUR SUB SEKTOR OTOMOTIF DAN KOMPONEN YANG TERDAFTAR DI BURSA EFEK INDONESIA (2014-2018)

Abstract

The automotive industry is one of the mainstay sectors that continues to be prioritized for its development because it has a large role in the growth of the national economy. and the automotive industry continues to experience a good increase, especially in Indonesia. This study aims to examine the effect of changes in operating cash flow, liquidity and company size on stock returns in automotive sub sector manufacturing companies and components listed on the Indonesian stock exchange in the 2014-2018 period. A total of 5 sample data were tested using classical assumptions, using multiple regression analysis techniques. The results showed that changes in operating cash flow partially affect stock returns, liquidity partially does not affect stock returns, company size partially does not affect stock returns, and changes in operating cash flow, liquidity and company size simultaneously affect stock returns .