PENGARUH KANDUNGAN INFORMASI KOMPONEN LAPORAN ARUS KAS, LABA KOTOR, DAN SIZE PERUSAHAAN TERHADAP EXPECTED RETURN SAHAM
(Survey Pada Industri Textile dan Automotive yang Terdaftar Di BEJ)
Performance measurements used by stockholders in investment decisions are profit and cash flow. Besides, investors also consider company financial characteristic. This research is conducted on company size to represent company financial characteristic because of differences in accounting data in some companies.
The research tests and builds emphirical evidence whether cash flow statement information, gross profit and company’s size influence significantly the expected return of company’s stock. Survey method is used to observe the research. Sample is taken from Automotive and Textile companies listed in Jakarta Stock Exchange by using purposive sampling method on the data of the Automotive and Textile companies listed before December, 31, 1998, that publish their audited cash flow statement in the year 1999 to 2004.
The result indicates that variable of investment cash flow, gross profit and company’s size influence expected return significantly, while variable of cash flow operation does not influence expected return significantly. The analysis does not include cash flow funding because of multicolinerity identification existed in classical assumption testing. Therefore, cash flow funding variable is not used in regression model.