Analisis Pengaruh Pertumbuhan Arus Kas, Laba Akuntansi dan Profitabilitas Terhadap Return Saham Pada Perusahaan LQ 45 di Bursa Efek Indonesia

Return is rate of return from investment value that given by investor, while risk is difference of expected return with realized return from the securities. The objectives of this research is to analyze the influence of cash flow growth (cashflow from operating, cash flow from investing, cash flow from financing), accounting profit and profitability (return on asset, return on equity, net profit margin) to stock return of LQ 45business campany in Indonesian Stock Exchange. eiher is partially and simultaneously.The population in this research which is all company of including in LQ 45 at August 2010 is counted 45 that listed in Indonesian Stock Exchange, and consistently always included in LQ 45 indeks computation during August 2005 until August 2010. Sample of this research consists of 20 companies Sampling technique in this research is purposive samplinganalyze technique that use in this research is multiple linear regressions.The result of this research show that, simultaneously, all independent variable have a significant influence to stock return, while result of examination by parsial show variable accounting profit, Return on Asset have a positive and significant influence to stock return and variable cash flow from operating and Return on Equity have a negative and significant influence to stock return. While cash flow from investing, cashflow from financing and Net Profit Margin didn’t have a significant influence to stock return. Result which not significant indicate that at time, less considering of variable cashflow from investing, cash flow from financing and Net Profit Margin. Coefficient determination equal to 22,7 % and the rest equal to 77,3 % cannot be explained in this research, So that still give space for the research next time to enhance other variables.