The Influence of Accounting Profits, Cash Flow Statements and Company Size on Stock Returns in Manufacturing Companies

Abstract

This research aims to investigate the impact of several factors on stock returns in manufacturing companies. The research employs a quantitative associative research method and utilizes a multiple regression sampling technique. The sample consists of 15 manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the period 2019-2022, totaling 60 data points from annual financial reports. The partial results of the research reveal that accounting profit and operating cash flow do not have a significant impact on stock returns. However, investment cash flow has a significant effect on stock returns, while financing cash flow and company size do not have a significant influence on stock returns. Overall, the research findings indicate that simultaneously, accounting profit, operating cash flow, investment cash flow, financing cash flow, and company size have a significant impact on stock returns in manufacturing companies. This study provides valuable insights into the factors influencing the stock performance of manufacturing companies and can serve as a guide for investors and decision-makers in managing their portfolios