The Effect of Cash Flow on Stock Returns in Property and Real Estate Companies Listed on the Indonesia Stock Exchange

Authors

  • Suci Putri Astiti Politeknik Lembaga Pendidikan dan Pengembangan Profesi Indonesia (LP3I) Makassar, Indonesia
  • Sufardi Politeknik Lembaga Pendidikan dan Pengembangan Profesi Indonesia (LP3I) Makassar, Indonesia
  • Alfitha Putri Irfan Politeknik Lembaga Pendidikan dan Pengembangan Profesi Indonesia (LP3I) Makassar, Indonesia

DOI:

https://doi.org/10.61255/jeemba.v3i2.697

Keywords:

operating cash flow, investment cash flow, funding cash flow, stock returns

Abstract

This research aims to analyze the influence of cash flow on stock returns in property and real estate companies listed on the Indonesian Stock Exchange. This research method uses a quantitative approach. Hypothesis testing uses SPSS version 26 which consists of Cash Flow as the independent variable and Stock Returns as the dependent variable. The data collection technique is a purposive sampling technique. The population in this research is all Property and Real Estate companies listed on the Indonesia Stock Exchange, totaling 92 companies. Meanwhile, the sample in this study consisted of 5 companies that met the criteria. This research was conducted from June to July 2024. After data analysis, the research results show that the variable (X1) operating cash flow is (-13,581<1.75). This result shows that operating cash flow has a negative and significant effect on stock returns, meaning that H1 is rejected. The research results of the variable (X2) investment cash flow (39.644>1.75) show that investment cash flow has a positive effect on stock returns, meaning that H2 is accepted. And the research results of the variable (X3) funding cash flow (3.560>1.75) these results show that funding cash flow has a positive and significant effect on stock returns, meaning that H2 is accepted.

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Published

2025-05-31

How to Cite

Astiti, S. P., Sufardi, S., & Irfan, A. P. (2025). The Effect of Cash Flow on Stock Returns in Property and Real Estate Companies Listed on the Indonesia Stock Exchange. Journal of Economics, Entrepreneurship, Management Business and Accounting, 3(2), 78–90. https://doi.org/10.61255/jeemba.v3i2.697

Issue

Vol. 3 No. 2 (2025): Volume 3, Issue 2, May 2025

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Articles

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