| Summary: | The information about stock return is required by investors in their
investment decisions. Investor with rational mind always wanted to get the
maximum return of investment with a certain risk. This research aimed to analyze
the impact of accounting earning, operating cash flow, investing cash flow,
financing cash flow, and macroeconomic variables that are oil price, exchange
rate, and gold price toward mining companies stock return in Indonesia Stock
Exchange.
Sample in the research were 11 mining companies which listed in
Indonesia Stock Exchange that were obtain by using purposive sampling method.
Data in this research were secunder data which provide by financial statement
from each companies, meanwhile macroeconomic variables data were provide by
some websites like yahoo.finance.com, lbma.org.uk, bi.go.id, and eia.gov.
Multiple linear regression with pooled data had been used to analyse data as
statistic method. Dependent variable in this reasearch was stock return, meanwhile
independent variables were a change in accounting earning, operating cash flow,
investing cash flow, financing cash flow, oil price, exchange rate, and gold price.
The finding of this research show that all independen variables have impact
toward stock return. Individually, from the seven independent variables that be
used in this research only investing cash flow, oil price, exchange rate, and gold
price have a statistically significant impact on stock return. Overall of the
independent variables could explain about 31,15 percent the variation of stock
return and the rest explained by other variables about 68,85 percent.
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