Title : Analysis of the Probability of Financial Distress as a Moderating Variable that Influences Stock Returns in Coal Companies (2018-2022)

Vol 6 No 12 (2023): Volume 06 Issue 12 December 2023

Article Date Published : 19 December 2023 | Page No.: 7877-7892 | Google Scholar | Crossref doi for this article

Abstract :

This research was conducted to examine and analyze the influence of operating activity cash flow, investing activity cash flow, financing activity cash flow, liquidity, and total asset turnover as independent variables on stock returns as the dependent variable, along with the ability of probability financial distress to moderate the relationship between the independent variable and the variable dependent. The research method in this research is quantitative research with panel data regression analysis using the EViews application. The research object in this study is coal companies listed on the Indonesia Stock Exchange for the 2018-2022 period. The sampling technique used purposive sampling and found 130 observations. The research results show that operating activity cash flow has a positive effect on stock returns. Meanwhile, investing activity cash flow, financing activity cash flow, liquidity, and total asset turnover have no effect on stock returns. The probability of financial distress is unable to moderate the relationship between operating activity cash flow, investing activity cash flow, financing activity cash flow, liquidity, and total asset turnover with stock returns.

Keywords :

Financing Activity Cash Flow, Investing Activity Cash Flow, liquidity, Operating Activity Cash Flow, Stock Return, Total Asset Turnover.

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Author's Affiliation

   Devina Loman
Faculty of Economics and Business, North Sumatra University, Medan

   Erlina .
Faculty of Economics and Business, North Sumatra University, Medan

   Khaira Amalia Fachrudin
Faculty of Economics and Business, North Sumatra University, Medan

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Devina Loman, Erlina ., Khaira Amalia Fachrudin, 2023

This work is licenced under a Creative Commons Attribution 4.0 International License.

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Analysis of the Probability of Financial Distress as a Moderating Variable that Influences Stock Returns in Coal Companies (2018-2022). Devina Loman, Erlina, Khaira Amalia Fachrudin , 6(12), 7877-7892. Retrieved from https://ijcsrr.org/single-view/?id=13884&pid=13554

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