PENGARUH PERENCANAAN PAJAK, ARUS KAS INVESTASI DAN FIRM SIZE TERHADAP RETURN SAHAM (STUDI EMPIRIS PADA PERUSAHAAN SEKTOR PROPERTY DAN REAL ESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2019 – 2023)

Abstract

This research aims to determine the effect of tax planning, cash flow and Firm Size on stock Returns. The population in this research is all companies in the Properties & Real Estate sector listed on the Indonesia Stock Exchange (BEI) in the 2019-2023 period, a total of 92 companies. The type of research used is quantitative. Sample selection was carried out based on the purposive sampling method with samples obtained from 9 companies. The data analysis technique used is statistical analysis and panel data regression. By processing the data using the e-views 10 program. The research results show that Tax Planning has no significant effect on Stock Returns. Investment Cash Flow has a significant negative effect on Stock Returns and Firm Size does not have a significant effect on Stock Returns. So Tax Planning, Investment Cash Flow, and Firm Size simultaneously influence Stock Returns.