| Accounting profit and total cash flow is the main aspect reckoned by investors in making investment decisions. The study was done in order to investigate the effect of those aspects to the real estate company stock returns for the periode of 2007-2010. Research object are all the real estate company listed on the Indonesia Stock Exchange for the period of 2007-2010, published financial statements of the period, and have a data of the company's stock price at the end of the period. To analyze the data, this study used a multiple linear regression techniques which is supported by calculation of regression coefficients and multicollinearity by using SPSS software version 17.0. Based on the analysis, the results of this study have shown that the accounting profit and total cash flow has a positive influence on stock returns of the real estate company. It is shown by the calculation of the value of B in the multiple regression analysis. B value for the variable accounting profit is 0.126 and the value of B for a total cash flow variable is 0.034. Another result obtained is the accounting profit variables have a stronger influence than the total variable cash flows that visible from the Beta values obtained from the regression equation, which is 0.15 compared to 0.09. |