ANALISIS PERUBAHAN NILAI TUKAR RUPIAH TERHADAP RETURN SAHAM MELALUI PERUBAHAN ARUS KAS DAN PERUBAHAN EARNING PER SHARE (EPS)

The objective of this study to analysis the changing of real exchange rate which stock return by changes of cash flow and earning per share in Jakarta Stock Exchange (JSX). There are 78 datas consist of rupiah exchange rate, cabs flow and earning per share; from 2000 until 2005. This study are use multiple regression analysis. . . Ther are four models used in this study. The result of this study are : modern I (EPS have positive and significant to CAR), models I! (cash flow has negative and signifikan to CAR), models III (rupiah exchange rate has negative and significant Lo EPS) and models IV (rupiah exchange rate have positive to cash flow).