Analisis Kemampuan Laba, Good Corporate Governance (GCG) dan Arus Kas Operasi dalam Memprediksi Arus Kas Masa Depan

Abstract

ABSTRACT

This study aims to prove the ability of earnings, good corporate governance (GCG) and operating cash flow in predicting future cash flows. The study was conducted on several financial sector companies listed on the Indonesia Stock Exchange (IDX) 2018 - 2020. The population of 90 companies and a sample of 270 data came from 90 financial sector companies listed on the IDX for 3 years, 2018-2020. Collecting data through observation, literature study and online search. The data analysis method used linear regression analysis. The results of the study found that the ability of earnings to have a positive and significant effect on the prediction of future cash flows. It shows profit or profit as the profit that the company has contributed in predicting future cash flows. The higher the profit from the company, the better the sustainability of the company in obtaining future profits. GCG has a positive and significant effect on the prediction of future cash flows. A positive and significant GCG in predicting future cash flows indicates a good GCG implementation in a company but it is not enough with the role of an independent commissioner, the role of various aspects of GCG is also needed such as the role of the audit committee, remuneration committee and nominative committee. Operating cash flow has a positive and significant effect on the prediction of future cash flows. Operating cash flow as a reference that can be used to assess the company's ability to generate cash and cash equivalents and can be used to assess the company's need to use cash. The higher the company's operating cash flow, the higher the investor's confidence in the company in predicting future cash flows.

Keywords :      Profitability, Good Corporate Governance (GCG), Operating Cash Flow and Future Cash Flow Prediction.