Pengaruh Arus Kas Operasi Dan Struktur Modal Terhadap Return Saham Dengan Volatilitas Pasar Sebagai Variabel Moderasi

The capital market plays a crucial role in supporting economic growth by intermediating parties with excess funds with those requiring funds for productive activities. One of the main indicators of investment performance in the capital market is stock returns, which are the level of returns investors receive on their investments. Stock returns are influenced by various internal company factors and dynamic external market factors. This research is quantitative. It focuses on analyzing the effect of operating cash flow and capital structure on stock returns, with market volatility as a moderating variable in manufacturing companies in Indonesia. The results found that operating cash flow and capital structure influence stock returns. Market volatility moderates the effect of operating cash flow and capital structure on stock returns.