ANALISIS PENGARUH LIKUIDITAS, PROFITABILITAS DAN CORPORATE SOCIAL RESPONSIBILITY TERHADAP STOCK RETURNS

This research is a quantitative research. The population in this study is companies owned by state-owned companies listed on the Indonesia Stock Exchange for the period 2013-2018, amounting to 20. Sample selection using purposive sampling techniques and obtained 16 companies as research samples. The type of data used is secondary data. The method of library research or library research and documentation is used as a data collection technique. Data analysis methods used in this research are descriptive statistical analysis, classic assumption test, and hypothesis testing. Data is processed with IBM SPSS Version 22.0 for windows. Based on the results of the study indicate that the variable Net Profit Margin, Return on Equity, and Corporate Social Responsibility have a significant and significant effect on stock returns. Meanwhile, the variable Return on Assets and Price Earning Ratio has no effect on stock returns. The value of the determinant coefficient (R2) produced was 0.444 or 44.4%. This shows that the Net Profit Margin, Return on Equity, and Corporate Social Responsibility variables affect the stock returns of state-owned enterprises listed on the Indonesia stock exchange in the 2013-2018 period that is equal to 44.4%, while the remaining 55.6% is influenced by variables other than research.

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APAKAH GOOD CORPORATE GOVERNANCE DAN CORPORATE SOCIAL RESPONSIBILITY BERPENGARUH TERHADAP PROFITABILITAS PERUSAHAAN LQ45?

Jurnal Ilmiah Akuntansi dan Bisnis ◽

10.38043/jiab.v4i1.2145 ◽

2019 ◽

Vol 4 (1) ◽

pp. 14

Author(s):

Novia Eka Sariantono ◽

Luh Putu Mahyuni

Keyword(s):

Corporate Governance ◽

Corporate Social Responsibility ◽

Social Responsibility ◽

Stock Exchange ◽

Secondary Data ◽

Listed Companies ◽

Annual Reports ◽

Return On Equity ◽

Good Corporate Governance ◽

Corporate Social

Do Good Corporate Governance and Corporate Social Responsibility Influence Profitability of LQ45 Listed Companies. This study aims to examine the influence of good corporate governance and corporate social responsibility on profitability of LQ45 listed companies in Indonesia Stock Exchange. The data analyzed were secondary data in the form of annual reports and sustainability report. The data were analyzed using multiple linear regression. The results of this research indicate: (1) Good corporate governance (GCG) has a significant effect on profitability of LQ45 listed companies; (2) Corporate social responsibility (CSR) does not have a significant effect on profitability of LQ45 listed companies. This research provides empirical evidence that implementation of GCG could influence profitability, while the implementation of CSR does not influence profitability. Keywords: Good corporate governance, corporate social responsibility, independent commissioner board, corporate social responsibility, disclosure index, return on equity

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Analisis Rasio Keuangan dan Laporan Corporate Social Responsibility Perusahaan Go Public di Indonesia

Jurnal Riset Akuntansi & Perpajakan (JRAP) ◽

10.35838/jrap.2018.005.02.12 ◽

2018 ◽

Vol 5 (02) ◽

pp. 131-143

Author(s):

Yuana Mandagie ◽

Rafrini Amyulianthy ◽

Shanti Lysandra ◽

Ari Pratiwi

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Stock Exchange ◽

Profit Margin ◽

Company Size ◽

Manufacturing Companies ◽

Net Profit ◽

Equity Ratio ◽

Csr Disclosure ◽

Corporate Social

ABSTRACT Many factors that influence Corporate Social Responsibility (CSR) disclosure from a company.Therefore, the purpose of this research is to know about the influence of profitability ratios, company size ratios, and leverage ratios to CSR reports on mining companies and manufacturing companies of basic and chemical industry sectors listed in Indonesia Stock Exchange for the 2016 period. This research is a quantitative research that uses 56 companies listed in BEI in 2016 as purposively selected samples. The results of the study found that financial ratios of profitability proxied with Net Profit Margin (NPM)and leverage proxied on Debt to Equity Ratio (DER) partially did not affect the disclosure of CSR. While company size has effect on CSR disclosure. ABSTRAK Banyak faktor yang memengaruhi pengungkapan Corporate Social Responsibility (CSR) dari suatu perusahaan. Oleh karena itu, tujuan penelitian tentang analisis rasio keuangan dan laporan CSR perusahaan go public di Indonesia adalah untuk mengetahui tentang pengaruh rasio profitabilitas, rasio ukuran perusahaan, dan rasio leverageterhadap laporan CSR pada perusahaan pertambangan dan perusahaan manufaktur sektor industri dasar dan kimia yang terdaftar di Bursa Efek Indonesia periode 2016. Penelitian ini merupakan penelitian kuantitatif yang menggunakan 56 perusahaan yang terdaftar di BEI pada tahun2016 sebagai sampel yang terpilih secara purposive.Hasil penelitian ditemukan bahwa rasio keuangan profitabilitas yang diproksikan dengan Net Profit Margin (NPM)dan leverage yang diproksikan pada Debt to Equity Ratio (DER) secara parsial tidak berpengaruh terhadap pengungkapan CSR. Sedangkan ukuran perusahaan berpengaruh terhadap pengungkapan CSR. JEL Classification: M14, Q56

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PENGARUH PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY TERHADAP FINANCIAL PERFORMANCE PADA PERUSAHAAN PERTAMBANGAN YANG TERDAFTAR DI BEI PERIODE 2012-2014

CALYPTRA ◽

10.24123/jimus.v5i2.3084 ◽

2017 ◽

Vol 5 (2) ◽

pp. 181

Author(s):

Monica Monica ◽

Gregorius Rudy Antonio

Keyword(s):

Regression Analysis ◽

Corporate Social Responsibility ◽

Social Responsibility ◽

Financial Performance ◽

Stock Exchange ◽

Profit Margin ◽

Social Responsibilities ◽

Mining Companies ◽

Net Profit ◽

Corporate Social

ABSTRAK - Tujuan dari penelitian ini adalah untuk mengetahui pengaruh dari PengungkapanCorporate Social Responsibility terhadap kinerja keuangan perusahaan yang diproksikan oleh Return on Asset (ROA) dan Net Profit Margin (NPM). Penelitian ini termotivasi dari banyaknya perbedaan pada hasil penelitian sebelumnya. Penelitian ini menggunakan pendekatan kuantititatif dengan metode analisis regresi linier sederhana. Populasi yang digunakan dalam penelitian ini adalah seluruh perusahaan pertambanagan yang terdaftar di Bursa Efek Indonesia periode 2012-2014, sedangkan sampel yang digunakan dalam penelitian ini dipilih secara purposive judgment sampling menurut kriteria. Sampel yang dikumpulkan dalam penelitian ini sebanyak 99 perusahaan. Hasil penelitian ini menunjukkan pengungkapan CSR berpengaruh signifikan terhadap ROA perusahaan pertambangan, namun tidak berpengaruh signifikan terhadap NPM perusahaan pertambangan. Kata Kunci: Corporate Social Responsibility(CSR), Return on Asset (ROA), Net Profit Margin (NPM) ABSTRACT - This study aimed to determine the effect of the Corporate Social Responsibility Disclosures to financial perfomances proxied by Return on Asset (ROA) and Net Profit Margin (NPM).This research established from many differences in results of previous studie and using simple linier regression analysis. The population in this study are all mining companies listed in Indonesia Stock Exchange (IDX) in 2012-2014, while samples used in this the study were selected by purposive sampling. Samples collected in this studies were 99 companies. the results show Corporate Social Responsibilities (CSR) Disclosures had significant effect Return on Asset (ROA) and had no significant effect on Net Profit Margin (NPM). Keywords: Corporate Social Responsibility(CSR), Return on Asset (ROA), Net Profit Margin (NPM)

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CORPORATE SOCIAL RESPONSIBILITY (CSR): PROFIT SEEKING OR SOCIAL ACTIVITY?

Jurnal Akuntansi Bisnis ◽

10.30813/jab.v13i2.2144 ◽

2020 ◽

Vol 13 (2) ◽

Author(s):

Nia Hariana ◽

Arthik Davianti

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Financial Performance ◽

Stock Exchange ◽

Social Activity ◽

Secondary Data ◽

Return On Equity ◽

Moderating Variables ◽

Corporate Social ◽

A Company

<h1>ABSTRACT: A company is required to do the Corporate Social Responsibility (CSR) as a form of responsibility to the stakeholders. In general, CSR activities give several impacts on companies and also the surrounding environment or residents. Companies tend to spend a high CSR expenditure with a possibility to influence their profit but some argue that CSR expenditure is related to companies’ social objectives. The research was conducted with the aim to analyze the effect of CSR on future financial performance and corporate social activity. The data of the research uses secondary data through the annual report and financial report of consumer goods manufacturing industries that registered in the Indonesia Stock Exchange. The result of the research showed that CSR expenditure has no significant effect on future financial performance. However, the company will still report their CSR expenditure as a signal to the users of financial statements. Further, the result of this study shows that CSR expenditure has a significant effect on social activities. This research can be used by shareholders, investors, and other companies in choosing a company with a good image seen from their CSR to work with. Afterward, further research is expected to use other moderating variables such as Return on Equity (ROE) or Earning per Share (EPS) in measuring the relationship of CSR and financial performance.</h1> Keywords: Corporate social responsibility, future financial performance, corporate social activity. ABSTRAK: Sebuah perusahaan wajib melakukan Tanggung Jawab Sosial Perusahaan sebagai bentuk tanggung jawab kepada para pemangku kepentingan. Secara umum, kegiatan Tanggung Jawab Sosial Perusahaan memberikan beberapa dampak bagi perusahaan dan juga lingkungan atau atau masyarakat sekitar. Perusahaan cenderung mengeluarkan pengeluaran atas Tanggung Jawab Sosial Perusahaan dengan cukup tinggi dengan harapan dapat mempengaruhi keuntungan perusahaan. Akan tetapi, beberapa berpendapat bahwa pengeluaran dari Tanggung Jawab Sosial Perusahaan berhubungan dengan tujuan sosial perusahaan. Penelitian ini dilakukan dengan tujuan untuk menganalisis pengaruh Tanggung Jawab Sosial Perusahaan terhadap kinerja keuangan masa depan dan aktivitas sosial perusahaan. Data penelitian menggunakan data sekunder melalui laporan tahunan dan laporan keuangan industri manufaktur barang konsumsi yang terdaftar di Bursa Efek Indonesia (BEI). Hasil penelitian menunjukkan bahwa pengeluaran atas Tanggung Jawab Sosial Perusahaan tidak berpengaruh signifikan terhadap kinerja keuangan masa depan perusahaan. Meski demikian, perusahaan tetap akan melaporkan pengeluaran atas Tanggung Jawab Sosial Perusahaan sebagai sinyal bagi pengguna laporan keuangan. Lebih lanjut, hasil penelitian ini menunjukkan bahwa pengeluaran atas Tanggung Jawab Sosial Perusahaan berpengaruh signifikan terhadap kegiatan sosial perusahaan. Penelitian ini dapat digunakan oleh pemegang saham, investor, dan perusahaan lain dalam memilih perusahaan dengan citra yang baik dilihat dari Tanggung Jawab Sosial Perusahaan untuk kepentingan menjalin kerjasama. Selanjutnya penelitian berikutnya diharapkan dapat menggunakan variabel moderasi lain seperti laba atas ekuitas atau penghasilan per saham dalam mengukur hubungan Tanggung Jawab Sosial Perusahaan dan kinerja keuangan perusahaan. Kata kunci: Tanggung jawab sosial perusahaan, kinerja keuangan masa depan, aktivitas sosial perusahaan.

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PENGARUH CORPORATE SOCIAL RESPONSIBILITY TERHADAP PROFITABILITAS PERUSAHAAN (Studi Empiris pada Perusahaan Sektor Industri Barang Konsumsi yang Terdaftar di Bursa Efek Indonesia Tahun 2010-2013)

Nominal Barometer Riset Akuntansi dan Manajemen ◽

10.21831/nominal.v4i2.8002 ◽

2016 ◽

Vol 4 (2) ◽

Author(s):

Anggara Satria Putra

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Partial Least Square ◽

Least Square ◽

Profit Margin ◽

P Value ◽

Return On Equity ◽

Ex Post ◽

Net Profit ◽

Corporate Social

Abstrak: Pengaruh Corporate Social Responsibility Terhadap Profitabilitas Perusahaan (Studi Empiris pada Perusahaan Sektor Industri Barang Konsumsi yang Terdaftar di Bursa Efek Indonesia Tahun 2010-2013). Penelitian ini bertujuan untuk: 1) Mengetahui pengaruh Corporate Social Responsibility (CSR) terhadap profitabilitas perusahaan yang diukur dengan ROA pada perusahaan industri barang konsumsi yang terdaftar di BEI tahun 2010-2013. 2) Mengetahui pengaruh CSR terhadap profitabilitas perusahaan yang diukur dengan ROE pada perusahaan industri barang konsumsi yang terdaftar di BEI tahun 2010-2013. 3) Mengetahui pengaruh CSR terhadap profitabilitas perusahaan yang diukur dengan NPM pada perusahaan industri barang konsumsi yang terdaftar di BEI tahun 2010-2013. Penelitian ini merupakan penelitian kausal komparatif dengan pendekatan ex post facto. Sampel diambil menggunakan teknik purposive sampling. Sampel berjumlah 18 perusahaan dari 37 perusahaan industri barang konsumsi yang terdaftar di BEI pada periode 2010-2013, sehingga data penelitian yang dianalisis berjumlah 72 data. Teknik analisis data yang digunakan dalam penelitian ini adalah analisis Structural Equation Modelling-Partial Least Square(SEM-PLS) dengan bantuan program WarpPls 3.0. Hasil penelitian ini menunjukkan bahwa: 1) Terdapat pengaruh positif dan signifikan CSR terhadap Profitabilitas perusahaan yang diukur dengan Return on Asset (ROA) pada perusahaan industri barang konsumsi yang terdaftar di BEI pada tahun 2010-2013 yang ditunjukkan dengan nilai path coeffisien 0,17 dan nilai p-value sebesar0,02. 2) Terdapat pengaruh positif, namun tidak signifikan CSR terhadap Profitabilitas perusahaan yang diukur dengan Return on Equity (ROE) pada perusahaan industri barang konsumsi yang terdaftar di BEI pada tahun 2010-2013 yang ditunjukkan dengan nilai path coeffisien yang positif yaitu sebesar0,13, dan memiliki nilai p-value yaitu sebesar 0,26. 3) Terdapat pengaruh positif dan signifikan CSR terhadap Profitabilitas perusahaan yang diukur dengan Net Profit Margin (NPM) pada perusahaan industri barang konsumsi yang terdaftar di BEI pada tahun 2010-2013 yang ditunjukkan dengan nilai path coeffisien 0,16 dan nilai p-value sebesar0,03. Kata kunci: Corporate Social Responsibility (CSR), Return on Asset (ROA), Return On Equity (ROE), Net Profit Margin (NPM)

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Analisis Rasio Keuangan dan Laporan Corporate Social Responsibility Perusahaan Go Public di Indonesia

Jurnal Riset Akuntansi & Perpajakan (JRAP) ◽

10.35838/jrap.v5i02.180 ◽

2018 ◽

Vol 5 (02) ◽

pp. 131-143

Author(s):

Yuana Mandagie ◽

Rafrini Amyulianthy ◽

Shanti Lysandra ◽

Ari Pratiwi

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Stock Exchange ◽

Profit Margin ◽

Company Size ◽

Manufacturing Companies ◽

Net Profit ◽

Equity Ratio ◽

Csr Disclosure ◽

Corporate Social

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Analisis Pengaruh Corporate Social Responsibility Terhadap Return Saham Dengan ROE Sebagai Variabel Moderating Pada Indeks LQ-45.

Al-KALAM JURNAL KOMUNIKASI, BISNIS DAN MANAJEMEN ◽

10.31602/al-kalam.v8i1.4160 ◽

2021 ◽

Vol 8 (1) ◽

pp. 81

Author(s):

Nofimbi Fitriani ◽

Ali Sadikin ◽

Amalia Wahyuni

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Stock Returns ◽

Negative Impact ◽

Stock Exchange ◽

Descriptive Analysis ◽

Total Sample ◽

Stock Index ◽

Return On Equity ◽

Corporate Social

This research type is a causality with the aim of analyzing the effect of Corporate Social Responsibility on stock returns with profitability as a moderating variable on the LQ-45 Stock Index during the 2013-2017 period. The research population is all companies listed in the LQ-45 Index on the Indonesia Stock Exchange during 2013-2017. The sampling using purposive sampling method with a total sample of 23 companies. Data of this research is quantitative type with data analysis techniques consisting of descriptive analysis, testing classic assumptions, moderating regression analysis, and testing hypotheses. The results showed that there was a significant positive effect on testing the effect of Corporate Social Responsibility on Stock Returns. While the high or low profitability (Return on Equity) is considered unable to moderate the influence of Corporate Social Responsibility on Stock Returns because of the large expenditure incurred for Corporate Social Responsibility can have a negative impact on business operations that will reduce the level of profitability obtained by the investor.

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The Effect of Fundamental Factor Analysis on Blue Chips Stock Returns on the Indonesia Stock Exchange

Journal of Management Science (JMAS) ◽

10.35335/jmas.v4i2.104 ◽

2021 ◽

Vol 4 (2) ◽

pp. 43-52

Author(s):

Putri Rosarindah Lubis

Keyword(s):

Stock Returns ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Secondary Data ◽

Profit Margin ◽

Dividend Payout ◽

Return On Equity ◽

Book Value ◽

Net Profit ◽

Equity Ratio

The purpose of this study was to determine the effect of fundamental analysis consisting of price earning ratio, net profit margin, price to book value, return on equity, debt to equity ratio, and dividend payout ratio on stock returns on blue chips on the Indonesia Stock Exchange. The research method used is multiple linear regression analysis method, and hypothesis testing is done by testing the significance of the effect simultaneously (simultaneously) using the F-test and testing the significance of the partial effect using the t-test. This study uses secondary data in the form of financial statements of companies listed in blue chips on the Indonesia Stock Exchange in 2005–2007. The results showed that simultaneously (simultaneously) operational effectiveness (price earning ratio, net profit margin, price to book value, return on equity, debt to equity ratio, and dividend payout ratio) have a significant effect on stock returns. Partially there is a negative and significant effect between the price earning ratio on stock returns. Partially there is no significant effect between net profit margin on stock returns. Partially there is no significant effect between price to book value on stock returns. Partially there is a positive and significant effect between return on equity on stock returns. Partially there is a positive and significant effect between debt to equity ratio on stock returns. Partially there is a positive and significant effect between the dividend payout ratio on stock returns.

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PENGARUH CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE (CSRD) TERHADAP RASIO PROFITABILITAS DAN EARNING RESPONSE COEFFICIENT (ERC)

Jurnal Akuntansi ◽

10.33369/j.akuntansi.7.3.1-16 ◽

2019 ◽

Vol 7 (3) ◽

pp. 1-16 ◽

Cited By ~ 1

Author(s):

Desra Tulhasanah ◽

Nikmah Nikmah

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Stock Exchange ◽

Asset Return ◽

Return On Equity ◽

Corporate Social Responsibility Disclosure ◽

Response Coefficient ◽

Net Profit ◽

Corporate Social ◽

Positive Effect

The focus of this study was to examine the effect of Corporate Social Responsibility Disclosure (CSRD) incompany’s annual report on Profitability Ratio and Earning Response Coefficient (ERC). The population of thisresearch is manufacturing firms listed in Indonesia Stock Exchange during 2013-2016. This is a quantitativeresearch which the data are analyzed by using multiple linier regression method. Profitability ratio, which in thiscase assessed by proxy Return On Asset, Return On Equity and Net Profit Margin. The result of this research provethat CSRD has significant positive effect on ROA and ROE. Beside, CSRD doesn’t influence NPM and ERC.Therefore, this research was examine the effect of CSRD on profitability ratio and ERC with size and leverage ascontrol variable.Keywords: Corporate Social Responsibility Disclosure (CSRD), Return On Asset, Return On Equity, Net ProfitMargin, Earning Response Coefficient, Size, Leverage.

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PENGARUH CORPORATE SOCIAL RESPONSIBILITY TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL MODERATING (Studi Empiris pada Perusahaan Manufaktur Sektor Property dan Real Estate yang terdaftar di Bursa Efek Indonesia Tahun 2011 – 2015 )

JEA17: Jurnal Ekonomi Akuntansi ◽

10.30996/jea17.v3i01.3176 ◽

2018 ◽

Vol 3 (01) ◽

Author(s):

Yensi Febya Apriyani ◽

Dewi Sutjahyani

Keyword(s):

Corporate Social Responsibility ◽

Real Estate ◽

Social Responsibility ◽

Firm Value ◽

Linear Regression Analysis ◽

Profit Margin ◽

Coefficient Of Determination ◽

Return On Equity ◽

Net Profit ◽

Corporate Social

ABSTRACT The purpose of this research is to analyze (1) The influence of CorporateSocial Responsibility (CSR) to firm value. (2) Profitability moderatinginfluence on the relationship of Corporate Social Responsibility (CSR) to firmvalue. The population used in this research is a manufacturing company sectorproperty and real estate sector listed in Indonesia Stock Exchange (IDX) years2011-2015. The sample was 11 companies using purposive samplingmethod.Data analysis techniques include (1) Descriptive Statistics (2) ClassicAssumption Test: Normality, Multikolinierity, Heteroskedastisity andAutocorrelation (3) Multiple Linear Regression Analysis (4) Goodness of FitTest : (a) The Coefficient of Determination (b) Statistic Test F (5) Hypothesistest using Test Statistic t. The results of this research showed that (1)Corporate Social Responsibility (CSR) influence negative and significant tofirm value. (2) Profitability in this research is proxied by Net Profit Margin(NPM), Return on Assets (ROA) and Return On Equity (ROE) : (a)Profitability is proxied by Net Profit Margin (NPM) able to moderate theinfluence of relationship Corporate Social Responsibility (CSR) to corporatevalue is profitability weaken the influence of relationship Corporate SocialResponsibility (CSR) to firm value (b) Profitability is proxied by Return onAssets (ROA) was not able to moderate the influence of relationshipCorporate Social Responsibility (CSR) to firm value (c) Profitability isproxied by Return On Equity (ROE) was not able to moderate the influenceof relationship Corporate Social Responsibility (CSR) to firm value.Keywords : Corporate Social Responsibility, Profitability, Firm Value

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