EFFECT OF CORPORATE SOCIAL RESPONSIBILITY (CSR), EARNING PER SHARES (EPS), AND DEBT TO EQUITY RATIO (DER) DISCLOSURE ON RETURN OF SHARES IN FINANCIAL SECTOR COMPANIES LISTED ON INDONESIA STOCK EXCHANGE: PENGARUH PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY (CSR), EARNING PER SHARES (EPS), DAN DEBT TO EQUITY RATIO (DER) TERHADAP RETURN SAHAM PADA PERUSAHAAN SEKTOR KEUANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

Sartika  Nawangsari; Adam  Zakaria; Ati  Sumiati

doi:10.53067/ijebef.v1i2.16

Authors

Sartika Nawangsari Universitas Negeri Jakarta
Adam Zakaria Universitas Negeri Jakarta
Ati Sumiati Universitas Negeri Jakarta

DOI:

https://doi.org/10.53067/ijebef.v1i2.16

Keywords:

Corporate Social Responsibility , Earning Pers Shares , Debt to Equity Ratio , Stock Returns, CSR, EPS, DER

Abstract

This study aims to determine the influence disclosure of Corporate Social Responsibility (CSR), Earning Per Shares (EPS), and Debt to Equity Ratio (DER) on stock returns in financial sector companies listed on the Indonesia Stock Exchange in 2019. The method used in this study is a documentation study method with a quantitative approach. The population of this research is 106 companies, with 62 companies used as research samples using the purposive sampling technique. To obtain research data, secondary data is used by taking annual reports and financial statements of financial sector companies listed on the Indonesia Stock Exchange in 2019. The results showed that partially the Corporate Social Responsibility (CSR) variable did not affect stock returns. The Earning Per Shares (EPS) variable also has did not affect stock returns. The variable Debt to Equity Ratio (DER) has a significant effect on stock returns. Simultaneously the variables of CSR, EPS, and DER effect on stock returns of financial sector companies. Testing the coefficient of determination is 10.3%, while other factors outside the study influence the rest. This study concludes that there is an influence between the disclosure of Corporate Social Responsibility (CSR), Earning Per Shares (EPS), and Debt to Equity Ratio (DER) on stock returns in financial sector companies listed on the Indonesia Stock Exchange in 2019

Downloads

Download data is not yet available.

References

Atiqah, U. S. H. J. (2016). Pengaruh Pengungkapan Tanggung Jawab Sosial Perusahaan Terhadap Tingkat Pengembalian Saham. Jurnal Ilmu Akuntansi, 9(2), 215–230. https://doi.org/10.15408/akt.v9i2.4025

Dewi, G. A. K. R. S., & Vijaya, D. P. (2018). INVESTASI DAN PASAR MODAL INDONESIA (1st ed.). PT RajaGrafindo Persada.

Fahmi, I. (2014). Manajemen Keuangan Perusahaan dan Pasar Modal (Cetakan 1). Mitra Wacana Media.

Gunadi, G., & Kesuma, K. (2015). Pengaruh Roa, Der, Eps Terhadap Return Saham Perusahaan Food and Beverage Bei. E-Jurnal Manajemen Universitas Udayana, 4(6), 250234.

Gunawan, R. M. B. (2016). GRC (Good Governance, Risk Management, and Compliace) Konsep dan Penerapannya (1st ed.). PT RajaGrafindo Persada.

Hakim, A. (2016). Metode Kuantitatif Untuk Ilmu-ilmu Sosial (1st ed.). Inteligensia Media.

Halkos, G., & Nomikos, S. (2021). Corporate social responsibility: Trends in global reporting initiative standards. Economic Analysis and Policy, 69, 106–117. https://doi.org/10.1016/j.eap.2020.11.008

Hamdani. (2016). Good Corporate Governance, Tinjauan Etika dalam Praktik Bisnis. Mitra Wacana Media.

Handayati, R., & Zulyanti, N. R. (2018). Pengaruh Earning Per Share (Eps), Debt To Equity Ratio, (Der), Dan Return on Assets (Roa) Terhadap Return Saham Pada Perusahaan Manufaktur Yang Terdaftar Di Bei. Jurnal Manajemen, 3(1), 615. https://doi.org/10.30736/jpim.v3i1.143

Hardaningtyas, R. T., & Siswoyo, B. B. (2016). Pengaruh Kebijakan Deviden dan Corporate Social Responsibility (CSR) terhadap Return Saham pada Perusahaan LQ 45 Periode 2015. Jurnal Pendidikan : Teori, Penelitian, Dan Pengembangan, 1(4), 574–582.

Hidayat, M. (2018). Kata kunci: inventori,. Pengaruh Manajemen Pajak, Pertumbuhan Penjualan Dan Ukuran Perusahaan Terhadap Nilai Perusahaan Pada Perusahaan Manufaktur Di Bei Periode 2014-2016, 7(Desember), 78–91.

IDX. (n.d.). IDX Statistics.

Jatoi, M. Z., Shabir, G., Hamad, N., Iqbal, N., & Muhammad, K. (2014). A Regressional Impact of Earning per Share on Market Value of Share: A Case Study Cement Industry of Pakistan. International Journal of Academic Research in Accounting, Finance and Management Sciences, 4(4), 221–227. https://doi.org/10.6007/ijarafms/v4-i4/1323

Maharani, A. (2017). Pengaruh Corporate Social Responsibility Disclosure Terhadap Return Saham Pada Perusahaan Indeks LQ-45 Yang Listed Di Bursa Efek Indonesia (BEI). Jurnal Ilmiah Akuntansi Indonesia, 2(2), 57–75.

Maiyaliza. (2017). PENGARUH TOTAL ASSET TURN OVER (TATO) DAN EARNING PER SHARE (EPS) TERHADAP RETURN SAHAM PADA PERUSAHAAN FOOD AND BEVERAGE YANG TERDAFTAR DI BEI PERIODE 2012-2016. Jurnal Ilmu Keuangan Dan Perbankan, 7(1), 11–36.

Nugroho, L., & Anisa, N. (2018). Pengaruh Manajemen Bank Induk, Kualitas Aset, Dan Efisiensi Terhadap Stabilitas Bank Syariah Di Indonesia (Periode Tahun 2013-2017). Inovbiz: Jurnal Inovasi Bisnis, 6(2), 114. https://doi.org/10.35314/inovbiz.v6i2.833

Nurhidayati, H., & Prasetya, A. (2019). PENGARUH FAKTOR MAKROEKONOMI DAN FAKTOR FUNDAMENTAL TERHADAP RETURN SAHAM PERUSAHAAN YANG LISTING DI JAKARTA ISLAMIC INDEX PERIODE 2012-2016. Jurnal Ekonomi Syariah Teori Dan Terapan, 6(2), 214–227.

Panggau, N. dwi, & Septiani, A. (2017). Pengaruh Eco-Efficiency Terhadap Nilai Perusahaan Variabel Moderasi. Diponegoro Journal of Accounting, 6, 1–8.

Purwandari, D. (2018). Pengaruh price earning ratio, dividend yield, market to book ratio, return on equity, dan earning per share terhadap return saham pada industri manufaktur yang terdaftar di bursa efek indonesia. Jurnal Buana Akuntansi, 3(2), 16–41.

Putra, I. B. G. W., & Utama, I. M. K. (2015). Pengaruh Pengungkapan Corporate Social Responsibility dan Informasi Laba Akuntansi pada Return Saham. E-Jurnal Akuntansi Universitas Udayana, 1, 191–207.

Rois, M., Pandiya, P., & Diah K.S, N. M. (2019). Analisis Pengaruh Economic Value Added (EVA), Debt To Equity Ratio (DER), Return On Asset (ROA), dan Current Ratio (CR) terhadap Return Saham. JSHP : Jurnal Sosial Humaniora Dan Pendidikan, 3(2), 93–104. https://doi.org/10.32487/jshp.v3i2.529

Rukajat, A. (2018). Pendekatan Penelitian Kuantitatif, Quantitative Research Approach (1st ed.). DEEPUBLISH.

Saleh, T. (2018). Kinerja IHSG 2018, Terburuk dalam 3 Tahun. Www.Cnbcindonesia.Com.

Santoso, T. R. (2015). CSR Relasi Dinamis Antara Perusahaan Dengan Masyawakat Lokal (Kedua). UNPAD PRESS.

Septaulia, D. M., & Jahja, J. (2018). Analisis Kegiatan Corporate Social Responsibility Terhadap Return Saham Pada Industri Pertambangan Indonesia Pada Periode 2010-2016. Jurnal Muara Ilmu Ekonomi Dan Bisnis, 2(1), 1. https://doi.org/10.24912/jmieb.v2i1.1324

Sudaryana, B. (2018). Metode Penelitian Teori dan Praktek Kuantitatif & Kualitatif (1st ed.). DEEPUBLISH.

Sujata, N. K. A. P. D., & Badjra, I. B. (2020). Rasio Pasar, Profitabilitas Dan Likuiditas Berpengaruh Terhadap Harga Saham Pada Perusahaan Otomotif Dan Komponen. E-Jurnal Manajemen Universitas Udayana, 9(6), 2167. https://doi.org/10.24843/EJMUNUD.2020.v09.i06.p06

Supriantikasari, N., & Utami, E. S. (2019). PENGARUH RETURN ON ASSETS, DEBT TO EQUITY RATIO, CURRENT RATIO, EARNING PER SHARE DAN NILAI TUKAR TERHADAP RETURN SAHAM (Studi Kasus Pada Perusahaan Go Public Sektor Barang Konsumsi Yang Listing Di Bursa Efek Indonesia Periode 2015-2017). Jurnal Riset Akuntansi Mercu Buana, 5(1), 49. https://doi.org/10.26486/jramb.v5i1.814

Surono, Y., & Hadinata, A. (2020). Pengaruh Cash Ratio, Debt to Equity Ratio, dan Return On Assets Terhadap Return Saham dengan Nilai Tukar sebagai Variabel Moderating Pada Perusahaan Perkebunan yang Terdaftar di Bursa Efek Indonesia (BEI) Periode 2014-2018. J-MAS (Jurnal Manajemen Dan Sains), 5(1), 57. https://doi.org/10.33087/jmas.v5i1.149

Susilowati, E. M., & Nawangsasi, E. (2018). Pengaruh Current Ratio, Debt To Equity, Price Earning Ratio, Total Assets Turn Over Terhadap Return Saham Lq45. ProBank, 3(2), 43–51. https://doi.org/10.36587/probank.v3i2.378

Tandelilin, E. (2017). PASAR MODAL Manajemen Portofolio & Investasi. PT KANISISUS.

Watung, R., & Ilat, V. (2016). Pengaruh Return on Asset (Roa), Net Profit Margin (Npm), Dan Earning Per Share (Eps) Terhadap Harga Saham Pada Perusahaan Perbankan Di Bursa Efek Indonesia Periode 2011-2015. Jurnal Riset Ekonomi, Manajemen, Bisnis Dan Akuntansi, 4(2), 518–529. https://doi.org/10.35794/emba.v4i2.13108

Zulfikar. (2016). Pengantar Pasar Modal Dengan Pendekatan Statistika (1st ed.). DEEPUBLISH