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Abstract
The purpose of this research is to measure the effect of Corporate Social Responsibility and debt ratio on stock price. This research is a quantitative one, which use purposive sampling as its method. The results showed that Corporate Social Responsibility has significant effect on stock price, Debt ratio has no significant effect on stock price. On the other hand, when they were tested simultaneously, it showed that the Corporate Social Responsibility and debt ratio have significant effect to stock price. Based on the results, managers who want to increase the price of shares through Corporate Social Responsibility are advised to do it by minimizing debt ratio.
Abstrak
Tujuan penelitian ini adalah untuk mengukur pengaruh pengungkapan Corporate Social Responbility dan debt ratio terhadap harga saham. Metode penelitian ini menggunakan kuantitatif dengan menggunakan Purposive Sampling sebagai penarikan sampel. Hasil penelitian ini menunjukan bahwa Corporate Social Responbility berpengaruh signifikan terhadap harga saham, sedangkan debt ratio tidak. Pengujian secara simultan menunjukan bahwa Corporate Social Responbility dan Debt Ratio secara signifikan berpengaruh terhadap harga saham. Dari hasil penelitian ini diharapkan para manajer yang ingin meningkatkan harga saham melalui Corporate Social Responbility dapat melakukannya dengan menurunkan tingkat hutang perusahaan.
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Copyright (c) 2023 Yunia Afiatin, Ella Ersyi Rosyida, Basuki Rachmat
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
References
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References
Sukasih A, Sugiyanto E. Pengaruh Struktur Good Corporate Governance Dan Kinerja Lingkungan Terhadap Pengungkapan Corporate Social Responsibility (Studi Pada Perusahaan Manufaktur di Bursa Efek Indonesia Periode 2011-2015). Ris Akunt Dan Keuang Indones 2017;2:121–31. doi10.23917/reaksi.v2i2.4894
Brigham F. E and JH. Dasar-Dasar Manajemen Keuangan. 11th ed. Jakarta: Salemba Empat; 2015.
Hariyanto J. Teori Portofolio dan Analisis Investasi. 11th ed.
Yogyakarta: 2017.
Mahadewi IGAAB, Candraningrat IR. Pengaruh Return On Asset, Earning Per Share, dan Debt Ratio Terhadap Harga Saham Pada
Perusahaan Indeks LQ-45 di Bursa Efek Indonesia. E-Jurnal Manaj 2014;3:3558–78. https://ojs.unud.ac.id/index.php/Manajemen/article/view/9975
Muiz HMA. Analisis Pengaruh Debt To Equity Ratio, Debt To Assets Ratio, Return On Equity dan Reaksi Pasar terhadap Harga Saham (Studi Empiris Pada Perusahaan LQ45 Yang Terdaftar Di BEI Tahun 20111-2015. Politeknik Negeri Malang, 2016.
Iqbal A, Raza H, Aslam MF, Mubeen M. Impact of Leverages on Share Price: Evidence from Cement Sector of Pakistan. Ind Eng Lett 2016;6:44–8.
Hamdani M. Hubungan pengungkapan Corporate Social Responbility Disclosure terhadap Kinerja Keuangan dan harga saham pada perusahaan LQ45. J Organ Dan Manaj 2014;10:27–36. http://ilp.ut.ac.id/index.php/JOM/article/view/338
Dewi NK. Analisis Pengaruh Corporate Social Responbility dan Debt To Equity Ratio (DER) Terhadap Harga Saham. Politeknik Negeri Malang, 2016.
Muller L, Wikstrom M. Corporate Social Responbility and Its Effect On Stock Price- A Comparison between different types of Corporate Social Responbility activities and its effect on America Firm’s Stock Price. Jonkoping University, 2016.
Fiori G, Di Donato F, Izzo MF. Corporate Social Responbility and Stock Prices: A Study On The Italian Market. Corp Ownersh Control 2015;12:600–9.
Sugiyono. Metode Penelitian Kuantitatif, Kualitatif dan R&D. Bandung: Alfabeta; 2015.
Bae SM, Masud MAK, Kim JD. A Cross-Country Investigation of Corporate Governance and Corporate Sustainability Disclosure: A Signalling Theory Perspective. Sustainability. MPDI 2018;10. https://doi.org/10.3390/su10082611
Freeman RE, Phillips RA. Stakeholder Theority: a liberalization defense. Bus Ethics Q 2002;12:331–49. https://doi.org/10.2307/3858020
Sari LA. Pengaruh EPS, DER, PBV, dan NPM Terhadap Harga Saham Perusahaan Properti. STIESIA
Surabaya, 2017.