PENGARUH CORPORATE SOCIAL RESPONSIBILITY (CSR), GOOD CORPORATE GOVERNANCE (GCG), DAN UKURAN PERUSAHAAN TERHADAP RETURN SAHAM

Yusuf Taufiq Fakhrudin, Anny Widiasmara, Richo Diana Aviyanti

Abstract


The study aims to test and analyze the effects of CSR, GCG, and company size on stock returns. The research object is manufacturing companies listed on IDX 2019-2022 period. The research method is associative quantitative. The population consists of 271 manufacturing companies. Sampling was done using purposive sampling, resulting in a sample of 110 manufacturing companies on the IDX with 440 data observations. Data analysis was conducted using multiple linear regression in SPSS version 23. The results show that CSR and GCG have an impact on stock returns, while company size does not affect on stock return. This study is expected to serve as a reference for companies seeking to achieve high returns; they should allocate funds for CSR and have effective governance through managerial ownership, especially in companies with large assets.

Keywords: CSR, GCG, Firm Size, Stock Returns

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References


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