PENGARUH CORPORATE SOCIAL RESPONSIBILITY DAN FINANCIAL DISTRESS TERHADAP RETURN SAHAM DENGAN DEWAN KOMISARIS INDEPENDEN SEBAGAI VARIABEL MODERASI

Nur Anisa Wahyu Puji Astutik, Anggita Langgeng Wijaya, Maya Novitasari

Abstract


The purpose of this study is to determine whether there is an influence of corporate social responsibility and financial distress on stock returns. And whether the independent board of commissioners as a moderating variable is able to moderate the influence of corporate social responsibility and financial distress variables on stock returns. The research technique used in determining the sample is purposive sampling with 193 observations in consumer goods companies for the period 2019 to 2024. The research method used is a quantitative approach using multiple linear regression analysis and the Moderate Regression Analysis (MRA) test, and using the assistance of the Microsoft Excel program and SPSS software version 26. The results of this study are that corporate social responsibility has an effect on stock returns, financial distress has an effect on stock returns, the independent board of commissioners variable is significantly unable to moderate the influence of corporate social responsibility and financial distress on stock returns.

Keywords: Corporate Social Responsibility, Financial Distress, Stock Return, Independent Board of Commissioners.

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