The Effect of Corporate Social Responsibility Disclosure and Leverage on Share Prices with Profitability as Moderating


Authors : Rifda Rahmah Bamatraf; Abdul Hamid Habbe; Asri Usman

Volume/Issue : Volume 5 - 2020, Issue 11 - November

Google Scholar : http://bitly.ws/9nMw

Scribd : https://bit.ly/3gekGRr

This study aims to analyze the effect of corporate social responsibility disclosure and leverage on share prices with profitability as moderating. The research objects were all manufacturing companies that have been listed on the Indonesia Stock Exchange in the period 2016 to 2018. The data sample that met the criteria to be used as a research sample was 53 of 187 manufacturing companies listed on the IDX from 2016 to 2018. Thus, the total number of samples used as research objects from 2016-2018 was 148 samples. In analyzing the data, this study employed a Moderated Regression Analysis (MRA). The results of this study showed that companies that carried out comprehensive CSR disclosures did not affect increasing their share prices. In contrast, companies that had a high level of leverage had significantly decreased their share prices in the companies. However, this was different from companies that had a high level of profitability which have succeeded considerably in increasing the company’s share prices. Moreover, the results of the analysis of profitability as moderating in companies that carried out CSR disclosures, the share prices have decreased. This was in contrast to the results of the analysis of profitability as moderating on leverage, and there was an increase in share prices.

Keywords : CSR Disclosure, Leverage, Share Prices, Profitability.

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