(Peer Review + Document + Similarity) The Role of Return on Asset Mediation in Influencing Corporate Social Responsibility on Stock Returns in Manufacturing Companies

Achmad, Hasan Hafidzi and Nurul, Qomariah (2022) (Peer Review + Document + Similarity) The Role of Return on Asset Mediation in Influencing Corporate Social Responsibility on Stock Returns in Manufacturing Companies. Calitatea SRAC.

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Abstract

The condition of manufacturing companies that experienced a bad impact due to the weak value of operational activities resulted in a decrease in company profits so that the impact on the portion of corporate social responsibility disclosure was reduced. The Covid-19 pandemic has caused several manufacturing companies to be unable to generate profits that have been determined at the General Meeting of Shareholders (GMS) so that the return on investment is lower. This study aims to examine in depth the systematic risk that will affect stock returns in changing the relationship between investor sentiment, trading activity, market factors and stock return responses during the Covid 19 Pandemic. The population used in this study are manufacturing companies listed on the Indonesia Stock Exchange. as many as 169 companies. Of the 169 companies listed on the Indonesia Stock Exchange, there were 39 companies that were delisted during 2020 and 45 companies that did not have complete data on the required research variables, so the number of sample companies used was 85 companies. The data analysis technique uses Structural Equation Modeling (SEM) analysis with PLS smart software. The results of the study show that CSR has a negative effect on ROA with a significance level of 0.000. CSR has a positive effect on stock returns with a significance level of 0.000. ROA has a positive effect on Stock Return with a significance level of 0.000.

Item Type: Peer Review
Uncontrolled Keywords: CSR, ROA, Stock Return, manufacturing companies
Subjects: 300 Social Science
Divisions: Faculty of Economics > Department of Management (S1)
Depositing User: Dr. Nurul Qomariah
Contact Email Address: nurulqomariah@unmuhjember.ac.id
Date Deposited: 02 Mar 2022 04:02
Last Modified: 30 Dec 2022 06:35
URI: http://repository.unmuhjember.ac.id/id/eprint/13198

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