Analisis Dampak Corporate Social Responsibility dan Price to Book Value pada Return Saham perusahaan Sektor Pertanian

Hairunika Dea Ananda; Asmadhini Handayani

doi:10.34001/jdeb.v21i1.3651

Analisis Dampak Corporate Social Responsibility dan Price to Book Value pada Return Saham perusahaan Sektor Pertanian

Hairunika Dea Ananda, Asmadhini Handayani

Abstract

The stock market experienced panic, but the agricultural sector showed positive growth compared to the other ten sectors, making it a favorable option for investment in the assessment of the stock market. The success of agricultural companies is closely linked to providing resources and support for CSR program activities. The objective of this study is to examine the impact of CSR (Corporate Social Responsibility) and PBV (Price to Book Value) on the share returns of agricultural companies listed on the Indonesian Stock Exchange between the years 2018 and 2020, either separately or simultaneously. The sampling technique employed was purposive sampling, which ultimately 12 companies were chosen for the study. The selected companies must have consistently reported financial reports from 2018 to 2020 and have been listed on IDX for at least 10 years. The research utilized a statistical method called multiple linear regression analysis. The findings of this research indicated that both corporate social responsibility (CSR) and performance-based valuation (PBV) did not significantly impact stock returns in agricultural sector companies, both individually and when combined. These results aligned with the criteria used for selecting the sample in this study

Keywords

Corporate Social Responsibility, Price Book Value, Perusahaan Pertanian, Return Saham

Full Text:

PDF

References

Badjuri, A., Jaeni, & Kartika, A. (2021). Peran Corporate Social Responsibility Sebagai Pemoderasi Dalam Memprediksi Profitabilitas Dan Ukuran Perusahaan Terhadap Agresivitas Pajak Di Indonesia: Kajian Teori Legitimasi. Jbe, 28(1), 1–19. https://www.unisbank.ac.id/ojs;

Damayanty, P., Djaddang, S., & Mulyadi. (2020). Analysis on the role of corporate social responsibility on company fundamental factor toward stock return (study on retail industry registered in indonesia stock exchange. International Journal of Business, Economics, and Law, 22(1), 34–43.

Fathony, M., Khaq, A., & Endri, E. (2020). The Effect of Corporate Social Responsibility and Financial Performance on Stock Returns. International Journal of Innovation, Creativity and Change. Www.Ijicc.Net, 13(1). www.ijicc.net

Komalasari, N., & Suartini, S. (2021). Pemgaruh PBV, NPM dan MVA terhadap Return Saham pada perusahaan sub sektor properti dan real estate di Bursa Efek Indonesia. Journal of Economic, Business and Accounting, 5(1), 723–732.

Kusmayadi, D., Rahman, R., & Abdullah, Y. (2018). ANALYSIS OF THE EFFECT OF NET PROFIT MARGIN, PRICE TO BOOK VALUE, AND DEBT TO EQUITY RATIO ON STOCK RETURN. International Journal of Recent Scientific Research, 9(7), 28091–28095. https://doi.org/10.24327/ijrsr.2018.0907.2392

Manurung, R. (2019). Analisis Corporate Social Responsibility (CSR) Terhadap Return Saham dan Nilai Perusahaan dengan Good Corporate Governance (GCG) Sebagai Pemoderating. Jurnal Keuangan Dan Bisnis, 17(1), 60. https://doi.org/10.32524/jkb.v17i1.461

Pandaya, P., Julianti, P. D., & Suprapta, I. (2020). PENGARUH FAKTOR FUNDAMENTAL TERHADAP RETURN SAHAM. JURNAL AKUNTANSI, 9(2), 233–243. https://doi.org/10.37932/ja.v9i2.156

Pertanian RI, K. (2019). PDB Sektor Pertanian Terus Membaik. https://www.pertanian.go.id/home/?show=news&act=view&id=3551

Pratama, I. G. S., & Idawati, I. A. A. (2019). Pengaruh Rasio Keuangan Terhadap Return Saham Pada Perusahaan Pertanian Di Bursa Efek Indonesia. Jurnal Lingkungan & Pembangunan, 3(1), 38–44.

Pratama, I. G. W., Suryandari, N. N. A., & Putra, G. B. B. (2021). Faktor-Faktor Penentu Return Saham Pada Perusahaan Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Kharisma, 3(2), 13–21.

Septaulia, D. M., & Jahja, J. (2018). ANALISIS KEGIATAN CORPORATE SOCIAL RESPONSIBILITY TERHADAP RETURN SAHAM PADA INDUSTRI PERTAMBANGAN INDONESIA PADA PERIODE 2010-2016. 2(1), 1–13.

Sevitiana, V., Malikah, A., & Junaidi. (2021). Pengaruh Persistensi Laba, Growth Opportunity, Capital Structure, Dan Corporate Social Responsibility Terhadap Return Saham. E-JRA, 10(07), 13–24.

Siregar, R., & Dewi, A. (2019). Analysis The Effect of Fundamental Financial Ratio of ROA, DER, CR, TATO And PBV on Stock Return of Plantation Sub Sector Industry at IDX 2014 – 2017. International Journal of Innovate Science and Research Technology, 4(7), 405–414.

Sitohang, S. (2021). Gambaran Pergerakan Indeks Sektoral dan IHSG di BEI pada masa pandemi covid-19. Jurnal Akuntansi, Keuangan & Perpajakan Indonesia, 19(1), 114–126.

Tandelilin, E. (2010). Portofolio dan Investasi (Pertama). Kanisius.

Winata, W. S., & Triyonowati. (2020). Pengaruh TATO, PBV, dan Size Terhadap Return Saham Perusahaan Sub Sektor Pertambangan Migas di BEI. Jurnal Ilmi Dan Riset Manajemen, 10(8), 1–15.

DOI: https://doi.org/10.34001/jdeb.v21i1.3651