Detail Karya Ilmiah

  • PENGARUH PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY TERHADAP HARGA SAHAM DAN INVESTOR INSITUSIONAL
    Penulis : Eklamsia Sakti
    Dosen Pembimbing I : Dr. Siti Musyarofah, S.E., M.Si.,AK.CA
    Dosen Pembimbing II :
    Abstraksi

    Judul penelitian ini adalah pengaruh pengungkapan Corporate Social Responsibility (CSR) terhadap harga saham dan investor institusional. Penelitian ini bertujuan untuk menguji pengaruh pengungkapan CSR terhadap harga saham dengan Earning Per Share (EPS), loss, dan Research and Development (R&D) sebagai variabel kontrol dan juga pengaruh pengungkapan Corporate Social Responsibility (CSR) terhadap proporsi kepemilikan institusional dengan liquidity sebagai variabel kontrol. Proporsi kepemilikan institusional menjadi alat ukur untuk investor institusional. Populasi penelitian ini adalah perusahaan non-keuangan yang terdaftar dalam Bursa Efek Indonesia (BEI) dari tahun 2012-2017. Sampel yang digunakan sebanyak 120 perusahaan yang diambil dengan teknik purposive sampling. Analisis data menggunakan analisis regresi linear berganda. Hasil penelitian hipotesis pertama bahwa pengungkapan CSR berpengaruh signifikan positif terhadap harga saham. Variabel kontrol EPS berpengaruh signifikan positif terhadap harga saham sedangkan variabel kontrol Loss dan R&D berpengaruh signifikan negatif terhadap harga saham. Hasil penelitian hipotesis kedua menunjukkan bahwa pengungkapan CSR berpengaruh signifikan negatif terhadap proprosi kepemilikan institusional. Variabel kontrol liquidity tidak berpengaruh signifikan terhadap proprosi kepemilikan institusional. Kata kunci : Pengungkapan CSR, EPS, loss, R&D, investor institusional, harga saham, proporsi kepemilikan institusional, liquidity

    Abstraction

    ABSTRACT The title of this study is the effect of disclosure of Corporate Social Responsibility (CSR) on stock prices and institutional investors. This study aims to examine the effect of disclosure of CSR on stock prices with Earning Per Share (EPS), loss, and Research and Development (R & D) as control variables and also the effect of disclosure of Corporate Social Responsibility (CSR) on the proportion of institutional ownership with liquidity as a control variable. The proportion of institutional ownership is a measure for institutional investors. The population of this study is non-financial companies listed on the Indonesia Stock Exchange (IDX) from 2012-2017. The sample used was 120 companies taken by purposive sampling technique. Data analysis used multiple linear regression analysis. The results of the first hypothesis study that CSR disclosure have a significant positive effect on stock prices. EPS control variables have a significant positive effect on stock prices while the Loss and R & D control variables have a significant negative effect on stock prices. The results of the second hypothesis study show that CSR disclosure has a significant negative effect on the proportion of institutional ownership. Liquidity control variables did not significantly influence the proportion of institutional ownership. Keywords: CSR, EPS, loss, R & D, institutional investors, stock prices, proportion of institutional ownership, liquidity

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