Effect of Corporate Social Responsibility Disclosures and Financial Information Against Abnormal Return (Empirical studies on food and beverage sub-sector manufacturing Companies listed on the Indonesia Stock Exchange for the period 2013 - 2017)
This study aims to find empirical evidence of the effect of disclosure of corporate social responsibility and financial information proxied by accounting profits and return on assets to abnormal returns in food and beverage sub-sector manufacturing companies. The population in this study are all com...
| Main Authors: | , |
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| Format: | Article |
| Language: | Indonesian |
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Universitas 17 Agustus 1945 (UNTAG) Semarang
2019-01-01
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| Series: | Media Ekonomi dan Manajemen |
| Online Access: | http://jurnal.untagsmg.ac.id/index.php/fe/article/view/935 |
| Summary: | This study aims to find empirical evidence of the effect of disclosure of corporate social responsibility and financial information proxied by accounting profits and return on assets to abnormal returns in food and beverage sub-sector manufacturing companies. The population in this study are all companies whose shares are consistently incorporated in the food and beverage sub-sector during the study period. The data used is secondary data in the form of annual reports. The statistical test used to test the hypothesis is panel data regression with a random effect model.
The results of this study indicate that disclosure of corporate social responsibility has a negative and insignificant effect on abnormal returns, accounting earnings have a negative and insignificant effect on abnormal returns and return on assets have a positive and significant effect on abnormal returns.
Keywords: corporate social responsibility, accounting profit, return on assets and abnormal return. |
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| ISSN: | 0854-1442 2503-4464 |