International Journal For Multidisciplinary Research

E-ISSN: 2582-2160     Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 6 Issue 3 May-June 2024 Submit your research before last 3 days of June to publish your research paper in the issue of May-June.

Corporate Social Responsibility and Stock Price Reactions

Author(s) Siti Mufadlilah, Dewi Sriani
Country Indonesia
Abstract This research aims to investigate the impact of CSR disclosure on share prices, mediated by profitability. This research uses a quantitative method and gathering secondary data from OSIRIS and Company Sustainability Reports on the Indonesia Stock Exchange (BEI) website, as well as relevant company websites. This study's sample consists of 99 mining companies from 2018 to 2022. To determine the indirect effect of the mediating variable, this study used multiple regression analysis using the IBM SPSS and the Sobel test. The findings show that CSR Disclosure has no significant effect on share prices due to the low proportion of CSR disclosures in the company's sustainability report. Meanwhile, CSR Disclosure has a significant negative effect on profitability, and profitability has a significant positive effect on share prices. Profitability can mediate the relationship between CSR Disclosure and share prices.
Keywords CSR disclosure, Stock Price, Profitability
Field Business Administration
Published In Volume 6, Issue 3, May-June 2024
Published On 2024-05-20
Cite This Corporate Social Responsibility and Stock Price Reactions - Siti Mufadlilah, Dewi Sriani - IJFMR Volume 6, Issue 3, May-June 2024. DOI 10.36948/ijfmr.2024.v06i03.20349
DOI https://doi.org/10.36948/ijfmr.2024.v06i03.20349
Short DOI https://doi.org/gtvt2c

Share this