The Effect of CSR and Liquidity on Stock Returns with Profitability as an Intervening Variable in Banking Companies for the Period 2019 – 2023
Journal Title: Journal of Economics, Finance and Management Studies - Year 2024, Vol 7, Issue 09
Abstract
This study to analyze the influence of Corporate Social Responsibility (CSR) and liquidity on stock returns with profitability as an intervening variable in banking companies in Indonesia during the period 2019-2023. Although the company's liquidity ratios are used to assess liquidity, the impact of CSR is measured by examining publicly available corporate social responsibility reports. Return on Assets (ROA), the intervening variable, and stock returns, the dependent variable, are used to calculate profitability. The type of data used is quantitative data. The data source utilized in this study is secondary data in the form of financial reports published on the official websites of the banking companies. Purposive sampling is employed to select the banking companies that serve as the research sample. The analytical method used is multiple linear regression with intervening variables to examine the direct and indirect effects among these variables. The results show that partially, CSR has a significant positive effect on stock returns, while the level of liquidity does not have a significant effect. Profitability is proven to be a significant intervening variable in the relationship between stock returns and CSR but not significant in the relationship between stock returns and liquidity. This study implies that banking companies in Indonesia need to pay more attention to the implementation of CSR to enhance financial performance and company value.
Authors and Affiliations
Rina Yulistia , Henny Medyawati , Rodiah
Keywords
Related Articles
- EP ID EP744659
- DOI 10.47191/jefms/v7-i9-28
- Views 30
- Downloads 0
Cyberloafing Behavior and Self Control on the Performance of Islamic Clinic Employees: Organizational Commitment as Mediation
The purpose of this research was to discover the contribute of mediating organizational commitment in the influence of cyberloafing behavior and self-control on the performance of clinical staff at the Islamic Clinic in...
The Impact of Institutional Quality on External Debt Management in Nigeria
This study investigates the impact of institutional quality on external debt management in Nigeria, focusing on the period from 1980 to 2022. It employed data from the World Development Indicator and the CBN Statistical...
Internal Audit and Securisation of Public Funds: A Study in the Cameroonian Context
The objective of this research work is to show the influence of internal audit on the security of public funds within public companies. Thus, the data were collected with the help of a questionnaire from 35 public compan...
The Role of Attitude in Mediating the Influence of Perceived Usefulness on Intention to Use Nagari Mobile Banking
The growth of the banking industry is increasing rapidly, this has resulted in increasingly intense competition between these banks. One of them is using mobile banking services. This Mobile Banking service is to answer...
The Potential Role Of Sukuk In Promoting Economic Growth: Evidence From Malaysia And Bahrein
Due to fixed interest and fixed income, bonds are considered excluded in the Islamic financial system. The sukuk were designed as an alternative to these bonds, meeting the needs of all investors seeking instruments that...