PENGARUH RASIO KEUANGAN TERHADAP RETURN SAHAM DENGAN CORPORATE SOCIAL RESPONSIBILITY SEBAGAI VARIABEL INTERVENING

Abstract

This study aims to examine the effect of financial ratios on stock returns with Corporate
social responsibility as an intervening variable in manufacturing companies listed on the Indonesia
Stock Exchange in 2015 - 2017. The population of this study includes 156 manufacturing
companies in the Indonesia Stock Exchange with purposive sampling techniques obtained 52
companies with a research period of 2015 - 2017. Data analysis methods used are path analysis.
Based on the results of data analysis, it shows that; (1) financial ratios have a positive
effect on stock returns; (2) corporate social responsibility is not an intervening variable the influence
of financial ratios on stock returns.