Jurnal Maksipreneur: Manajemen, Koperasi, dan Entrepreneurship
Vol 14 No 2 (2025)

The Influence of Corporate Social Responsibility to Stock Return

Haryanto, Hery (Unknown)
Kelvin, Kelvin (Unknown)
Hesniati, Hesniati (Unknown)



Article Info

Publish Date
30 Jun 2025

Abstract

The research investigates the impact of Corporate Social Responsibility (CSR) on stock returns in the mining sector of Indonesia. The study examines data from financial reports and annual reports of 37 Indonesian companies listed on the stock exchange between 2017 and 2021. The research measures stock return using various factors, including corporate social responsibility, firm age, firm size, return on equity (ROE), and return on assets (ROA). The results reveal that there is a significant positive relationship between ROA and stock return. However, firm age shows a significant negative relationship with stock return, whereas firm size, ROE, and CSR do not have a significant effect. The research findings contribute to the existing literature by suggesting that in Indonesia, investors do not consider CSR as a key factor when making investment decisions since they are not particularly interested in the CSR activities undertaken by companies.

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Journal Info

Abbrev

maksipreneur

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Maksipreneur: Manajemen, Koperasi, dan Entrepreneurship (JMP) is a periodical scientific journal published by Universitas Proklamasi 45 (UP45) Yogyakarta, Indonesia, twice a year on December and June. This journal is intended to collect and publish a summary of research results, scientific ...