Pengaruh Corporate Social Responsibility (CSR) Disclosure dan Profitabilitas terhadap Stock Price dengan Corporate Governance sebagai Variabel Moderating

Putri Naritma Gunawan (Institut Teknologi dan Bisnis Semarang)
Aniqotunnafiah Aniqotunnafiah (Institut Teknologi dan Bisnis Semarang)

Profit: Jurnal Manajemen, Bisnis dan Akuntansi
Vol. 5 No. 4 (2026): November: Profit : Jurnal Manajemen, Bisnis dan Akuntansi

The objectives of this study are: 1) To examine in more depth whether CSR disclosure has an impact on stock price, 2) To determine whether profitability has an impact on stock price, 3) To determine whether corporate governance (CG) moderates the effect of CSR disclosure on stock price, 4) To determine whether corporate governance (CG) moderates the effect of profitability on stock price, and 5) To determine whether CSR disclosure, profitability, and corporate governance simultaneously influence stock price. The population used in this study is all data from 128 companies in the Consumer Non-Cyclical sector listed on the Indonesia Stock Exchange (IDX) from 2022 to 2024. The sampling technique used was purposive sampling, resulting in a sample of 30 companies with 90 data points. The analysis techniques used were multiple linear regression and moderated regression. The results of this study indicate that: 1) CSR disclosure has no significant effect on stock price, 2) Profitability has a significant positive effect on stock price, 3) Corporate governance does not moderate CSR disclosure on stock price, 4) CG is able to moderate profitability on stock price, 5). CSR disclosure, profitability, and CG simultaneously influence stock price.