PENGARUH PENGUNGKAPAN CSR, KINERJA KEUANGAN, DAN TINGKAT SUKU BUNGA PADA HARGA SAHAM

Abstract

Stock price is the reflection of firm value. The fluctuation of stock price is not only influencedby the corporate
internal condition but it also is influenced by the macroeconomic and industrial conditions of a company. The
purpose of this research is to find out the significance of corporate social responsibility disclosure (CSR),
corporate financial performanceand the SBI interest rates to the stock price of property and real estate companies
in Indonesia Stock Exchange (IDX) in 2011-2015 periods.
This research is a quantitative research. The numbers of samples in this research are 38 companies which have
been selected by using purposive sampling method. This research applies multiple linear regression analysis
technique.
The result of data analysis shows that the corporate social responsibility (CSR) disclosure, total asset turnover
(TAT), return on equity (ROE), and earnings per share (EPS) give positive and significant influenceto the stock
price, whereas current ratio (CRR), debt to equity (DER), net profit margin (NPM) and the SBI interest rate
partially give negative and insignificant influence. Moreover,investors consider that investment in stock can
generate return which is higher than the deposit so that the SBI interest rate does not give influence to the stock
price.

Keywords: Corporate Social Responsibility, Corporate Financial Perfomance, SBI Interest Rates, Stock Price