PENGARUH CORPORATE SOCIAL RESPONSIBILITY, RETURN OF EQUITY, DAN PRICE TO BOOK VALUE TERHADAP ABNORMAL RETURN PADA PERUSAHAAN PERTAMBANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA (TAHUN 2015-2018)

Abstract

This study aims to analyzing the influence of Corporate Social Responsibility, Return on Equity, and Price to Book Value has a positive effect on Abnormal Return on mining companies listed on the Indonesia Stock Exchange. The population in this study are mining companies listed on the Indonesia Stock Exchange in the 2015-2018 period. To determine the sample the purposive sampling method was used and 26 company samples were obtained. Researchers used data from mining companies that made CSR disclosures in 2015 to 2018. Data analysis techniques used inductive statistical techniques. Testing the hypothesis of the t test and F test and multiple regression analysis models. The results of multiple regression tests obtained by the equation Y = -0.110 + 0.099 X₁ + 0.003 X₂ + 0.064 X₃. T test results obtained: 1) CSR (X₁) obtained t_count value of 2,220 > t_table 2,060 with a significant coefficient of 0,029 < 0,05, meaning that CSR affects the Abnormal Return. 2) ROE (X₂) obtained t_count value of 3,390 > t_table 2,060 with a significant coefficient of 0,001 < 0,05, meaning that ROE affects Abnormal Return. 3) PBE (X₃) obtained t-value of 5,535 > t_table 2.060 with a significant coefficient of 0,000 < 0,05, meaning that PBE affects the Abnormal Return. 4) Based on the F test obtained F_count 19,077 > F_table =2,99 with a p-value of 0,000 < 0,05, it can be concluded that Corporate Social Responsibility, Return on Equity, and Price to Book Value affect the Abnormal Return on registered mining companies on the Indonesia Stock Exchange.