Research Paper
Year: 2020 | Month: January | Volume: 7 | Issue: 1 | Pages: 187-193
Analysis of the Effect of Financial Ratios and Corporate Social Responsibility on Stock Prices with Company Size as a Moderating Variable in Food and Beverage Industry Companies Listed on the Indonesia Stock Exchange
Indah Rumondang Hutajulu1, Khaira Amalia Fachrudin2, Amlys Syahputra Silalahi2
1Postgraduate Students, 2Postgraduate Lecturer,
Department of Management, Faculty of Economics and Business at Universitas Sumatera Utara, Indonesia
Corresponding Author: Indah Rumondang Hutajulu
ABSTRACT
This study aims to determine the effect of financial ratios and corporate social responsibility on stock prices with company size as a moderating variable in Food and Beverage Industry Companies Listed on the Indonesia Stock Exchange. The sample method of this study is that the target population of companies that actively publishes CSR during the study period are 11 food and beverage manufacturing sectors companies listed on the Indonesian stock exchange. Testing the proposed hypothesis is to use a simultaneous significant test (F test) and a partial significant test (t test) with the selection of panel data models through the Chow and Hausman test. The results show that simultaneously leverage, profitability liquidity and corporate social responsibility have a significant effect on the stock prices of the Food and Beverage Industry that are listed on the Indonesia Stock Exchange. Partially liquidity has a positive and significant effect on stock prices, profitability has a negative and significant effect on stock prices, leverage and corporate social responsibility have no significant effect on stock prices. The company's variable size is able to moderate the variable leverage and liquidity to stock prices and is not able to moderate the variable profitability and corporate social responsibility to the stock prices of the Food and Beverage Industry Companies Listed on the Indonesia Stock Exchange.
Keywords: Financial Ratios, Corporate Social Responsibility, Stock Prices, Company Size
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