PENGARUH PERSISTENSI LABA, GROWTH OPPORTUNITY, CAPITAL STRUCTURE, DAN CORPORATE SOCIAL RESPONSIBILITY TERHADAP RETURN SAHAM (Studi Empiris pada Perusahaan Manufaktur yang Listing di Bursa Efek Indonesia Periode 2015-2019)

Abstract

The purpose of this research was to determine the effect of earnings persistence, growth opportunity, capital structure, and corporate social responsibility on stock returns. The research population used is manufacturing companies listed on the Indonesia Stock Exchange for the period 2015-2019. The sampling technique used in this research was purposive sampling. There are 135 manufacturing companies listed consistently on the Indonesia Stock Exchange during 2015-2019. There are 61 manufacturing companies were sampled in this research. The data analysis used in this research is multiple linear regression using the SPSS application program. The data used are secondary data from relevant sources. The results showed that earnings persistence, growth opportunity, capital structure, and corporate social responsibility simultaneously have a significant effect on stock returns. Partially the test results show that the earnings persistence, capital structure, and corporate social responsibility variable have a significant positive effect on stock returns. Whereas growth opportunity has no effect on stock returns of manufacturing companies listed on the Indonesia Stock Exchange for the 2015-2019 period.

Keywords: Earnings Persistence, Growth Opportunity, Capital Structure, Corporate Social Responsibility, Stock Return.