The Effect of Financial Performance on Stock Price with Disclosure of Corporate Social Responsibility as a Moderation in Infrastructure Companies

Abstract

The aim of this research is to analyze the effect of return on assets and current ratio on stock prices which is moderated by the disclosure of corporate social responsibility. The population in this study are all Infrastructure Sector Companies listed on the Indonesia. Stock Exchange for the 2016 - 2020 period. Sampling in this study used a purpusive sampling method with criteria as (1) Conventional banking companies that are go public and registered with the Financial Services Authority (OJK). for the period 2016 - 2020. The data needed in this study was taken from the Indonesian Capital Market Directory (ICMD) 2016-2020. The data collection method used in this study is the documentation method. The statistical test was carried out using the t test and multiple linear regression analysis, previously the classical assumption test was carried out. The results of this study indicate that: the current ratio and disclosure of corporate social responsibility have a positive effect on stock prices, while the current ratio has no effect on stock prices. disclosure of corporate social responsibility is not able to moderate the return on assets but is able to strengthen the effect of return on assets on stock prices.