Pengaruh Corporate Social Responsibility, Leverage, Earnings Per Share, Net Profit Margin dan Return on Equity terhadap Cumulative Abnormal Return pada Perusahaan Sektor Consumer Cyclical di BEI 2019-2022

Abstract

This study was conducted to determine the effect of corporate social responsibility disclosure, leverage, earnings per share, net profit margin, and return on equity on cumulative abnormal return. The research is a quantitative study with a population of companies in the consumer cyclical sector listed on the IDX from 2019-2022. In this study, the sample was determined using purposive sampling with specific criteria, resulting in a sample of 77 companies with 308 observations. The research uses secondary data obtained from the official websites of the companies and the Indonesia Stock Exchange website www.idx.co.id, or through finance.yahoo.com. The analytical methods employed include descriptive statistical analysis, regression model selection tests, classical assumption tests, panel data regression, and hypothesis testing using EViews 12 Version software. The findings of this study reveal that corporate social responsibility and net profit margin have a positive and significant partial influence on cumulative abnormal return. Leverage and return on equity were found to have a negative and significant partial effect on cumulative abnormal return. Finally, it was found that earnings per share have no partial effect on cumulative abnormal return.