Does CSRD and GCG moderate the effect of Financial Performance on Stock Return?

Nurfadila, Nurfadila

doi:10.57178/atestasi.v3i2.262

Cited by 7 publications

(9 citation statements)

References 6 publications

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“…Bank Central Asia, Tbk., one of the companies on the Kompas 100 Index Issuer as the largest banking company in Indonesia was able to show optimal performance throughout 2021 so that stakeholders responded positively and the allocation of CSR became a priority. Research conducted by the references [35][36][37][38][39][40] state that CSR affects Stock Return.…”

Section: Discussionmentioning

confidence: 99%

The Effect of COVID-19 Pandemic on Stock Return of Kompas 100 Index

Hafidzi¹,

Satoto²,

Supeni³

2023

IJSDP

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The COVID-19 pandemic has had a huge impact on all aspects of the company's life cycle. Some companies are even unable to maintain optimal performance like before during the pandemic. Corporate social responsibility activities that are considered to provide good faith to the good name of the company that contribute to increasing stock returns. However, corporate social responsibility activities are maximized because the costs are chosen for activities around the environment carried out by large-scale companies on the Compass Index 100. This study aims to determine the effect of corporate social responsibility and company size on stock returns through Return on Equity in companies listed on Kompas 100 Index after the COVID-19 Pandemic. The population in this study covers all companies that are members of the Kompas 100 Index and are registered with Indonesia Stock Exchange (IDX). The sample method used is purposive sampling. The data analysis technique used is Structural Equation Modeling (SEM) analysis. The results showed that corporate social responsibility and company size affect Return on Equity and stock returns, and Return on Equity affects stock returns. The demand for shares of companies listed on the Kompas 100 Index is classified as the most consistent because it takes into account the company's sustainability in the future by allocating corporate social responsibility costs to build the company's good name. Corporate social responsibility activities are the example of the company's concern for the surrounding environment which aims to be able to increase the company's Return on Equity. In line with the higher level of Return on Equity, the size of the company as measured by total assets has also increased.

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Section: Discussionmentioning

confidence: 99%

The Effect of COVID-19 Pandemic on Stock Return of Kompas 100 Index

Hafidzi¹,

Satoto²,

Supeni³

2023

IJSDP

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“…It compels policymakers in most nations throughout the globe to continue with processes for reopening markets, airports and other sectors impacted by the shutdown, as well as declaring an emergency situation. Stock market returns are described as revenues or losses that actually result from invested capital during a specific period, which are evaluated by cash dispersed over the time period, and are crucial when evaluating investment in the company's equity in the sense that the greater the profitability on shareholdings, the more lucrative the funding generated by the difference between the sales price and the buying value of the shares (Nurfadila, 2020).…”

Section: Hypotheses Developmentmentioning

confidence: 99%

The influence of corona pandemic on stock returns of companies listed on the Palestine Stock Exchange

Badwan¹,

Awad

2023

RAF

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Purpose This study aims to explore and verify the influence of the corona pandemic on the stock returns of the Palestinian companies listed on the Palestine Exchange during the period 2020–2021. Design/methodology/approach The research makes use of secondary financial data from 52 companies in the industrial, investment, services, banking and insurance sectors. Many financial ratios are calculated to assess stock returns: current ratio, cash ratio and average collection time as liquidity measures; debt-to-equity ratio as an indication of leverage or solvency; and net profit margin as an indicator of profitability. The research examines ratios between the (2020 and 2021) precorona outbreak using the Wilcoxon signed rank test and financial ratio analysis during the corona pandemic. Findings The findings show that liquidity in the investment, banking, insurance and industrial sectors has decreased significantly, whereas liquidity in the service sector has improved. The statistics reveal a considerable growth in debt in the service sector, while it stays unchanged in the other sectors. However, there is no discernible change in profitability during and after the corona outbreak. Research limitations/implications The present research faced many limitations, such as the approach to gathering primary data, which depended heavily on disclosures, financial reports and secondary data, as well as only analyzing one context and one country. Practical implications The findings of this study can guide the Palestinian government and decision-makers to respond to the COVID-19 outbreak and must act quickly because strong short-term policies are more functional than long-term policy measures. In addition, the temporal discrepancy between their policy actions and financial regulations regarding the stage of the outbreak, integrating monetary treatment methods, strengthening their control over exchange rate fluctuations and extending the duration of financial participation measures that ensure stable exchange rates, such as attempting to restrict trade of the monetary system between countries was assessed to reduce the important monetary stimulation policy. Originality/value This study presents important facts and results for regulators and decision-makers regarding the investment, industry, banking, insurance and services sectors as sectors that are most affected by the corona pandemic as a sample for this study from the Palestinian companies listed in Palestine Stock Exchange due to the corona pandemic.

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“…Menurut (Novitasari, 2017) pada penelitian sebelumnya, penerapan kepemilikan institusional dan kepemilikan manajerial dalam mekanisme corporate governance berpengaruh positif terhadap return saham. Sedangkan menurut (Nurfadila, 2020) pada penelitiannya bahwa kepemilikan institusional dapat memoderasi kinerja keuangan terhadap return saham dan kepemilikan manajerial tidak dapat memoderasi hubungan antara kinerja keuangan dan return saham.…”

Section: Pengantarunclassified

“…Dengan ini teori agensi tidak dapat membuktikan GCG merupakan konsep yang diharapkan bisa berfungsi sebagai alat untuk memberikan keyakinan kepada para investor bahwa mereka akan menerima return atas dana yang telah diivestasikan. Penelitian ini sejalan dengan penelitian (Nurfadila, 2020) menunjukkan corporate governance dengan proksi kepemilikan manajerial tidak dapat memoderasi kinerja keuangan return saham. Dalam penelitian ini variabel moderasi masuk kedalam kategori variabel moderasi jenis prediktor moderasi.…”

Section: Diskusiunclassified

“…Hasil ini kemungkinan disebabkan oleh struktur kepemilikan manajerial pada perusahaan sampel masih sangat kecil yang didominasi oleh keluarga, sedangkan struktur kepemilikan Institusional pada perusahaan sampel yang nilainya cukup besar yang kebanyakan didominasi oleh pemerintah, dan kemungkinan juga disebabkan oleh indikator GCG yang hanya menggunakan kepemilikan institusional dengan manajerial, artinya kemungkinan indikator lain seperti komite audit atau dewan komisaris akan lebih signifikan karena sebagai dewan pengelola perusahaan. Hasil penelitian ini didukung (Nurfadila, 2020) menunjukkan corporate governance dengan proksi kepemilikan manajerial tidak dapat memoderasi kinerja keuangan return saham. Artinya perusahaan yang telah menerapkan GCG tidak mempengaruhi besar kecilnya risiko yang terkandung dalam suatu investasi.…”

Section: Diskusiunclassified

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Faktor-Faktor yang Mempengaruhi Risiko Sistematis Saham dengan Good Corporate Governance Sebagai Variabel Moderasi

Vionita

Suwarno

2022

jcaa

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This study aims to examine the factors that influence the systematic risk of stocks with good corporate governance as a moderating variable in LQ45 companies listed on the Indonesia Stock Exchange for the 2018-2020 period. This study uses quantitative methods with secondary data in the form of complete company financial statements. The research sample amounted to 19 LQ45 companies which were analyzed using purposive sampling technique. The analysis method uses Partial Least Square (PLS) analysis, with the help of WarpPLS 7.0 software. The results show that liquidity has a positive and significant effect on stock systematic risk, leverage has a negative and insignificant effect on stock systematic risk, profitability has a negative and significant effect on stock systematic risk, growth has a negative and significant effect on stock systematic risk, good corporate governance is not able to moderate the effect of liquidity, leverage, profitability, growth on stock systematic risk.

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Does CSRD and GCG moderate the effect of Financial Performance on Stock Return?

Cited by 7 publications

References 6 publications

The Effect of COVID-19 Pandemic on Stock Return of Kompas 100 Index

The Effect of COVID-19 Pandemic on Stock Return of Kompas 100 Index

The influence of corona pandemic on stock returns of companies listed on the Palestine Stock Exchange

Faktor-Faktor yang Mempengaruhi Risiko Sistematis Saham dengan Good Corporate Governance Sebagai Variabel Moderasi

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