Corporate Social Responsibility, Firm Size, Inflation, Interest Rate, and Exchange Rate on Stock Returns

Abstract

This study aims to examine the effect of partially and simultaneously between corporate social responsibility, firm size, inflation, interest rates, and exchange rates on stock returns. This research uses quantitative methods. The population in this study are all automotive and their components sub-sector companies listed on the Indonesia Stock Exchange from 2014 to 2018. The sample selection technique uses a purposive sampling method. The sample in this study was six automotive companies, and their components used quarterly data, so a total of 120 samples. The analysis technique used is multiple linear regression analysis with the help of SPSS software version 20. The partial analysis results show that corporate social responsibility and interest rates have a negative and not significant effect on stock returns. Firm size, inflation and exchange rates have a positive and not significant effect on stock returns. Simultaneously corporate social responsibility, firm size, inflation, interest rates, and exchange rates do not affect stock returns.

Industrialization and Land Conversion in Indonesia

“…According to Law Number 5 of 1984 concerning Industry, it is an economic activity by processing raw materials, raw materials, semi-finished goods, and / or finished goods into goods with a higher value for their use, including industrial design and engineering activities. The purpose of industrial development is the direction of industrial estate development policies to encourage industrial development in the form of Industrial Estates [31].…”