The Effect Of Corporate Social Responsibility (CSR), Growth Opportunity, And Company Characteristics On Earning Response Coefficient (Case Study On The Conventional Banking Sector Listed On The Indonesia Stock Exchange-IDX 2018-2022)
Abstract
Earnings Response Coefficient (ERC) is one of the measures used to measure earnings quality.
Earnings Response Coefficient (ERC) is a valuation model that can be used to indicate the possibility of
rising and falling stock prices for market reactions to earnings information announced by the company.
By knowing the factors that affect the Earnings Response Coefficient (ERC), information can be
obtained about how strong the market reaction is to the earnings information presented by the
company. This study aims to examine and analyze the effect of Corporate Social Resposibilty, growth
opportunity and company characteristics on earning response coefficient in conventional banking
sector listed on the Indonesia Stock Exchange (IDX) for the 2018-2022 period. This research belongs to
quantitative research. The sampling technique used purposive sampling technique, 43 conventional
bank used as a population with 11 conventional bank companies is used as a research sample. The
analysis method of this research used panel data regression analysis. The results showed that: (1) CSR
has positive effect to earning response coefficient (2) Growth opportunity has effect to earning response
coefficien). (3) Managerial ownership has positive effect to earning response coefficien). (4)
Institutional ownership has positive effect to earning response coefficient. Simultaneously, CSR, growth
opportunity, managerial ownership and institutional ownership has significant effect to earning
response coefficient. The implication of the research results is that investors need to pay attention to
corporate social responsibility, growth opportunities and company characteristics which are proven to
be able to be used to determine the ups and downs of share price based on market reactions to company
profit information.
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