THE INFLUENCE OF EARNING PER SHARE (EPS) AND DIVIDEND PAYOUT RATIO (DPR) ON STOCK RETURN WITH CORPORATE SOCIAL RESPONSIBILITY AS MODERATING VARIABLE (Empirical Study on BUMN Company that listed in Indonesian Stock Exchange at 2012-2014)

Syani Dona Syafarudi NR B42111002 admin

Abstract


This study aims to examine the effect of Earning Per Share (EPS) and Dividend Payout Ratio (DPR) on Stock Return in BUMN that listed in Indonesia Stock Exchange during the period 2012 to 2014. In addition, this study uses Corporate Social Responsibility (CSR) as a moderation variable.

This research was conducted by using secondary data. Sampling technique thst used was purposive sampling. The population became the object of this study is BUMN company listed on the Indonesia Stock Exchange during the period 2012 to 2014. From 21 BUMN company listed on the Indonesian Stock Exchange, only 18 companies that meet the criteria of this research. The methods of analysis that used in this study is multiple regression analysis, and using the classical assumption test which are normality test, heteroscedasticity test, multicollinearity test and autocorrelation test, and hypothesis test that are coefficient of determination, test F and test T.

The results showed that as partial earnings per share has not effect on stock return, this can be seen from the significant value greater than 0.05that is 0.424 > 0.05. Partially, dividend payout ratio has not effect on stock returns, this can be seen from the significant value greater than 0.05, that is 0.111 > 0.05. As simultaneous, the earnings per share and dividend payout ratio has positive effect but not significant effect on stock return, this can be seen from the significant value greater than 0.05that is 0.072 > 0.05. Earning per share and dividend payout ratio simultaneously that moderated corporate social responsibility has positive effect but not significant effect on stock return, this can be seen from the level of significance greater than 0.05, that is 0192 > 0.05.

 

Keywords: earnings per share, dividend payout ratio, corporate social responsibility and stock returns.


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