Determination Of Earnings Response Coefficient with Corporate Social Responsibility Disclosure as a Moderating Variable

Teras Alang, Erwin Saraswati, Wuryan Andayani

Abstract


Earnings information is one of the things that can help investors to predict the potential returns of an investment. By knowing this earnings information, investors can determine whether an investment is worthwhile or not. The availability of information about the company's earnings will also have a significant impact on investment decisions, as it will cause the earnings information obtained to elicit different market reactions. This study aims to provide empirical evidence of the effect of Profitability, Leverage, Firm Size, and Growth Opportunity on Earnings Response Coefficient (ERC) with Corporate Social Responsibility (CSR) Disclosure as a moderating variable. Based on purposive sampling and outlier data, the number of data observed in this study was 165. Data analysis in this study used multiple linear regression and moderation tests. The results of the study show that profitability, leverage, firm size, and growth opportunity does not affect ERC. In addition, CSR disclosure was found to strengthen the effect of growth opportunity on ERC. The results of this study indicate that CSR disclosure could be considered by investors in their investment decisions, thus becoming an added value and increasing investor confidence to invest in the company.


DOI : 10.26905/jkdp.v27i3.11771



Keywords


Company Performance, CSRD, ERC

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