The Correlation Between Corporate Social Responsibility and Stock Price Change at Companies Listed in the Jakarta Islamic Index 2011 - 2014

Abstract

The importance of Corporate Social Responsibility (CSR) began widely recognized by many companies today. In addition to following the rules of the applicable legislation, the Corporate Social Responsibility (CSR) is also regarded as an attempt to attract sympathy and public confidence in the company. Corporate Social Responsibility (CSR) is then published by the company through its annual report (Annual Report) in Jakarta Islamic Index. By publicizing the performance of the annual report (Annual Report), are both expected to be an attraction for potential investors to invest their shares in the company, so the stock price will go up? The problems of research in this study is how the level of disclosure of Corporate Social Responsibility (CSR) and the rate of change in stock price and how the influence of the disclosure of Corporate Social Responsibility (CSR) to changes in stock prices on companies listed in the Jakarta Islamic Index period of 2011 - 2014 . Thus, this study aims to determine the level of disclosure of corporate social responsibility (CSR), the rate of change in the company's stock price, and the influence of Corporate Social Responsibility (CSR) to changes in stock prices on companies listed in the Jakarta Islamic Index in 2011-2014. The research used descriptive analysis method with quantitative data analysis. The author tested the hypothesis by using simple regression analysis in SPSS 19.0 for windows. Results of research-conducted shows that the average disclosure of Corporate Social Responsibility (CSR) from 27 companies for 4 years amounted to 54.36%, while for the average change in shares of 27 companies for 4 years amounted to 49.39%, and for Disclosure relationship Corporate Social Responsibility (CSR) by changes in stock prices did not have a significant relationship.