Pengaruh Pengungkapan Sustainability Report,Profitabilitas, Likuiditas, dan Kepemilikan Institusional terhadap Return Saham pada Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia Periode 2019-2023

Abstract

This study aims to determine the effect of sustainability report disclosure, profitability, liquidity, and institutional ownership on stock returns. The population in this study consists of all banking companies listed on the Indonesia Stock Exchange for the period 2019-2023. The sample selection was carried out using purposive sampling method, obtaining a total of 120 observational data. This study uses secondary data from annual reports and sustainability reports of each company. The data analysis method used is Multiple Linear Regression Analysis. Data processing was performed using SPSS version 26 software. The partial results showed that sustainability report disclosure and institutional ownership had no effect on stock returns, while profitability had a positive and significant effect, and liquidity had a negative and significant effect on stock returns. The simultaneous test results also showed that sustainability report disclosure, profitability, liquidity, and institutional ownership had a significant effect on stock returns.