Pengaruh Leverage, Kebijakan Dividen, Risiko Pasar, dan Corporate Social Responsibility Disclosure terhadap Sinkronisasi Harga Saham pada Perusahaan Sektor Basic Materials yang Terdaftar di Bursa Efek Indonesia (BEI) Tahun 2023

Abstract

The problem formulation in this study is whether leverage, dividend policy, market risk, and corporate social responsibility disclosure have an effect on stock price synchronicity in basic materials sector companies listed on the Indonesia Stock Exchange (IDX) in 2023. The purpose of this study is to test and analyze the effect of leverage, dividend policy, market risk, and CSR disclosure on stock price synchronicity. The hypotheses in this study consist of: leverage has a negative effect on stock price synchronicity, dividend policy has a negative effect on stock price synchronicity, market risk has a positive effect on stock price synchronicity, and CSR disclosure has a negative effect on stock price synchronicity. The type of data used is secondary data. The secondary data was collected through annual reports and financial reports of companies in 2023 and company stock price data and market stock prices were obtained through www.yahoofinance.com. The analysis method used in this study is multiple linear regression analysis to test all the specified hypotheses. In the first hypothesis, the research results show that leverage has a negative and significant effect on SHS. In the second hypothesis, the research results show that dividend policy has a negative and significant effect on SHS. In the third hypothesis, the research results show that market risk has a positive and significant effect on stock price synchronicity. In the fourth hypothesis, the research results show that CSR disclosure has no effect on stock price synchronicity.