The Influence of Corporate Social Responsibility and Company Financial Performance on Stock Returns Empirical Studies in Manufacturing Companies Listed on the Indonesia Stock Exchange Period 2016 – 2020

This study aims to determine the influence of corporate social responsibility and company financial performance on stock returns in manufacturing companies listed on the Indonesia Stock Exchange in 2016 – 2020. The research strategy used in this research is quantitative method. Data obtained from data collection and data analysis with financial reports and annual reports, and GRI-based CSR sustainable reports. The population in this study were all manufacturing companies listed on the Indonesia Stock Exchange in 2016 – 2020. The sampling in this study was purposive sampling, with a total sample of 67 manufacturing companies. Primary data were processed using MS Office 365 and E-Views 10. Statistical analysis of the data in this study were descriptive statistical analysis, and panel data regression model analysis. The results of this study indicate that corporate social responsibility, profitability, leverage and liquidity have no influence on stock returns, and profitability cannot moderate the influence of corporate social responsibility on stock returns.