Stock Price Determinants: The Role of Sustainability Reporting as Moderating Variable
Abstract
Changes in stock prices can occur at any time and are difficult to predict, therefore, this study analyzes the effect of Net Profit Margin, Return on Asset, and Firm Size, on Share Price moderated by Sustainability Reporting. This study uses quantitative data. The sample consists of 16 financial sector companies listed on the Indonesia Stock Exchange (IDX) from 2020 to 2023. The results of purposive sampling are 16 companies with a total of 64 observation data. The analysis method used is regression moderation analysis, which is run using the E-Views version 12 program. The findings show that net profit margin has a positive effect on stock prices, while return on assets has a negative effect. Company size does not show a significant effect. Furthermore, sustainability reports strengthen the effect of net profit margin on stock price. The disclosure of sustainability reports by a company can have an impact on investment decision-making, beyond financial performance.
Keywords: Firm Size; Net Profit Margin; Return on Asset; Stock Price; Sustainability Report
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References
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Published
2025-01-13
How to Cite
MARTIN, Rio; MURDIANSYAH, Isnan.
Stock Price Determinants: The Role of Sustainability Reporting as Moderating Variable.
E-Jurnal Akuntansi, [S.l.], v. 35, n. 4, jan. 2025.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/122843>. Date accessed: 30 apr. 2025.
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