Sustainability Report: The Role towards Stock Return of Banking Sector
Susilawati
Faculty of Economics and Business, Universitas Pancasila. Jalan Raya Lenteng Agung, South Jakarta, Indonesia
https://doi.org/10.47191/jefms/v5-i2-20ABSTRACT:
The purpose of this study is to gather empirical evidence on the effect of sustainability report disclosure on stock returns in banking sector companies listed in the category of BUKU 3 and BUKU 4 on the IDX for the 2019–2020 period. In this study, 23 banks were sampled, including local and foreign banks listed in the category of BUKU 3 and BUKU 4. The quantitative research method was used, with a pre-test and post-test hypothesis testing approach using the SPSS 26 program. The findings show a significant difference in stock returns before and after the bank discloses the sustainability report in accordance with Financial Services Authority Regulation (POJK) Number 51 of 2017.
KEYWORDS:
Sustainability Report, Bank, Stock Return, BUKU 3 and BUKU 4.
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