PENGARUH CORPORATE SOCIAL RESPONSIBILITY,PERSISTENSI LABA, DAN STRUKTUR MODAL TERHADAP EARNINGS RESPONSE COEFFICIENT (PADA PERUSAHAAN MANUFAKTUR SEKTOR BARANG KONSUMSI SUB SEKTOR MAKANAN DAN MINUMAN) YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2021 - 202

Abstract

This research aims to examine the effect of Corporate Social Responsibility (CSR),
Earnings Persistence, and Capital Structure on the Earnings Response Coefficient. The
population of this study was consumer goods manufacturing companies in the food and
beverage sub-sector listed on the Indonesia Stock Exchange(IDX) for the 2021-2025
period. Based on purposive sampling, the sample size for this research was 20 companies.
The data used was secondary data, namely the financial statements of consumer goods
manufacturing companies in the food and beverage sub-sector listed on the Indonesia
Stock Exchange (IDX) for the 2021-2025 period.
Technique of data analysis in this research used description analysis, panel data
regression test, and multiple linear regression that has previously been fulfilled the classical
assumption test. The measuring instrument used in this study was Eviews 13. Based on
the results of the model testing, the Fixed Effects Model (FEM) was selected. The results
of the research show that: (1) Based on the partial test (t-test), Corporate Social
Responsibility (CSR) has a significant positive effect on the Earnings Response Coefficient
with a probability of less than 0.05, namely 0.0000 < 0.005 with a coefficient value of
2.419866, Profit Persistence has a significant positive effect on the Earnings Response
Coefficient with a probability of less than 0.05, namely 0.0000 < 0.005 with a coefficient
value of 0.050614, and Capital Structure has a significant positive effect on the Earnings
Response Coefficient with a probability of less than 0.05, namely 0.0000 < 0.005 with a
coefficient value of 0.210254. (2) Simultaneous significant test (F test) Corporate Social
Responsibility (CSR), Earnings Persistence, and Capital Structure significantly influence
the Earnings Response Coefficient in Consumer Goods Manufacturing Companies in the
Food and Beverage Sub-Sector listed on the Indonesia Stock Exchange for the 2021-2025
period, with a probability of 0.000000 <0.05. The results of this study indicate that the
independent variables contribute 71.1154% to the Earnings Response Coefficient, while
the remaining 28.8846% is influenced by other variables outside this research model.