This study is aimed to investigate the effects of corporate social responsibility to stock return.
The study also consider total assets, beta, leverage, and return on equity of companies as control
variables. Samples in this study are manufacturing company listed in Indonesian Stock
Exchange. The result shows that corporate social reponsibility has affect company stock return
positively; this indicates that broader disclosure and practices of corporate social responsibility
will lead to higher stock return. Investors perceived corporate social responsibility as an
investment, and will effect company in the long term perfoomances. The results in this study
complement previous studies and provide some understanding on the importance of corporate
social responsibility.