PENGARUH CORPORATE SOCIAL RESPONSIBILITY
TERHADAP KINERJA KEUANGAN PERUSAHAAN
MANUFAKTUR YANGTERDAFTAR DI BEI
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Institusion
Sekolah Tinggi Ilmu Ekonomi Perbanas Surabaya
Author
IZATUR ROKHMANIAH, NUR
Subject
657.042 - FINANCIAL ACCOUNTING
Datestamp
2017-05-15 10:58:12
Abstract :
Corporate Social Responsibility is an issue that is interesting to discuss. We know that it?s important for the company to fulfill their social responsibility to stakeholder. This responsibility can be for their environment, society, labor, or the other stakeholder. When they can fulfill this responsibility, as the stakeholder theory said, they can increase their performance. Unfortunately, to implement this program, the company needs an additional cost that can decrease their profit. Based on this situation, this research will analyse the effect of CSR disclosure to the company?s financial performance. The purpose of this research is to examine the effect of CSR disclosure to the financial performance of manufacture companies listed in BEI. This research use ROA, ROE, and stock return as indicators of financial performance. The CSR disclosure is measured by 79 items disclosure in GRI?s guideline. The sample of this research consists of 109 companies which publish their annual report in IDX start from 2008 until 2011. Analysis with simple regressions shows that CSR disclosure has a significant and positive effect on ROA and ROE, but doesn?t on stock return. This condition shows that company who disclose their CSR activity in their annual report could be get good financial performance too.
Corporate Social Responsibility is an issue that is interesting to discuss. We know that it?s important for the company to fulfill their social responsibility to stakeholder. This responsibility can be for their environment, society, labor, or the other stakeholder. When they can fulfill this responsibility, as the stakeholder theory said, they can increase their performance. Unfortunately, to implement this program, the company needs an additional cost that can decrease their profit. Based on this situation, this research will analyse the effect of CSR disclosure to the company?s financial performance. The purpose of this research is to examine the effect of CSR disclosure to the financial performance of manufacture companies listed in BEI. This research use ROA, ROE, and stock return as indicators of financial performance. The CSR disclosure is measured by 79 items disclosure in GRI?s guideline. The sample of this research consists of 109 companies which publish their annual report in IDX start from 2008 until 2011. Analysis with simple regressions shows that CSR disclosure has a significant and positive effect on ROA and ROE, but doesn?t on stock return. This condition shows that company who disclose their CSR activity in their annual report could be get good financial performance too.
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