scholarly journals PENGARUH CORPORATE SOCIAL RESPONSIBILITY BERBASISKAN KARAKTERISTIK SOCIAL BANK TERHADAP KINERJA PERUSAHAAN PERBANKAN DI BURSA EFEK INDONESIA

2017 ◽  
Vol 18 (3) ◽  
Author(s):  
Yohanes Andri Putranto ◽  
Suramaya Suci Kewal
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Multiple Regression Model ◽  
Tobin’S Q ◽  
R Software ◽  
Tobin's Q ◽  
Significance Level ◽  
Firm Financial Performance ◽  
The Social ◽  
Corporate Social

The purpose of this study is to test empirically the effect of Corporate SocialResponsibility (CSR) on the financial performance of banking companies listed in the Indonesia Stock Exchange (IDX). In contrast to previous studies, this study uses the social bank characteristics for the measurement of CSR. Social bank characteristics are a proxy of sustainability development. The company's performance is proxied by Tobin's Q. The sample was banking companies listed on the IDX in 2008 to 2012. This study used a multiple regression model and the R software to test the hypothesis. At the 5% significance level, the results show that CSR significantly affects the financial  performance of banking companies listed in the IDX. The regression coefficient of CSR  on corporate performance is -0.075769, thus CSR as measured by the social bank characteristics as a proxy of sustainability development is significantly negative on firm financial performance as measured by Tobin's Q. In other words, CSR-basedsustainability development does not affect the increase of financial performance of banking companies that are listed in the IDX.

scholarly journals Analisis Perbedaan Tingkat Pengungkapan Corporate Social Responsibility (CSR) dan Kinerja Keuangan Perusahaan pada Industri High-Profile dan Low-Profile

2016 ◽  
Vol 3 (3) ◽  
pp. 303-318
Author(s):  
Sisilia Devina Permatasari ◽  
Supatmi Supatmi
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Stock Exchange ◽  
Tobin’S Q ◽  
Tobin's Q ◽  
High Profile ◽  
Low Profile ◽  
The Difference ◽  
Corporate Social

This study aims to prove the difference in the level of disclosure of Corporate Social Responsibility (CSR) and financial performance among the industry's high-profile and low-profile. This study also proved that if there is a relationship between the level of CSR and financial performance. Financial performance is measured using the Return On Equity (ROE) and Tobin's Q. The samples are 346 companies listed in Indonesia Stock Exchange (IDX) in 2012, where the industry as much as 167 high-profile and low-profile companies as much as 179 companies. The sampling method used is purposive sampling. The analyze used to test Mann-Whitney test first, while the second test using Spearman correlation test. The results of this study indicate that there are differences in the level of disclosure of CSR and financial performance as measured by Tobin's Q between industrial high-profile and low-profile, but did not differ when performance is measured by ROE. In addition, this study proves that there is a positive relationship between the level of CSR and financial performance as measured by ROE, but there is no relationship between the level of CSR and financial performance as measured by Tobin's Q. Keywords : Corporate Social Responsibility Disclosure, ROE, Tobin’s Q, high-profile and low-profile industries.

Pengaruh Corporate Social Responsibility Terhadap Nilai Dan Kinerja Perusahaan Manufaktur

2011 ◽  
Vol 3 (1) ◽  
pp. 1-13
Author(s):  
Agustin Ekadjaja ◽  
Vony Vony
Keyword(s):  
Corporate Social Responsibility ◽  
Linear Regression ◽  
Confidence Level ◽  
Stock Exchange ◽  
Tobin’S Q ◽  
Manufacturing Companies ◽  
Simple Linear Regression ◽  
Tobin's Q ◽  
And Performance ◽  
Corporate Social

This study aims to determine the effect of CSR Index to the value and performance of manufacturing companies listed on the Indonesia Stock Exchange (BEI), and to find out how much the ability of the variable CSR Index in explaining the variable Tobin’s Q, ROA, and ROE manufacturing companies listed on Indonesia Stock Exchange (BEI). This study uses data sampled during the 75 years from 2007 to 2009. A statistical method used to test the research hypothesis is a simple linear regression model. Therefore, before performing hypothesis testing carried out tests of classical assumptions. The results of this study prove that, CSR Index has a significant effect on Tobin’s Q and ROE with 95% confidence level. However, CSR Index has no significant influence on ROA with 95% confidence level. Key words : CSR Index, Variabel Tobin’s Q, ROA, ROE

scholarly journals Effects of Infrastructure Development, Inflation and Economic Growth to Performance Company (ROA, Tobin's Q, PBV): Study on Registered Infrastructure Support Companies in IDX Period 2014-2019

2021 ◽  
Vol 4 (3) ◽  
Author(s):  
Eko Sarjono ◽  
◽  
Kartika Hendra Titisari ◽  
Supawi Pawenang
Keyword(s):  
Economic Growth ◽  
Performance Measurement ◽  
Financial Performance ◽  
Stock Exchange ◽  
Hypothesis Test ◽  
Linear Regression Analysis ◽  
Infrastructure Development ◽  
Tobin’S Q ◽  
Tobin's Q ◽  
The Impact

The financial performance can be used as a benchmark of the ability of an organization or company in achieving its goals. Performance measurement is one of the most important factors for an organization or company, performance measurement is a process of measuring the extent to which a company does work to achieve its goals. The research investigated the impact of infrastructure, economic growth and inflation on financial performance of infrastructure support companies listed in Indonesian Stock Exchange Period 2014-2019 which is proxied by ROA (Return on Assets), Tobin’s Q and PBV (Price to Book Value). The population of this research was the infrastructure support companies listed on the Indonesian Stock Exchange period 2014-2019. Research sampling was conducted using The Purposive Sampling Method. The data analysis was camed out using classical assumption test, multiple linear regression analysis, t-test, F-test and determinan (R2) test with SPSS 21. The research finding showed that the model has an effect on the financial performance as proxied by ROA. So the results of the hypothesis test show that: (1) Infrastructure development has a negative and significant effect on ROA. (2) The inflation rate has a positive and significant effect on ROA. (3) Economic growth has no significant effect on ROA. Meanwhile, the model has no effect on financial performance which is proxied in Tobin's Q and PBV.

scholarly journals Income Diversification and Financial Performance of Selected Deposit Money Banks in Nigeria

2021 ◽  
Vol 8 (1) ◽  
pp. 1-17
Author(s):  
Emmanuel Uniamikogbo ◽  
Emma I. Okoye ◽  
Arowoshegbe O. Amos
Keyword(s):  
Financial Performance ◽  
Foreign Exchange ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Annual Reports ◽  
Tobin’S Q ◽  
Firm Age ◽  
Income Diversification ◽  
Tobin's Q ◽  
Negative Effect

This study examined the effect of income diversification on financial performance of deposit money banks (DMBs) in Nigeria. Variables considered were commission, foreign exchange incomes, and firm age, which are proxies for income diversification and financial performance proxied by Tobin's Q ratio. The purposive sampling technique was used to select the 8 banks classified by Central Bank of Nigeria to be Domestic Systematically Important Banks in Nigeria. Data collected from the annual reports and the Nigerian Stock Exchange website for a period 2008-2018 were used. Statistical tools used were the descriptive statistics and econometric analysis using the panel data. Findings showed that while commission income has a significant positive effect on Tobin's Q ratio of DMBs, foreign exchange income and firm age each have a significant negative effect on Tobin's Q ratio of DMBs in Nigeria. It is recommended that banks in Nigeria minimize their income from foreign exchange to maximize performance since income from these transactions tend to inhibit bank financial performance.

scholarly journals PENGARUH KRISIS MONETER PADA KINERJA KEUANGAN DAN NILAIPERUSAHAAN

2009 ◽  
Vol 9 (1) ◽  
pp. 34
Author(s):  
Nelli Novyarni
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Tobin’S Q ◽  
Corporate Value ◽  
Manufacturing Companies ◽  
Tobin's Q ◽  
Financial Ratio ◽  
Before And After ◽  
Equity Ratio ◽  
Monetary Crisis

<p><em>This study was aimed analyzing the monetary crisis on financial performance </em><em>and corporation value effect.This study found that the monetary crisis affect </em><em>on financial performance and corporation value. The study on 50 </em><em>manufacturing companies consist of 25 companies variety business and </em><em>industry and pharmacist notes at Jakarta Stock Exchange from 1992 to 2002 </em><em>revealed that the monetary crisis cause decrease in financial performance and </em><em>corporate value. Based on before and after mean financial and Tobin 's Q ratio, </em><em>it found that the monetary crisis cause decrease in financial performance </em><em>especially in 1998 and corporation value from 1998 to 2002. This study also </em><em>found that based on each sector, the monetary crisis affect all financial ratio at </em><em>sector one, especially in 1998 and 2000 and the monetary crisis just affect debt to equity ratio from to 2002 at sector two. Beside <strong>that the </strong>monetary crisis affect </em><em>corporation value of all sectors.</em></p><p><strong><em>Keywords:  </em></strong><em>Monetary crisis; financial ratio;   Tobin's  Q;  Financial Performance; Value of the firm.</em></p>

scholarly journals Corporate governance and financial performance of listed companies: A case of an emerging market

2021 ◽  
Vol 5 (3) ◽  
pp. 8-17
Author(s):  
Emmanuel Selase Asamoah ◽  
Albert Puni
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Performance Indicator ◽  
Stock Exchange ◽  
Emerging Market ◽  
Target Population ◽  
Governance Structure ◽  
Tobin’S Q ◽  
Tobin's Q ◽  
A Performance

Corporate financial performance (CFP) is a key benefit that comes with the adoption and implementation of a good corporate governance structure in organizations. The objective of this paper is to analyze the effect of the six (6) broad corporate governance structures (board composition, board committees, separation of CEO/chairman, size of board, number of board meetings held, and shareholder concentration) on CFP measured by ROA, ROE, EPS, and Tobin’s Q among Ghanaian companies. The target population for the study was the companies that were listed on the Ghana Stock Exchange (GSE) for the period 2015–2020 and purposive sampling methods were deployed in the sample selection. The study found that using ROA as a performance indicator, corporate governance variables affected CFP by 18.95% whilst it influenced ROE by 29.71%. Additionally, corporate governance mechanisms impacted EPS by 52.53% when it was used as a performance indicator and 18.01% when Tobin’s Q was the performance index. The paper concludes that companies that implement the corporate governance guidelines on best practices stand a better chance of enhancing CFP especially with performance targets that integrate shareholder value maximization.

scholarly journals Tobin’s q, RoA, Diversification and Risk

2015 ◽  
Vol 50 ◽  
pp. 146-154
Author(s):  
Banafsheh Farhangzadeh
Keyword(s):  
Firm Performance ◽  
Stock Returns ◽  
Stock Exchange ◽  
Panel Data Analysis ◽  
P Value ◽  
Tobin’S Q ◽  
Diversification Strategy ◽  
Tobin's Q ◽  
Significance Level ◽  
Percent Confidence Level

This study aims to explain the link between corporate diversification, firm performance and risk. To test the research hypotheses, a sample of 63 companies listed in Tehran Stock Exchange over the period 2008-2012 was taken. We construct two models with Tobin’s q, RoA, Size, Debt, Growth and Standard deviation of stock returns. Analysis of the research models is based on panel(data) analysis. In these models the presence or absence of effects models (fixed or random) is reviewed and finally the best model is estimated. Inference is based on significant level or p-value, thus likely that any value or significance level of the test is less than 0.05 is rejected at the 95 percent confidence level. The results indicate that there is no significant relationship between diversification strategy, firm performance and risk.

scholarly journals PENGARUH PENERAPAN GOOD CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN DENGAN IMPLEMENTASI CSR SEBAGAI VARIABEL PEMODERASI

IQTISHODUNA ◽  
2016 ◽  
Vol 10 (1) ◽  
pp. 1-7
Author(s):  
Misbahul Munir ◽  
Eka Sevia Suryandari ◽  
Anik Mahmudah
Keyword(s):  
Corporate Governance ◽  
Firm Value ◽  
Audit Committee ◽  
Stock Exchange ◽  
Analytical Models ◽  
Tobin’S Q ◽  
Tobin's Q ◽  
Good Corporate Governance ◽  
Normality Test ◽  
Corporate Social

Corporate Governance is a system that regulates and controls the company that is expected toprovide and enhance the company’s value to its shareholders. This study aims to determine the effect of theimplementation of good corporate governance (GCG) to the value of state-owned banks companies listings inIndonesia stock exchange (IDX) with the implementation of corporate social responsibility (CSR) as a moderatingvariable. This research is a quantitative, analytical models using classical assumption test consists of a testheterokedastisitas, non-autocorrelation test and normality test, followed by analysis using regression analysismoderation. The results showed that, application of good corporate governance is proxied by ManagerialOwnership (X1), Proportion of Independent Commissioner (X2), Audit Committee (X3), Independence of theAudit Committee (X4), Frequency of Audit Committee Meetings (X5) and the frequency of Board Meeting(X5) simultaneously significant effect on firm value (Tobin’s Q). With the results of R Square of 61.1% meansthat the variable Tobin’s Q (Y) in the six variables explained by the moderating variable of Corporate SocialResponsibility (Z). While the remaining 38.9% is explained by other variables or independent variables outsidethe regression equation.

scholarly journals Effects of Infrastructure Development, Inflation and Economic Growth to Performance Company (ROA, Tobin's Q, PBV): Study on Registered Infrastructure Support Companies in IDX Period 2014-2019

2021 ◽  
Author(s):  
Eko Sarjono ◽  
Kartika Hendra Titisari ◽  
Supawi Pawenang
Keyword(s):  
Economic Growth ◽  
Performance Measurement ◽  
Financial Performance ◽  
Stock Exchange ◽  
Hypothesis Test ◽  
Linear Regression Analysis ◽  
Infrastructure Development ◽  
Tobin’S Q ◽  
Tobin's Q ◽  
The Impact

The financial performance can be used as a benchmark of the ability of an organization or company in achieving its goals. Performance measurement is one of the most important factors for an organization or company, performance measurement is a process of measuring the extent to which a company does work to achieve its goals. The research investigated the impact of infrastructure, economic growth and inflation on financial performance of infrastructure support companies listed in Indonesian Stock Exchange Period 2014-2019 which is proxied by ROA (Return on Assets), Tobin’s Q and PBV (Price to Book Value). The population of this research was the infrastructure support companies listed on the Indonesian Stock Exchange period 2014-2019. Research sampling was conducted using The Purposive Sampling Method. The data analysis was camed out using classical assumption test, multiple linear regression analysis, t-test, F-test and determinan (R2) test with SPSS 21. The research finding showed that the model has an effect on the financial performance as proxied by ROA. So the results of the hypothesis test show that: (1) Infrastructure development has a negative and significant effect on ROA. (2) The inflation rate has a positive and significant effect on ROA. (3) Economic growth has no significant effect on ROA. Meanwhile, the model has no effect on financial performance which is proxied in Tobin's Q and PBV.

scholarly journals PERAN INTELLECTUAL CAPITAL DALAM PENGARUH CORPORATE SOCIAL RESPONSIBILITY TERHADAP FINANCIAL PERFORMANCE

2021 ◽  
Vol 5 (1) ◽  
pp. 10-16
Author(s):  
Nony Kezia Marchyta ◽  
Njo Anastasia
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Intellectual Capital ◽  
Value Added ◽  
Tobin’S Q ◽  
Tobin's Q ◽  
Corporate Social Disclosure ◽  
Corporate Social ◽  
Social Disclosure

Tujuan penelitian ini untuk mengetahui pengaruh langsung dari corporate social responsibility (CSR) terhadap financial performance, serta pengaruh tidak langsung corporate social responsibility terhadap financial performance melalui intellectual capital sebagai variabel mediasi. Pengolahan data menggunakan software Smart PLS. Data penelitian ini berasal dari laporan tahunan masing-masing perusahaan yang tergolong subsektor bank dan terdaftar pada Bursa Efek Indonesia periode 2011-2018. Data kuantitatif sekunder tersebut dihitung menggunakan rumus Corporate Social Disclosure Index sebagai indikator CSR, Value Added Intellectual Coefficient (VAICTM) sebagai indikator intellectual capital, Tobin’s Q sebagai indikator financial performance. Hasil penelitian ini membuktikan adanya pengaruh positif dari corporate social responsibility terhadap financial performance, corporate social responsibility terhadap intellectual capital, dan intellectual capital terhadap financial performance.

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