Pengaruh Pengungkapan Corporate Social Responsibility terhadap Kinerja Keuangan dan Harga Saham pada Sektor Properti di Bursa Efek Indonesia

The company operational activities are performed with the purpose to maximize shareholder values; however, the company's activities have impacts on environment, social, economiy and community. In order to comply with the government regulation, companies must conduct Corporate Social Responsibility (CSR), because investors are more interested in companies which have a good image in the community. This leads to make consumer loyalty higher and subsequently increases the company's profitability and company's stock values. The purpose of this study was to analyze the influence of CSR disclosure on Corporate Financial Performance (CFP) and stock prices. This study used 20 samples of property companies in the Indonesia’s Stock Exchange selected by purposive sampling. Data were processed and analyzed using Structural Equation Modeling (SEM) with software smartPLS. This research shows that valid indicators measure CSR at property sector include environment, human rights and society. A valid indicator measuring financial performance construct is only Market Value Added (MVA) and stock return is the valid indicator to measure stock price construct. The hypothesis test shows that CSR disclosure had significant effect on CFP, but the CSR disclosure had no significant effects on stock price, and CFP had no significant effects on stock prices.Keywords : corporate social responsibility, financial performance, stock price, property sector

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Pengaruh Pengungkapan Corporate Social Responsibility terhadap Kinerja Keuangan dan Harga Saham pada Sektor Properti di Bursa Efek Indonesia

Jurnal Manajemen dan Organisasi ◽

10.29244/jmo.v6i1.12195 ◽

2016 ◽

Vol 6 (1) ◽

pp. 74

Author(s):

Putri Fika Hidayansyah ◽

Musa Hubeis ◽

Abdul Kohar Irwanto

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Financial Performance ◽

Stock Prices ◽

Stock Price ◽

Hypothesis Test ◽

Value Added ◽

Equation Modeling ◽

Csr Disclosure ◽

Corporate Social

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Determinant of Stock Price: Evidence on Food and Beverage Companies in Indonesia

ETIKONOMI ◽

10.15408/etk.v18i1.10987 ◽

2019 ◽

Vol 18 (1) ◽

Author(s):

Indo Yama Nasarudin ◽

Suhendra Suhendra ◽

Luthfia Farida Anggraini

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Financial Performance ◽

Stock Price ◽

Stock Exchange ◽

Partial Least Square ◽

Equation Modeling ◽

Corporate Social Responsibility Disclosure ◽

Food And Beverage ◽

Corporate Social

One aspect that concerns investors in valuing stocks is financial performance. The better the company's financial performance will increase the demand for the company's shares, so that it can also increase the company's stock price. The purpose of this research to examine the effect of Financial Performance which is measured by using Earning per Share, Net Profit Margin, Retun On Equity, Firm Size which is measured by Total Revenue, Total Asset,, and Corporate Social Responsibility Disclosure which is measured by Economic Aspects, Environmental Aspects,Social Aspect to the Extend of stock price on food and beverage sector companies in Indonesia Stock Exchange. The stock price data was used the stock price determined by the closing price.The sample collection method has been done by using purposive sampling method and eleven of eighteen companies, which are listed in Indonesia Stock Exchange in the years of 20013-2017, are used as the research samples. The method used in this study was Structural Equation Modeling Partial Least Square (SEM-PLS). The result of the research shows that the variable Financial Performance was significantly influenced stock price. variable Firms Size was significantly influenced stock price, and variable Corporate Social Responsibility Disclosure was significantly influenced stockprice.

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Pengungkapan Tanggungjawab Sosial Perusahaan (CSR), Kinerja Keuangan Dan Harga Saham Perusahaan Pertambangan Di BEI (Corporate Social Responsibility (CSR) Disclosure, Financial Performance and Stock Price of Mining Company in the Indonesian Stock Exchange)

SSRN Electronic Journal ◽

10.2139/ssrn.3096399 ◽

2018 ◽

Author(s):

Muliana Muliana

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Financial Performance ◽

Stock Price ◽

Stock Exchange ◽

Mining Company ◽

Csr Disclosure ◽

Corporate Social

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Analisis Relevansi Nilai Informasi Akuntansi Dengan Pengungkapan Corporate Social Responsibility Sebagai Variabel Pemoderasi

Eksis Jurnal Riset Ekonomi dan Bisnis ◽

10.26533/eksis.v15i2.760 ◽

2021 ◽

Vol 15 (2) ◽

pp. 79-86

Author(s):

Indhung Listyaningrum ◽

Katika Hendra Titisari ◽

Siti Nurlaela

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Stock Price ◽

Banking Sector ◽

Value Relevance ◽

Hypothesis Test ◽

Accounting Information ◽

Book Value ◽

Csr Disclosure ◽

Corporate Social

This research was aimed to examined and analyzed the value relevance of accounting information by disclosured of Corporate Social Responsibility (CSR) as a moderating variabel in banking sector companies. The population of this research was by 11 banking companies registered on the BEI (Bursa Efek Indonesia) in the period of 2015 -2018. From the population, reasearcher found 44 samples by used purposive sampling method. The hypothesis test of this research used multiple linear regression by Moderated Regression Analysis (MRA) approach. The independent variables of this research were earning and book value. CSR as an independen variable and moderating variable. While the dependent variable was the stock price. The result of this research was to indicated that the earning and book value were relevance to the value of accounting information. While CSR disclosure as an independent variable and moderating variable didn’t have relevance to the value of accounting information. The moderating result of CSR disclosure weren’t able to substantiated the earning and book value.

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DISCLOSURE ATAS MANAGEMENT STATEMENT, INTELLECTUAL CAPITAL, DAN CORPORATE SOCIAL RESPONSIBILITY TERHADAP NILAI PERUSAHAAN

Jurnal Akuntansi Indonesia ◽

10.30659/jai.5.1.99-114 ◽

2016 ◽

Vol 5 (1) ◽

pp. 99

Author(s):

Sri Imaningati ◽

Mekani Vestari

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Intellectual Capital ◽

Stock Prices ◽

Firm Value ◽

Stock Price ◽

Multiple Linear Regression Model ◽

Negative Effect ◽

Csr Disclosure ◽

Corporate Social

Value of the firm is an investor perception about the condition of the firm, which is often refered to the stock price. High stock prices indicate high public appreciation of the firm. Efforts to maximize value of the firm is done by maximizing the factors that influence it. This study used three variables, namely Statement Management Disclosure, Intellectual Capital Disclosure, and Corporate Social Responsibility Disclosure. The object of the research ismanufacturing company from 2009 to 2013. Samples were collected by purposive sampling method. Multiple linear regression model used in this research model testing. The results showed that CSR Disclosure had a positive effect on Firm Value. Intellectual Capital Disclosure does not affect the Firm Value, while Management Statement Disclosure had a negative effect on the Firm Value.

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Comparative analysis of QISMUT+3’s Islamic corporate social responsibility

Journal of Islamic Marketing ◽

10.1108/jima-05-2020-0146 ◽

2021 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Agung Nur Probohudono ◽

Astri Nugraheni ◽

An Nurrahmawati

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Financial Performance ◽

Statistical Testing ◽

Content Type ◽

Islamic Bank ◽

Csr Disclosure ◽

Corporate Social ◽

The Impact ◽

Positive Effect

Purpose The purpose of this study is to analyze the impact of corporate social responsibility (CSR) disclosure on the financial performance of Islamic banks across nine countries as major markets that contribute to international Islamic bank assets (Indonesia, Malaysia, Saudi Arabia, UAE, Kuwait, Qatar, Turkey, Bahrain and Pakistan or further will be called QISMUT + 3 countries). Design/methodology/approach Islamic Social Reporting Disclosure Index (ISRDI) is being used as a benchmark for Islamic bank CSR performance that contains a compilation of CSR standard items specified by the Accounting and Auditing Organization for Islamic Financial Institutions. The secondary data is collected from the respective bank’s annual reports and it used the regression analysis techniques for statistical testing. Findings This study found that CSR disclosure measured by ISRDI has a positive effect on financial performance. Almost all ISRDI sub-major categories have a positive effect on financial performance except the “environment” subcategory. The highest major subcategory for ISRDI is the “corporate governance” category (82%) and the “environment” category (13%) is the lowest. For the UAE, Kuwait and Turkey, the ISRDI is positively affected by financial performance and the other countries on this research are not. Originality/value This study highlighted the economic benefits of social responsibility practices as a part of business ethics in nine countries that uphold the value of religiosity. Thus, the development of the results of this research for subsequent research is very wide open.

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From corporate social responsibility activities to financial performance: role of innovation and competitive advantage

Asia Pacific Journal of Innovation and Entrepreneurship ◽

10.1108/apjie-04-2020-0046 ◽

2021 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Mahnoor Zahid ◽

Hina Naeem ◽

Iqra Aftab ◽

Sajawal Ali Mughal

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Financial Performance ◽

Competitive Advantage ◽

Manufacturing Firms ◽

Equation Modeling ◽

Content Type ◽

Corporate Social ◽

The Relationship

Purpose The purpose of this study is to scrutinize the effect of corporate social responsibility activities (CSRA) of the firm on its financial performance (FP) and analyze the mediating role of innovation and competitive advantage (CA) in the relationship between CSRA and FP in the manufacturing sector of an emerging country, i.e. Pakistan. Design/methodology/approach Data has been collected through an electronic structured questionnaire from 300 middle-level and top-level managers by surveying different manufacturing firms of Gujranwala, Pakistan. The study’s hypotheses have been checked by analyzing the reliability and validity of data and applying confirmatory factor analysis and structural equation modeling through statistical package for the social sciences and analysis of moment structures. Findings Outcomes of this study supported the hypothesized model. It has been found that the CSRA plays a significant positive role in determining the FP of the firm. Furthermore, the CA and innovation have been proved as significant mediators between CSRA and FP. Originality/value The first time examining the intermediation of innovation and CA in the relationship between CSRA and FP is the primary input of this study to the literature. Practically, this study’s findings will help strategy makers of manufacturing firms in emerging countries develop better strategies for implementing CSRA, enhancing innovation, seeking CA and improving FP.

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Pengaruh Corporate Social Responsibility (CSR) Pada Market Value Added (MVA) Perusahaan Manufaktur Dan Pertambangan

Jurnal Manajemen Teori dan Terapan | Journal of Theory and Applied Management ◽

10.20473/jmtt.v6i2.2664 ◽

2016 ◽

Vol 6 (2) ◽

Author(s):

Rezi Setin Novian ◽

Santi Novita

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Information Disclosure ◽

Value Added ◽

Market Value ◽

Social Aspects ◽

Market Value Added ◽

Csr Disclosure ◽

Corporate Social ◽

Positive Effect

Along with the increase of information disclosure needs by stakeholder, the companies are not only demanded to be responsible for merely economic aspect but also environmental and social aspects. The objective of this research to provide the evidence of the effect of Corporate Social Responsibility (CSR) disclosure to the companies performance using Market Value Added (MVA). The research is using manufacturing and mining companies that listed in Bursa Efek Indonesia (BEI) from the year 2007 to 2011 as samples. The hypothesis was tested using t test and the result of this study is Corporate Social Responsibility (CSR) has positive effect on Market Value Added (MVA).

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Corporate social responsibility, innovation capability and firm performance: evidence from SME

Social Responsibility Journal ◽

10.1108/srj-12-2019-0401 ◽

2020 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Dawit Bahta ◽

Jiang Yun ◽

Md Rashidul Islam ◽

Muhammad Ashfaq

Keyword(s):

Corporate Social Responsibility ◽

Firm Performance ◽

Social Responsibility ◽

Financial Performance ◽

Developing Country ◽

Equation Modeling ◽

Innovation Capability ◽

Content Type ◽

Corporate Social

Purpose The purpose of this paper is to examine corporate social responsibility (CSR) and its effect on small and medium enterprises’ (SMEs) innovation capability and financial performance from the perspective of a developing country. It also aims to explore the role of innovation capability as a mediating factor in the linkage between CSR and SMEs’ financial performance. Design/methodology/approach A questionnaire was distributed among managers/owners of the sampled companies. Using a data set of 402 Eritrean firms and partial least squares structural equation modeling, direct and mediating effects were tested. Findings The result reveals that CSR has a positive and significant effect on the financial performance and innovation capability of SEMs. Besides, innovation capability has a positive and significant effect on the business performance of SMEs. The result also supports a partial mediation effect of innovation capability on the association between CSR and firm performance. Practical implications The findings from this research could enhance the awareness of the entrepreneurs, researchers and policymakers on CSR-SMEs’ relationship and help understand the importance of CSR as a crucial driver mechanism for companies to become more innovative and competitive. Originality/value By empirically examining the relationship between CSR, innovation capability and performance in SMEs, this study contributes to the ongoing scholarly discussion on the linkage between CSR and financial performance. Also, to the best of the authors’ knowledge, no other study investigated the mediating role of innovation capability on the link between CSR activities and firms’ financial performance in SMEs from a developing country perspective, making substantial contributions to research in terms of theory, practice and policy.

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Corporate Social Responsibility Disclosure and Financial Performance: The Mediating Role of Financial Statement Comparability

Sustainability ◽

10.3390/su131810077 ◽

2021 ◽

Vol 13 (18) ◽

pp. 10077

Author(s):

Cao Thi Mien Thuy ◽

Nguyen Vinh Khuong ◽

Nguyen Thi Canh ◽

Nguyen Thanh Liem

Keyword(s):

Corporate Social Responsibility ◽

Stock Market ◽

Social Responsibility ◽

Financial Performance ◽

Financial Statement ◽

Estimation Methods ◽

Mediating Role ◽

Csr Disclosure ◽

Corporate Social

The aim of this study is to investigate the relationship between corporate social responsibility (CSR) disclosure and financial performance with the consideration of the mediating role of financial statement comparability (FSC) for a sample of Vietnamese listed firms. We used content analysis of the information related to the GRI Standards on annual reports in order to construct CSR disclosure score. We used a dataset of 1125 firm-year observations, covering 225 firms listed on Vietnam’s stock market in the period 2014–2018. Applying OLS and GMM estimation methods, Sobel test, and using different proxies of the mediator variable to increase the robustness, we obtained two remarkable conclusions. First, CSR disclosure has a positive impact on the financial performance of listed companies in Vietnam. Second, there is a complementary mediation effect of financial statement comparability in the above relationship. Our results suggest that it is necessary to develop a legal framework for the practice and disclosure of CSR as well as to apply the international accounting standards in the Vietnamese stock market.

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