CORPORATE SOCIAL RESPONSIBILITY (CSR):  PROFIT SEEKING OR SOCIAL ACTIVITY?

<h1>ABSTRACT: A company is required to do the Corporate Social Responsibility (CSR) as a form of responsibility to the stakeholders. In general, CSR activities give several impacts on companies and also the surrounding environment or residents. Companies tend to spend a high CSR expenditure with a possibility to influence their profit but some argue that CSR expenditure is related to companies’ social objectives. The research was conducted with the aim to analyze the effect of CSR on future financial performance and corporate social activity. The data of the research uses secondary data through the annual report and financial report of consumer goods manufacturing industries that registered in the Indonesia Stock Exchange. The result of the research showed that CSR expenditure has no significant effect on future financial performance. However, the company will still report their CSR expenditure as a signal to the users of financial statements. Further, the result of this study shows that CSR expenditure has a significant effect on social activities. This research can be used by shareholders, investors, and other companies in choosing a company with a good image seen from their CSR to work with. Afterward, further research is expected to use other moderating variables such as Return on Equity (ROE) or Earning per Share (EPS) in measuring the relationship of CSR and financial performance.</h1> Keywords: Corporate social responsibility, future financial performance, corporate social activity. ABSTRAK: Sebuah perusahaan wajib melakukan Tanggung Jawab Sosial Perusahaan sebagai bentuk tanggung jawab kepada para pemangku kepentingan. Secara umum, kegiatan Tanggung Jawab Sosial Perusahaan memberikan beberapa dampak bagi perusahaan dan juga lingkungan atau atau masyarakat sekitar. Perusahaan cenderung mengeluarkan pengeluaran atas Tanggung Jawab Sosial Perusahaan dengan cukup tinggi dengan harapan dapat mempengaruhi keuntungan perusahaan. Akan tetapi, beberapa berpendapat bahwa pengeluaran dari Tanggung Jawab Sosial Perusahaan berhubungan dengan tujuan sosial perusahaan. Penelitian ini dilakukan dengan tujuan untuk menganalisis pengaruh Tanggung Jawab Sosial Perusahaan terhadap kinerja keuangan masa depan dan aktivitas sosial perusahaan. Data penelitian menggunakan data sekunder melalui laporan tahunan dan laporan keuangan industri manufaktur barang konsumsi yang terdaftar di Bursa Efek Indonesia (BEI). Hasil penelitian menunjukkan bahwa pengeluaran atas Tanggung Jawab Sosial Perusahaan tidak berpengaruh signifikan terhadap kinerja keuangan masa depan perusahaan. Meski demikian, perusahaan tetap akan melaporkan pengeluaran atas Tanggung Jawab Sosial Perusahaan sebagai sinyal bagi pengguna laporan keuangan. Lebih lanjut, hasil penelitian ini menunjukkan bahwa pengeluaran atas Tanggung Jawab Sosial Perusahaan berpengaruh signifikan terhadap kegiatan sosial perusahaan. Penelitian ini dapat digunakan oleh pemegang saham, investor, dan perusahaan lain dalam memilih perusahaan dengan citra yang baik dilihat dari Tanggung Jawab Sosial Perusahaan untuk kepentingan menjalin kerjasama. Selanjutnya penelitian berikutnya diharapkan dapat menggunakan variabel moderasi lain seperti laba atas ekuitas atau penghasilan per saham dalam mengukur hubungan Tanggung Jawab Sosial Perusahaan dan kinerja keuangan perusahaan. Kata kunci: Tanggung jawab sosial perusahaan, kinerja keuangan masa depan, aktivitas sosial perusahaan.

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Pengaruh Kinerja Keuangan Dan Corporate Social Responsibility (CSR) Terhadap Nilai Perusahaan Perbankan Di Bursa Efek Indonesia

Kajian Bisnis STIE Widya Wiwaha ◽

10.32477/jkb.v26i1.267 ◽

2018 ◽

Vol 26 (1) ◽

pp. 95-111

Author(s):

Sulastiningsih Sulastiningsih ◽

Rizka Imanita Sholihati

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Financial Performance ◽

Firm Value ◽

Research Method ◽

Quantitative Research ◽

Annual Report ◽

Stock Exchange ◽

Secondary Data ◽

Corporate Social

This study aims to determine whether the financial performance measured by using CAR, ROA, LDR, BOPO, and CSR can affect the value of banking companies as measured by using PBV. This study uses secondary data taken from the annual report of banking companies during the year 2012-2016 listed on the Indonesia Stock Exchange. The number of samples of this study as many as 25 banking companies with a total of 125 data. This research method is quantitative research. The results of this study indicate the effect of CAR, ROA, LDR, BOPO, and CSR variables on firm value measured by using PBV in a banking company listed on the Indonesia Stock Exchange. Keywords: CAR, ROA, LDR, BOPO, CSR, PBV

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APAKAH GOOD CORPORATE GOVERNANCE DAN CORPORATE SOCIAL RESPONSIBILITY BERPENGARUH TERHADAP PROFITABILITAS PERUSAHAAN LQ45?

Jurnal Ilmiah Akuntansi dan Bisnis ◽

10.38043/jiab.v4i1.2145 ◽

2019 ◽

Vol 4 (1) ◽

pp. 14

Author(s):

Novia Eka Sariantono ◽

Luh Putu Mahyuni

Keyword(s):

Corporate Governance ◽

Corporate Social Responsibility ◽

Social Responsibility ◽

Stock Exchange ◽

Secondary Data ◽

Listed Companies ◽

Annual Reports ◽

Return On Equity ◽

Good Corporate Governance ◽

Corporate Social

Do Good Corporate Governance and Corporate Social Responsibility Influence Profitability of LQ45 Listed Companies. This study aims to examine the influence of good corporate governance and corporate social responsibility on profitability of LQ45 listed companies in Indonesia Stock Exchange. The data analyzed were secondary data in the form of annual reports and sustainability report. The data were analyzed using multiple linear regression. The results of this research indicate: (1) Good corporate governance (GCG) has a significant effect on profitability of LQ45 listed companies; (2) Corporate social responsibility (CSR) does not have a significant effect on profitability of LQ45 listed companies. This research provides empirical evidence that implementation of GCG could influence profitability, while the implementation of CSR does not influence profitability. Keywords: Good corporate governance, corporate social responsibility, independent commissioner board, corporate social responsibility, disclosure index, return on equity

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ANALYSIS OF THE INFLUENCE OF CORPORATE SOCIAL RESPONSIBILITY ON CORPORATE PERFORMANCE (Empirical Study on Manufacture Companies Listed on Stock Exchanges in Indonesia Periode 2010 - 2012 )

Jurnal Akuntansi Trisakti ◽

10.25105/jat.v1i1.4803 ◽

2014 ◽

Vol 1 (1) ◽

pp. 78

Author(s):

Wiyan Patria ◽

Rossje V Suryaputri

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Financial Performance ◽

Corporate Performance ◽

Stock Exchange ◽

Abnormal Returns ◽

Stock Exchanges ◽

Return On Equity ◽

Unexpected Earnings ◽

Corporate Social

The purpose of this study is to determine the influence of corporate social responsibility on corporate performance. Samples were taken as much as 252 which consists of 84 companies listed on the Indonesia Stock Exchange in 2010- 2012. The variables used in this study are (ROE (return on equity), CSR (corporate social responsibility), CAR (Cumulative abnormal returns. DER (debt to equity ratio), SG (Sales growth), Beta, EU (Unexpected earnings ) as control variables.The results Showed that CSR does not have a significant influence on Return On Equity (ROE) as a measurement of financial performance and the company's cumulative abnormal return (CAR) as a performance measurement of the company's market. In the future studies are advised to conduct research with other variables in addition to Corporate Social Responsibility (CSR) which may affect the company's financial performance and corporate markets.

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EFFECTS OF FINANCIAL PERFORMANCE AND CORPORATE SOCIAL RESPONSIBILITY ON COMPANY VALUES: CASE OF BANKS LISTED ON THE INDONESIA STOCK EXCHANGE

ACCOUNTABILITY ◽

10.32400/ja.24758.8.2.2019.75-84 ◽

2019 ◽

Vol 8 (2) ◽

pp. 75

Author(s):

Larey Wahongan

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Financial Performance ◽

Stock Exchange ◽

Secondary Data ◽

Financial Statements ◽

Independent Variables ◽

Dependent Variables ◽

Independent Variable ◽

Corporate Social

This study aims to analyze the effect of financial performance and corporate social responsibility (CSR) on the value of the company at banks listed on the Indonesia Stock Exchange for the period 2013-2017. The data used are secondary data, namely financial statements published on the Indonesia Stock Exchange's website during the period 2013-2017 which contain information about the ratio of banking financial performance (NPL, LDR, ROA, and CAR), Corporate Social Responsibility (CSR), and Value Companies with Tobin's Q method. This study consists of dependent variables and independent variables. The dependent variable is the value of the company, while the independent variable is financial performance and Corporate Social Responsibility (CSR).

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A Study on the Impact of Corporate Social Responsibility on Financial Performance of Companies in India

Asia-Pacific Journal of Management Research and Innovation ◽

10.1177/2319510x211005662 ◽

2020 ◽

Vol 16 (3) ◽

pp. 229-237

Author(s):

Ramandeep Kaur ◽

Trupti Dave

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Financial Performance ◽

Stock Exchange ◽

Secondary Data ◽

Annual Reports ◽

Socially Responsible ◽

Corporate Social ◽

The Impact ◽

Business Philosophy

The main aim of this study is to investigate the impact of corporate social responsibility (CSR) on the financial performance of selected companies listed in the BSE, formerly known as the Bombay Stock Exchange in India. This study is purely based upon the secondary data collected from companies’ annual reports and sustainability reports for last three years ranging from 2016–2017 to 2018–2019. The results indicate that the involvement in socially responsible initiatives has a significantly positive effect on the financial performance of the firms. These findings provide insights to the management to assimilate firm’s CSR initiatives with its strategic business policies and, thus, to renovate the business philosophy from a traditional profit-oriented approach to a socially responsible approach.

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PENGARUH KINERJA KEUANGAN DAN CORPORATE SOCIAL RESPONSIBILITY TERHADAP NILAI PERUSAHAAN (STUDI EMPIRIS PERUSAHAAN PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2012-2014

Jurnal STEI Ekonomi ◽

10.36406/jemi.v25i2.94 ◽

2017 ◽

Vol 25 (2) ◽

pp. 137-158

Author(s):

Nelli Novyarni

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Financial Performance ◽

Sampling Method ◽

Stock Exchange ◽

Secondary Data ◽

Total Observation ◽

Data Collection Technique ◽

Corporate Social ◽

Positive Effect

Abstract- Factors known value of the company as follows. Factor financial performance and Corporate Social Responsibility one that affects the value of the company. This study aimed to test whether the effect of Financial Performance and Corporate Social Responsibility (CSR) to Corporate Value on banking company listed on the Indonesia Stock Exchange (BEI). This research uses descriptive quantitative approach, which is measured using multiple linear regression based SPSS 21.0. the population of this study is the banking companies listed in Indonesia Stock Exchange (BEI) in 2012 through 2014. The sample was determined by purposive sampling method, with a sample of 17 banking companies, bringing the total observation in this study were 51 observations. The data used in this research is secondary data. The data collection technique using the method of documentation via the official website IDX: www.idx.co.id. Hypothesis testing using t test. The research proves that (1) Financial Performance affect the Company's value in the banking companies listed on the Stock Exchange 2012-2014, (2) Corporate Social Responsibility positive effect is not significant to the Company's value in banking companies listed on the Stock Exchange 2012-2014, (3) financial performance and Corporate Social Responsibility collectively together have an influence on the value of companies in bannking companies listed on the stock exchange 2012-2014.

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Pengaruh Corporate Social Responsibility terhadap Kinerja Keuangan Perusahaan dan Earning Management sebagai Variabel Moderasi

Journal of Entrepreneurship & Business ◽

10.24123/jerb.v1i1.2820 ◽

2020 ◽

Vol 1 (1) ◽

pp. 11-20

Author(s):

Jessica Ang ◽

Werner Ria Murhadi ◽

Endang Ernawati

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Financial Performance ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Target Population ◽

Multiple Linear Regression Analysis ◽

Earning Management ◽

Moderating Variables ◽

Corporate Social

This study aims to analyze the effect of corporate social responsibility on a company’s financial performance with earning management as a moderating variable. The variables used in this study are corporate social responsibility, firm age, firm size, leverage, and earning management as moderation variables. This research uses a quantitative approach using multiple linear regression analysis. The target population in this study are all non-financial sector companies listed on the Indonesia Stock Exchange (IDX) in 2014-2018, which amounted to 875 observations. The results showed that corporate social responsibility variable has no significant influence on financial performance. The analysis with moderating variables show that earning management can strengthen the relationship between corporate social responsibility and financial performance. Keywords: corporate social responsibility, financial performance, earning management

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ANALISIS PENGARUH LIKUIDITAS, PROFITABILITAS DAN CORPORATE SOCIAL RESPONSIBILITY TERHADAP STOCK RETURNS

Eqien: Jurnal Ekonomi dan Bisnis ◽

10.34308/eqien.v6i2.96 ◽

2019 ◽

Vol 6 (2) ◽

pp. 44-57

Author(s):

Gusganda Suria Manda

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Stock Returns ◽

Stock Exchange ◽

Secondary Data ◽

Profit Margin ◽

Return On Equity ◽

Library Research ◽

Net Profit ◽

Corporate Social

This research is a quantitative research. The population in this study is companies owned by state-owned companies listed on the Indonesia Stock Exchange for the period 2013-2018, amounting to 20. Sample selection using purposive sampling techniques and obtained 16 companies as research samples. The type of data used is secondary data. The method of library research or library research and documentation is used as a data collection technique. Data analysis methods used in this research are descriptive statistical analysis, classic assumption test, and hypothesis testing. Data is processed with IBM SPSS Version 22.0 for windows. Based on the results of the study indicate that the variable Net Profit Margin, Return on Equity, and Corporate Social Responsibility have a significant and significant effect on stock returns. Meanwhile, the variable Return on Assets and Price Earning Ratio has no effect on stock returns. The value of the determinant coefficient (R2) produced was 0.444 or 44.4%. This shows that the Net Profit Margin, Return on Equity, and Corporate Social Responsibility variables affect the stock returns of state-owned enterprises listed on the Indonesia stock exchange in the 2013-2018 period that is equal to 44.4%, while the remaining 55.6% is influenced by variables other than research.

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Corporate Social Responsibility on Financial Performance: A Study of the Bangladeshi DSE Listed Private Commercial Banks

Indian-Pacific Journal of Accounting and Finance ◽

10.52962/ipjaf.2020.4.4.110 ◽

2020 ◽

Vol 4 (4) ◽

pp. 3-12

Author(s):

Fatima Saki

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Financial Performance ◽

Commercial Banks ◽

Stock Exchange ◽

Sampling Technique ◽

Simple Random Sampling ◽

Return On Equity ◽

Corporate Social ◽

The Impact

The fundamental purpose of the study is to examine the impact of corporate social responsibility (CSR) on the financial performance (FP) of Private Commercial Banks (PCBs) in Bangladesh. The study uses a simple random sampling technique. Ten (10) PCBs are selected as samples for the study from the Dhaka Stock Exchange (DSE) listed companies. Statistical analysis tools such as regression, analysis of variance (ANOVA), and correlation are applied to collected data to examine CSR's impact on selected banks' financial performance. In the study, net profit after tax (NPAT), earnings per share (EPS), net asset value per share (NAVPS), return on assets (ROA), return on equity (ROE), and market value per share (MVPS) are considered as dependent variables and the independent variable, corporate social responsibility (CSR). The findings reveal that the EPS, NAVPS and MVPS of the selected banks are significantly influenced by CSR 56.4, 62.0, and 59.8 percent, respectively. In contrast, CSR has an insignificant relationship with NPAT, ROA, and ROE. The study also indicates a high degree positive and statistically significant correlation between CSR and financial performance (EPS, NAVPS, and MVPS). CSR influences financial performance essentially, so considering social benefits, the banks should perform CSR activities emphasizing educational, environmental, and health issues.

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Pengaruh Tanggung Jawab Sosial dan Modal Intelektual terhadap Kinerja Keuangan Perusahaan (Studi pada BUMN yang Terdaftar di Bursa Efek Indonesia)

Jurnal Akun Nabelo: Jurnal Akuntansi Netral, Akuntabel, Objektif ◽

10.22487/j26223090.2018.v1.i1.10487 ◽

2018 ◽

Vol 1 (1) ◽

Author(s):

Rahmatiah Rahmatiah ◽

Noor Riefma Hidayah

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Financial Performance ◽

Intellectual Capital ◽

Stock Exchange ◽

Secondary Data ◽

Total Sample ◽

State Owned Enterprise ◽

Corporate Social ◽

Research Period

This research aims to know and analyze the effect of social responsibility and intellectual capital both simultaneously and partially to company’s financial performance at state-owned enterprise (BUMN) listed on the Indonesia Stock Exchange. The type of research is quantitative and with the using secondary data. The total sample is nine companies which the research period is 2011-2015. Results show that simultaneously corporate social responsibility and intellectual capital influence the finance performance. Corporate social responsibility do not have effect while intellectual capital influence the financial performance partially.

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