scholarly journals Corporate Social Responsibility (CSR) Disclosure and Corporate Performance for Malaysian Plantation and Consumer Product Sectors.

2018 ◽  
pp. 926-935
Author(s):  
Norwazli Abdul Wahab ◽  
Haslinda Yusoff ◽  
Noryati Ahmad
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Corporate Strategy ◽  
Consumer Products ◽  
Consumer Product ◽  
Tobin’S Q ◽  
Tobin's Q ◽  
Corporate Social ◽  
The Impact

Corporate social responsibility (CSR) activities have turn out to be important for corporate strategy in businesses. With an increased pressure from the stakeholders, these require the management of a company to be transparent and reliable in reporting their CSR activities. Perhaps, it is also imperative for the financial performance in a long term. Thus, the purpose of this study is to investigate the extensiveness of corporate social responsibility disclosure (CSRD) among plantation and consumer products listed companies on Bursa Malaysia. Additionally, this study looking evidence on the relationship between CSRD and company financial performance (CFP) of selected companies. The data is obtained through content analysis of the company annual reports and stand-alone sustainability reports for the period of 2003-2013. Based on the stratified sampling method, 40 companies have been selected. The four independent variables are the CSR framework outlined by Bursa Malaysia (community, environment, marketplace and workplace) and the dependent variables (return on asset and Tobin’s Q) is used in this study. Data were analyzed using E-views software. The findings discovered that consumer product sector recorded the highest CSRD which the workplace dimension become the preference while plantation is the least sector. Furthermore, the findings from the panel data regression models on the impact of CSRD associated with CFP, it revealed that there is a mixed relationship associated with return on assets (ROA) and Tobin’s Q (TQ). The findings of this study were particularly important not only to the existing literature but also for both sectors to consider the importance of CSR activities in their business operation activities.

scholarly journals Corporate Social Responsibility (CSR) Disclosure and Corporate Performance for Malaysian Plantation and Consumer Product Sectors

2019 ◽  
pp. 59-68
Author(s):  
Norwazli Abdul Wahab ◽  
Haslinda Yusoff ◽  
Noryati Ahmad
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Corporate Strategy ◽  
Consumer Products ◽  
Consumer Product ◽  
Tobin’S Q ◽  
Tobin's Q ◽  
Corporate Social ◽  
The Impact

Corporate social responsibility (CSR) activities have turn out to be important for corporate strategy in businesses. With an increased pressure from the stakeholders, these require the management of a company to be transparent and reliable in reporting their CSR activities. Perhaps, it is also imperative for the financial performance in a long term. Thus, the purpose of this study is to investigate the extensiveness of corporate social responsibility disclosure (CSRD) among plantation and consumer products listed companies on Bursa Malaysia. Additionally, this study looking evidence on the relationship between CSRD and company financial performance (CFP) of selected companies. The data is obtained through content analysis of the company annual reports and stand-alone sustainability reports for the period of 2003-2013. Based on the stratified sampling method, 40 companies have been selected. The four independent variables are the CSR framework outlined by Bursa Malaysia (community, environment, marketplace and workplace) and the dependent variables (return on asset and Tobin’s Q) is used in this study. Data were analyzed using E-views software. The findings discovered that consumer product sector recorded the highest CSRD which the workplace dimension become the preference while plantation is the least sector. Furthermore, the findings from the panel data regression models on the impact of CSRD associated with CFP, it revealed that there is a mixed relationship associated with return on assets (ROA) and Tobin’s Q (TQ). The findings of this study were particularly important not only to the existing literature but also for both sectors to consider the importance of CSR activities in their business operation activities.

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.

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.

scholarly journals IMPLEMENTATION OF CORPORATE SOCIAL RESPONSIBILITY ON FINANCIAL PERFORMANCE OF MANUFACTURING COMPANIES IN INDONESIA

2021 ◽  
Vol 5 (2) ◽  
pp. 194-199
Author(s):  
Antony Cang ◽  
Doni Putra Utama
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Sampling Technique ◽  
Sampling Period ◽  
Tobin’S Q ◽  
Manufacturing Companies ◽  
Environmental Disclosure ◽  
Tobin's Q ◽  
Corporate Social

This study is aimed to analyze the influence of Corporate Social Responsibility of financial performance at manufacturing companies listed on the Indonesia Stock Exchange. The sampling period studied was 2014 to 2018. The independent variable in this study was Corporate Social Responsibility which was assessed based on GRI indicators, namely Environmental Disclosure. The dependent variable of this study is financial performance measured by ROA, ROE, Revenues, and Tobin's Q, and the control variables used are Size and Age. The data used in this study were obtained from the company's 2014-2018 financial statements. Determination of the sample using purposive sampling technique in order to obtain a sample of 97 companies. Data analysis methods used are regression and partial t test. The results of this study are that Corporate Social Responsibility effected on financial performance measured by Revenues and Tobin’s Q while Corporate Social Responsibility does not affected on financial performance measured by ROA and ROE.

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

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.

scholarly journals PENGARUH CSR DAN KINERJA KEUANGAN TERHADAP NILAI PERUSAHAAN DENGAN KEPEMILIKAN MANAJERIAL SEBAGAI VARIABEL MODERATING

2021 ◽  
Vol 2 (2) ◽  
pp. 17-22
Author(s):  
Audy Tri Saputra Meha ◽  
Sugeng Hariadi
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Firm Value ◽  
Sampling Method ◽  
Managerial Ownership ◽  
Manufacturing Companies ◽  
Purposive Sampling ◽  
Corporate Social ◽  
The Impact

The purpose of this study is to examine the impact of corporate social responsibility and financial performance on firm value with managerial ownership as an intermediary variable. Corporate social responsibility and financial performance are used as independent variables. Meanwhile, firm value is used as the dependent variable. Managerial ownership is used as a moderating variable in this study. Manufacturing companies in the consumer goods industry sector listed on the Indonesia Stock Exchange in the 2017-2018 period are the population in this study. Purposive sampling method is a sampling method used in this study by producing 27 companies with 2 observations to produce a sample of 54. Multiple linear regression and moderation regression analysis are the analytical methods used in this study. This research shows that corporate social responsibility and financial performance have a positive and significant effect on firm value. Managerial ownership has a negative and significant effect on firm value. Then corporate social responsibility and financial performance with managerial ownership as the moderating variable have a positive and significant effect on firm value.     Tujuan penelitian ini adalah untuk menguji dampak corporate social responsibility dan kinerja keuangan pada nilai perusahaan dengan kepemilikan manajerial sebagai variabel perantara. Corporate social responsibility dan kinerja keuangan digunakan sebagai variable Independen. Sedangkan nilai perusahaan digunakan sebagai variable dependen. Kepemilikan manajerial yang digunakan sebagai variabel moderating dalam penelitian ini. Perusahaan manufaktur sektor industri barang konsumsi yang terdaftar di Bursa Efek Indonesia pada periode 2017-2018 merupakan populasi dalam penelitian ini. Metode purposive sampling merupakan metode penentuan sampel yang digunakan dalam penelitian ini dengan menghasilkan sebanyak 27 perusahaan dengan pengamatan selama 2 sehingga menghasilkan sampel sebanyak 54. Regresi linier berganda dan analisis regresi moderasi merupakan metode analisis yang digunakan dalam penelitian ini. Dari penelitian ini menghasilkan bahwa corporate social responsibility dan kinerja keuangan berpengaruh positif dan signifikan terhadap nilai perusahaan. Kepemilikan manajerial berpengaruh negatif dan signifikan terhadap nilai perusahaan. Kemudian corporate social responsibility dan kinerja keuangan dengan kepemilikan manajerial sebagai variabel moderating berpengaruh positif dan signifikan terhadap nilai perusahaan.

Corporate social responsibility and SME performance: a meta-analysis

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Stephen Oduro ◽  
Kot David Adhal Nguar ◽  
Alessandro De Nisco ◽  
Rami Hashem E. Alharthi ◽  
Guglielmo Maccario ◽  
...  
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Meta Analysis ◽  
Empirical Studies ◽  
Content Type ◽  
Analytic Review ◽  
Managerial Implications ◽  
Corporate Social ◽  
The Impact

PurposeThis study aims to draw on instrumental and ethical theories to offer a quantitative review of the extant literature on the corporate social responsibility (CSR)–small-medium enterprises (SMEs) performance relationship through a meta-analysis.Design/methodology/approachEmpirical studies from 57 independent peer-reviewed articles, including 66,741 firms, were sampled and analysed. Both subgroup and meta-regression analyses (MARA) were used to test the hypotheses of the study.FindingsThe authors' results demonstrated that social-oriented, economic-oriented and environment-oriented CSR activities have a positive, significant influence on overall, financial and non-financial performance of SMEs; however, the effect of social-oriented CSR activities is the strongest. Moreover, the impact CSR dimensions have on non-financial performance is stronger than on financial performance. Additionally, findings showed that the association between CSR and SME performance is positively and significantly influenced by contextual factors (i.e. sector and region of study) and methodological factors (i.e. performance measurement, study type, theory usage, sampling size and operationalisation of constructs).Originality/valueThe study is the pioneering meta-analytic review on the CSR–SME performance relationship, thereby clarifying the anecdotal results, synthesising the fragmented empirical studies and exploring the contextual and methodological factors that may account for between-study variance. Following the study's findings, the authors delineate insightful suggestions for future scholarship and fine-grained managerial implications for practitioners.

scholarly journals Corporate Social Responsibility and Firm Value: The Moderating Effects of Financial Flexibility and R&D Investment

2020 ◽  
Vol 12 (20) ◽  
pp. 8452
Author(s):  
Zhaoyang Guo ◽  
Siyu Hou ◽  
Qingchang Li
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Firm Value ◽  
Idiosyncratic Risk ◽  
Tobin’S Q ◽  
Moderating Effects ◽  
Tobin's Q ◽  
Financial Flexibility ◽  
Corporate Social ◽  
D Investment

Despite the significance of corporate social responsibility (CSR), there remains an extensive debate regarding its implications for firm value. This study examines the moderating effects of financial flexibility and R&D investment on CSR and firm value. Using multiple archival data of 2311 companies from 2010 to 2016, our study finds that CSR is a “double-edged sword” for firm value; specifically, CSR significantly increases systematic risk but reduces firms’ idiosyncratic risk as well as the Tobin’s q. Besides, the results indicate that financial flexibility and R&D investment significantly reduce the negative correlation between CSR and Tobin’s q, the difference between the two being that financial flexibility can reduce the positive relationship between CSR and system risk, while R&D spending can reduce the negative relationship between CSR and idiosyncratic risk. By adding new aspects to the discussion about how CSR affects firm value, the results speak to both theorists and practitioners.

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