Corporate Social Responsibility's (CSR) Impact on Financial Performance: Moderating Effects of Earnings Management and Leverage

Kusumawati, Rita; Asyilah, Nurul Hilmi; Bukhori, Iskandar

doi:10.18196/mb.v13i2.12888

Cited by 6 publications

(8 citation statements)

References 17 publications

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“…However, the relationship between the investment opportunity set and debt policy cannot be proven in this study (Ainul et al, 2023). Second, "Corporate Social Responsibility's (CSR) Impact on Financial Performance: Moderating Effects of Earnings Management and Leverage" (Rita et al, 2022) This research attempts to test the impact of CSR on financial performance, with earnings management and leverage acting as moderating factors. The analysis results indicated that CSR had no significant effect on financial performance; earnings management could not The rest of this paper elaborates upon the related literature.…”

Section: Sinurat Ilham Sinta and Ahmadmentioning

confidence: 99%

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The Debt Policy and Performance of State-Owned Companies in Indonesia

Sinurat,

Ilham,

Sinta

et al. 2024

MABIS

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Research Aims: This research aims to explore the factors influencing debt policy in "red-license plate" companies in Indonesia from 2010 to 2020. Design/Methodology/Approach: The research method used is empirical studies to achieve the study's objectives.Research Findings: The first analysis result showed that their debt policy was significantly determined by collateral value of assets, profitability, company size, business risk, liquidity. However, those factors partly clarified the policies, whereas other factors outside the observation defined the rest. The result of the second analysis meanwhile showed that the debt policy has significant negative impact on the company performance both long-term and short-term period.Theoretical Contribution/Originality: Several research strategies that may be useful in this respect are discussed, and a typology of constructs is proposed on the basis of this analysis is Short term debt policy, Long term debt policy, and The thermal design power are as latent variables; the collateral value of assets, Profitability, Company size, Business risk, Growth opportunity, and Liquidity are construct variables.Practitioners/Policy Implications: The first stage of analysis is intended to examine the factors influencing debt policy, both total debt policy, short term debt policy, and long-term debt.Research Limitations/Implications: Considering the limited amount of data available, this study conducts a risk assessment based on historical data only. A more complete identification of risks and vulnerabilities will include a forward-looking assessment using sensitivity analysis, scenarios, and testing of debt policies on "state-owned" companies in Indonesia from 2010 to 2020 and the impact of debt policies on the financial performance of companies during that period. We will next explain the methods used to achieve the objectives of the study. Furthermore, it further describes the results of research and discussion and winds up with conclusions and suggestions.

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Section: Sinurat Ilham Sinta and Ahmadmentioning

confidence: 99%

“…The independent variable used is limited. " (Rita et al, 2022) ROE was the only indicator used to measure financial performance. Information about the company's CSR disclosure was only available from the annual report, and not all the disclosure's components were included.…”

Section: Sinurat Ilham Sinta and Ahmadmentioning

confidence: 99%

The Debt Policy and Performance of State-Owned Companies in Indonesia

Sinurat,

Ilham,

Sinta

et al. 2024

MABIS

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“…Selain itu, kewajiban yang digariskan dalam UU No. 40 tahun 2007 menekankan pentingnya penerapan CSR di berbagai industri, termasuk yang terkait dengan sumber daya alam, yang telah berkontribusi positif dalam mendorong pembangunan berkelanjutan di Indonesia (Kusumawati et al, 2022). Selain itu, penerapan CSR yang diwajibkan juga telah memainkan peran penting dalam mengurangi kemiskinan dan ketidaksetaraan.…”

Section: Bentuk Pelaksanaan Csr Menurut Undang-undang Perseroan Terba...unclassified

Pengaturan CSR Dalam Rangka Percepatan Pembangunan Sosial Dan Lingkungan Di Indonesia

Sumiyati,

Hendar,

Wiyanti

2023

Anterior J

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Tanggung Jawab Sosial Perusahaan telah menjadi aspek penting dalam manajemen perusahaan di Indonesia. Tujuan utama penerapan CSR di Indonesia adalah untuk menciptakan lingkungan bisnis yang berkelanjutan yang memenuhi kebutuhan berbagai pemangku kepentingan sekaligus memajukan tujuan sosial, lingkungan, dan ekonomi. Hal ini termasuk bertanggung jawab atas kegiatan perusahaan yang dapat menyebabkan kerusakan pada lingkungan dan menjaga kesejahteraan masyarakat setempat. Selain itu, sesuai dengan amanat UU No. 40 tahun 2007, semua perusahaan yang terdaftar di Indonesia diwajibkan untuk menerapkan praktik CSR yang berfokus pada pembangunan ekonomi berkelanjutan dengan tetap menyeimbangkan dimensi sosial dan lingkungan dalam kegiatan bisnis Perusahan. Sehingga dengan pengaturan CSR ini mampu menciptakan pembangunan Sosial dan lingkungan yang baik, serta mampu memberikna dampak positif bagi perusahaan tersebu. Penelitian ini menggunakan penelitian normatif empiris, dengan pendekatan peraturan perundang-undangan dan doktrinal, serta menggunakan sumber data sekunder dari bahan hukum primer, dan di analisis menggunakan analisis seskriptif. Sehingga menghasilkan simpulan bahwa pengaturan CSR dalam ranka percepatan pembangunan sosial ini mampu memberikan kontribusi besar bagi sosila dan lingkungan serta bermanfaat bagi perusahaan.

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“…Based on previous research, CSR can have positive or negative effects on profitability that need further analysis. Meanwhile, some previous studies found the moderating role of leverage on the CSR effect on the profitability of non-bank firms (Kusumawati, Asyilah, & Bukhori, 2022;Rosiana & Akhmadi, 2023). Since banks as intermediaries have different types of leverage than non-bank firms, this research analyzes the influence of CSR with leverage as a moderating variable on the profitability of listed banks in Indonesia.…”

mentioning

confidence: 97%

The Effect Of Corporate Social Responsibility On Profitability With Leverage As Moderating Variable

Warninda,

Faujiyah

2023

J. of Mgmt. & Bus. Insight

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Purpose- This study aims to analyze the effect of corporate social responsibility on the profitability of listed banks in Indonesia and analyze leverage as the moderating variable. Design/Methodology/Approach- This research uses data from 14 listed banks in the Indonesia Stock Exchange from 2017-2021. The equations to analyze the influence of corporate social responsibility and some control variables (firm size, capital adequacy ratio, leverage, and inflation) on profitability and the influence of leverage as a moderating variable are estimated using Fixed-Effect panel data regression. Findings- The results of this research show that firm size, capital adequacy ratio, leverage, and rate of inflation variables have a positive influence on profitability. Meanwhile, corporate social responsibility and the moderating effect of leverage do not significantly influence profitability. Research limitations/implications- The research findings are expected to become a reference for the investor and the bank management on the influence of corporate social responsibility on a listed bank's profitability and the effect of leverage as a moderating variable. Originality/value- As an intermediary, banks have different types of leverage than non-bank companies. This study analyzes the impact of corporate social responsibility with leverage as a moderating variable on the profitability of listed banks in the Indonesian Stock Exchange.

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Corporate Social Responsibility's (CSR) Impact on Financial Performance: Moderating Effects of Earnings Management and Leverage

Cited by 6 publications

References 17 publications

The Debt Policy and Performance of State-Owned Companies in Indonesia

The Debt Policy and Performance of State-Owned Companies in Indonesia

Pengaturan CSR Dalam Rangka Percepatan Pembangunan Sosial Dan Lingkungan Di Indonesia

The Effect Of Corporate Social Responsibility On Profitability With Leverage As Moderating Variable

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