Csr, Nilai Perusahaan Dan Kinerja Keuangan Perusahaan Pada Industri Pertambangan Dan Manufaktur Di Indonesia

Abstract

This study was done in order to determine the reversible effect from company CSR action on ROA and ROE, as well as to measure the company value using Tobin's Q, size and leverage also used as control variable. In order to test the impact of the variables described above, 28 samples of mining and manufacturing company listed in BEI during two periods are used, which is for three years long, 2009-2010. Analysis model of the data used is the classical assumption, multiple regression and t test. Based on t test result CSR has no effect on Tobin's Q. CSR is also found to have no relation to ROA and ROE, except for environmental dimension for which negative effect was found to ROE. The last finding of this study was ROA has a positive effect on environmental and labor disclosure of CSR, and no effect was found on the community dimension. ROE subsequently found to have a positive effect on the labor and community disclosure, while no effect was found on environmental dimension of CSR. As for that result it is recommended for companies to put CSR as an investment that should be considered in the process of capital budgeting, as CSR is a huge investment and still not being considered by investors and public.

Effect of Corporate Governance, Firm Characteristic, Disclosure of Corporate Social Responsibility (CSR) on Firm Value

“…The results of this research are different from those conducted by Rustiarini (2010) which means that investors in Indonesia have considered corporate social responsibility (CSR) reports in investment decision making. In addition, Margaretha & Witedjo (2017) state that CSR actions implemented as a strategy will only cause irregularities in the use of funds owned by companies that can trigger damage to the company's financial performance. This is alleged because the budgeted funds are quite large with the implementation of CSR that is under-supervised, thus causing inefficiencies.…”

Analisis Creative Accounting Sebagai Variabel Moderasi Dalam Pengaruh Corporate Social Responsibility Terhadap Kinerja Keuangan

“…Selain penelitian ini juga didukung hasil penelitian Ang et al ( 2020), Margaretha & Witedjo (2014) serta Atmadja et al (2019) yang menemukan pengungkapan praktik corporate social responsibility tidak mempengaruhi kinerja keuangan perusahaan. Hal ini dipicu dengan adanya kekurang pedulian atas laporan tanggung jawab sosial di negara berkembang, sehingga praktik corporate social responsibility yang dilakukan di Indonesia masih belum dapat mempengaruhi kinerja perusahaan.…”

Falsafah Kesenian Tanjidor Pada Pelaksanaan Corporate Social Responsibility

“…Pengungkapan CSR menjadi tanda isyarat yang diberikan pi hak manajemen kepada seluruh stakeholder mengenai harapan perusahaan di masa de pan termasuk calon investor, serta menun jukkan nilai lebih yang dimiliki perusa haan atas kepeduliannya terhadap dampak ekonomi, sosial, dan lingkungan yang timbul dari akibat aktivitas perusahaan. CSR men jadi suatu gaya populer yang dianggap oleh perusahaan sebagai suatu aspek yang pa ling relevan dengan semua perusahaan yang ada di seluruh dunia (Margaretha & Witedjo, 2014). Di negara maju CSR menjadi salah satu persyaratan yang harus dipenuhi peru sahaan untuk mendapatkan pinjaman.…”