Effect of Corporate Governance and Corporate Social Responsibility on Financial Performance

Sari, Indah Maha; Anugrah, Rita; Nasir, Azwir

doi:10.21107/jaffa.v8i2.7449

Cited by 4 publications

(7 citation statements)

References 8 publications

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“…If < then reject means that heteroscedasticity occurs, then it must fail to reject so that the assumption is fulfilled. Autocorrelation test is carried out to test the correlation between residuals in one observation and previous observations [15]. The method used to perform the autocorrelation test is Durbin-Watson.…”

Section: Assumption Testmentioning

confidence: 99%

Comparison of M Estimation, S Estimation, with MM Estimation to Get the Best Estimation of Robust Regression in Criminal Cases in Indonesia

Singgih

Fauzan

2022

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Crime incidents that occurred in Indonesia in 2019 based on Survey Based Data on criminal data sourced from the National Socio-Economic Survey and Village Potential Data Collection produced by the Central Statistics Agency recorded 269,324 cases. The high crime rate is caused by several factors, including poverty and population density. Determination of the most influential factors in criminal acts in Indonesia can be done with Regression Analysis. One method of Regression Analysis that is very commonly used is the Least Square Method. However, Regression Analysis can be used if the assumption test is met. If outliers are found, then the assumption test is not completed. The outlier problem can be overcome by using a robust estimation method. This study aims to determine the best estimation method between Maximum Likelihood Type (M) estimation, Scale (S) estimation, and Method of Moment (MM) estimation on Robust Regression. The best estimate of Robust Regression is the smallest Residual Standard Error (RSE) value and the largest Adjusted R-square. The analysis of case studies of criminal acts in Indonesia in 2019 showed that the best estimate was the S estimate with an RSE value of 4226 and an Adjusted R-square of 0.98

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Section: Assumption Testmentioning

confidence: 99%

Comparison of M Estimation, S Estimation, with MM Estimation to Get the Best Estimation of Robust Regression in Criminal Cases in Indonesia

Singgih

Fauzan

2022

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“…Dewan komisaris independen turut mengambil bagian dalam pembentukan tata kelola perusahaan yang baik dengan fungsi melaksanakan pengawasan, memberi nasihat, serta memastikan perusahaan mematuhi ketentuan yang berlaku. Menurut Sari et al, (2020) eksistensi dewan komisaris independen dapat memberikan pandangan mereka dalam posisi tingkat independensi yang tinggi dan tidak bias. Dengan adanya pengawasan dewan komisaris independen, maka tindakan manajemen dapat terkendali sehingga berpengaruh positif terhadap profitabilitas yang dihasilkan perusahaan.…”

Section: Dewan Komisaris Independen Dan Profitabilitasunclassified

“…Dengan adanya pengawasan dewan komisaris independen, maka tindakan manajemen dapat terkendali sehingga berpengaruh positif terhadap profitabilitas yang dihasilkan perusahaan. Linear dengan hal itu, Sari et al, (2020) dan Mahrani & Soewarno (2018) menemukan bahwa dewan komisaris independen berhubungan positif signifkan terhadap profitabilitas perusahaan.…”

Section: Dewan Komisaris Independen Dan Profitabilitasunclassified

“…Implikasinya adalah CSR dapat membuat operasional perusahaan menjadi stabil dan tidak berisiko dimana hal itu mengarah pada profitabilitas perusahaan. Hal ini linear dengan penelitian yang dilakukan oleh Akben-Selcuk (2019), Tsoutsoura (2004), Wu & Shen (2013) dan Sari et al, (2020) menyimpulkan bahwa tanggung jawab sosial perusahaan berpengaruh positif signifikan terhadap profitabilitas perusahaan yakni Return on Asset (ROA).…”

Section: Corporate Social Responsibility Dan Profitabilitasunclassified

“…Perusahaan yang secara rutin melaporkan tanggung jawab sosial yang telah dilaksanakan akan memperoleh reputasi baik di mata masyarakat dan investor. Hasil studi ini mendukung penelitian yang dilakukan oleh Sari et al (2020) yang menyatakan adanya pengaruh signifikan antara pengungkapan CSR dengan profitabilitas perusahaan dikarenakan CSR merupakan salah satu faktor pertimbangan oleh investor dalam memilih keputusan investasi di perusahaan.…”

Section: Pembahasanunclassified

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Implikasi Pengawasan Tata Kelola dan Corporate Social Responsibility Terhadap Profitabilitas di Indonesia

Taufik

Jonathan²

2021

BAKI

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Studi ini menginvestigasi implikasi antara pengawasan dari karakteristik tata kelola-yang terdiri dari dewan komisaris independen, jumlah komite audit, kepemilikan institusional, dan kepemilikan manajerial dan corporate social responsibility (CSR) terhadap profitabilitas. Teknik regresi menggunakan data panel dengan rincian 2.060 data dari perusahaan yang terdaftar di Bursa Efek Indonesia tahun 2015-2019. Kepemilikan manajerial dan CSR berpengaruh positif dan signifikan terhadap return on asset (ROA) sehingga dinilai mereduksi agency cost. Sebaliknya, dewan komisaris independen, jumlah komite audit, dan kepemilikan institusional tidak berpengaruh terhadap ROA sehingga mengkonfirmasi penurunan tata kelola perusahaan di Indonesia. Studi ini berkontribusi menunjukkan adanya regulasi tata kelola "yang hanya dipenuhi" tanpa memberi substansi, serta menekankan bahwa aspek sosial eksisten dalam kajian stakeholder perusahaan.

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Does mandatory corporate social responsibility expenditure affect the financial performance of food and agribusiness firms? Evidence from India

Ali

2023

EBR

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Purpose This paper aims to analyse the effect of mandatory corporate social responsibility expenditure (CSRE) on the performance of food and agribusiness firms in India. Design/methodology/approach This study is based on the firm-level data collected from the Prowess database of the Centre for Monitoring Indian Economy in the year 2019. The data on key characteristics, business performance and CSRE has been compiled from 362 food and agribusiness firms. The descriptive statistics, t-test for equality of means and Spearmzzan correlation analysis have been undertaken to understand the relationship between mandatory CSRE and firm performance across food and agribusiness sectors. Findings Out of 362 food and agribusiness firms, 52.2% have reported expenditure in the implementation of social initiatives under their corporate social responsibility. The results show a significant difference in the firm’s characteristics vis-à-vis with and without CSRE. Further, the findings highlight a positive and significant correlation and causal impact of corporate social responsibility (CSR) on return on sales, return on assets and profit after tax. Practical implications The study provides insights for implementing strategic CSR in food and agribusiness firms and gives an adequate justification for incurring CSRE. Originality/value This paper increases the understanding of CSR in the food and agribusiness sector. Besides, provisioning mandatory CSR seems to be a beneficial proposition for enhancing a firm’s performance.

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Effect of Corporate Governance and Corporate Social Responsibility on Financial Performance

Cited by 4 publications

References 8 publications

Comparison of M Estimation, S Estimation, with MM Estimation to Get the Best Estimation of Robust Regression in Criminal Cases in Indonesia

Comparison of M Estimation, S Estimation, with MM Estimation to Get the Best Estimation of Robust Regression in Criminal Cases in Indonesia

Implikasi Pengawasan Tata Kelola dan Corporate Social Responsibility Terhadap Profitabilitas di Indonesia

Does mandatory corporate social responsibility expenditure affect the financial performance of food and agribusiness firms? Evidence from India

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