Pengaruh Corporate Social Responsibilty Terhadap Profitabilitas Dan Value Creation Dengan Good Corporate Governance Sebagai Variabel Mediasi

Abstract

<p><br />The aim of this study is to determine the influence of Corporate Social Responsibility (CSR) on profitability and value creation by adding Good Corporate Governance (GCG) as mediating variable. Measurement of Corporate Social Responsibility (CSR) using the Kinder Lydenburg Domini (KLD) Social Ratings Data or Clarkson's (1995) RDAP Scale which is an indicator of assessment focused on stakeholders including environmental dimensions, dimensions of product quality , community relations dimensions, dimensions of diversity, as well as the dimensions of employee relations. Measurement of Good Corporate Governance (GCG) uses the Corporate Governance Perception Index (CGPI). Profitability is proxied by Return of Assets (ROA) while value creation is proxied by Economic Value Added (EVA). The study was conducted on companies that consistently received awards as Indonesia Most Trusted Companies in 2018 and 2019 by the Indonesian Institute for Corporate Governance (IICG) and were published in SWA Magazine. Using the purposive sampling method, a sample of 25 companies with a total of 50 annual reports, financial reports and sustainability reports was obtained. The results showed that Corporate Social Responsibility (CSR) had a positive and significant effect on profitability, but did not affect the value creation and Good Corporate Governance (GCG) were not able to mediate the influence of Corporate Social Responsibility (CSR) on profitability but were able to mediate the influence of Corporate Social Responsibility ( CSR) towards value creation.</p>

The effect of social responsibility and managerial ability on firm value-mediated profitability

“…This can be interpreted that the higher CSR disclosure index carried out by company, the more it affects the increase in the company profitability in the return on assets for company operating activities or return on assets (ROA) obtained by company. Results of this study are in line with research by (Amin & Lastanti, 2020;Chapagain, 2021;).…”

“…Stakeholders also play a role in the survival and development of company so that it needs to provide benefits and social responsibility for environment because operating company process certainly has an impact on society (Azhar & Wijayanto, 2018). CSR disclosure on profitability can indicate that if it carries out social responsibility for the surrounding environment then in the long term it will bring a positive impact reflected in company profits and improved financial performance (Amin & Lastanti, 2020;Chapagain, 2021;Y.-C. Chen et al, 2018)…”

Analisis Pengaruh Green Accounting, Kinerja Lingkungan, Biaya Lingkungan Dan Pengungkapan CSR Terhadap Tingkat Profitabilitas Perusahaan (Pada Perusahaan Manufaktur Sektor Industri Barang Konsumsi Di Bursa Efek Indonesia Tahun 2018-2021)

“…Hal ini dilakukan sebagai bagian dari strategi strategis organisasi untuk mengelola hubungan dengan pemangku kepentingan. Menurut (Amin & Lastanti, 2020), pengungkapan CSR adalah publikasi informasi keuangan dan non keuangan tentang bagaimana perusahaan berinteraksi dengan lingkungan sosialnya. Informasi ini ditampilkan dalam laporan tahunan perusahaan atau laporan sosial lainnya.…”