Pengaruh Investasi CSR Dalam Meningkatkan Profitabilitas dan Harga Saham Perusahaan yang Terdaftar di Indeks Sri Kehati Periode 2011–2015

Abstract

this research aimed to analyze the impact of corporate social responsibility (Csr) in increasing the profitability and stock price. This research used an explanatory research approach or a quantitative analysis. the sampling took thirteen companies registered in sri kehati index at the period of 2011-2015. the developed model consists of three independent variables and two dependent variables. this research used the purposive sampling method. the analytical method used in this study was multiple regression analysis on annual data of 2011 to 2015 period. the results of this study indicated that the environmental CSR has no significant to the profitability (NPM), yet has a positively significant effect on stock price. In addition, economic CSR has no significant on profitability (NPM) and stock price, while social CSR has a positively significant effect on profitability (NPM) and has no significant effect on stock price. The correlation between the three CSR variables to profitability (NPM) and stock price is still relatively weak; i.e. 34.5% for profitability (NPM), and 27.3% for stock price, while the contribution of this variable to NPM is only 11.9%, and 7.5% to the stock price.

The Influence of Corporate Social Responsibility on Financial Performance: Study of Family Business in Central Java

“…This result supports the research of Ramzan et al (2021), Carlo & Francesco (2016), and Alikaj, Nguyen & Medina (2017), which conclude that CSR has a significant positive influence on financial performance. Furthermore, Ramzan et al (2021) and Praharawati et al (2019) also state that CSR gives the firm a competitive advantage, leading to better financial performance. In addition, exemplary CSR implementation by the family business will result in a good reputation and trust with the stakeholders; both are needed by the family business to achieve good financial performance.…”

The effect of corporate social responsibility, capital structure, and current ratio on profitability with firm size as moderating variables on companies in the Jakarta Islamic Index (JII) 2016-2020

“…Corporate social responsibility is a company's obligation to the local community which the company is located and operates. Law of the Republic of Indonesia Number 40 of 2007 Article 74, which regulates environmental and social responsibility, is a rule that is a provision in implementing corporate social responsibility (Praharawati et al, 2019).…”