The influence of CSR and corporate governance on the risk of share prices in banking in Indonesia

Paragina, Agnessa Britannia; Leon, Farah Margaretha

doi:10.33062/mjb.v5i2.361

Cited by 2 publications

(2 citation statements)

References 26 publications

(45 reference statements)

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“…According to statistics, more than 90% of the research occurred in the location of the enterprise headquarters. If the distribution of parent companies and subsidiaries is relatively concentrated, institutional investors collect more environmental information in the field investigation process, alleviate the asymmetry of environmental information, and play a more obvious role in the effect of enterprise environmental governance [ 16 , 17 ]. Based on the above analysis, this article puts forward research Hypothesis 2 and Hypothesis 3 .…”

Section: Methodsmentioning

confidence: 99%

[Retracted] How do Institutional Investors Influence Corporate Governance under Legal Psychology

Sheng

2022

Journal of Environmental and Public Health

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In order to give full play to the role of field research of legal psychology institutional investors in promoting enterprise environmental governance, this article puts forward the research on how legal Psychology institutional investors affect the corporate governance environment. Taking the listed companies in the A-share heavy pollution industry of Shenzhen Stock Exchange from 2018 to 2021 as a sample, this article tests the impact and action mechanism of legal Psychology institutional investors’ field research on corporate environmental governance. Hypothesis 1: the field research of legal Psychology institutional investors can promote the environmental governance of enterprises. Hypothesis 2: for enterprises with poor environmental information disclosure, the impact of field research of legal Psychology institutional investors on enterprise environmental governance is more obvious. Hypothesis 3: for enterprises with more concentrated distribution, the impact of field research of legal Psychology institutional investors on enterprise environmental governance is more obvious. Leadership power has the three attributes of management, social psychology, and law, and its essence is the socialization of legal psychology. Under the perspective of legal psychology, the psychological mechanism of leadership power is mainly manifested in three aspects: increasing the social distance, activating the approach system, and inducing the control illusion. The cumulative number of field investigations conducted by the enterprise in the current year +1 is adopted, and the logarithm is taken as the measurement index of the field investigation of legal Psychology institutional investors, which is expressed by Investigate. In the robustness test part, the virtual variables are set by whether the enterprise is investigated in the field in that year. The results show that in uncontrolled years and industries, the regression coefficients of legal Psychology institutional investor investigation and enterprise environmental protection capital investment are 0.0703 and 0.2416, respectively, which are significant at the level of 5%. After controlling the year and industry, the regression results show that the field investigation of legal Psychology institutional investors and enterprise environmental capital investment are still positive, significantly at the level of 5% and 1%, respectively. The environmental capital investment of enterprises with poor environmental information disclosure (0.479 and 1.161) is higher than that of enterprises with good environmental information disclosure (0.252 and 0.618), and the mean t-test maintains the significance level of 1%, indicating that the impact of field research on enterprise environmental governance is more obvious in enterprises with poor environmental information disclosure, which preliminarily verifies Hypothesis 2 of this article. Similarly, when the distribution of enterprises is more concentrated, the environmental capital investment of enterprises is 0.536 and 1.286, which is higher than that of enterprises with a more dispersed distribution (0.315 and 0.778) and maintains a significant level of 1%. The results show that obtaining environmental information is helpful for stakeholders to supervise enterprise environmental governance. Therefore, we should formulate and issue policies and regulations that require enterprises to disclose environmental information as soon as possible, improve the standards of environmental information disclosure, establish an enterprise environmental information disclosure platform, and improve the level and quality of environmental information disclosure.

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Section: Methodsmentioning

confidence: 99%

[Retracted] How do Institutional Investors Influence Corporate Governance under Legal Psychology

Sheng

2022

Journal of Environmental and Public Health

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“…The novelty of this research compared to previous research is in the measurement of CSR variables using the calculation of costs used in CSR activities [5] and the addition of independent variables, namely company size and company age, which will be tested for their influence on the company's financial performance. The purpose of this study, namely to analyze the effect of CSR on financial performance, analyze the effect of company size on financial performance, analyze the impact of company age on financial performance, and analyze the effect of control variables, namely Debt to Equity Ratio (DER) on Financial performance.…”

Section: Manufacturingmentioning

confidence: 99%

The Effect of Corporate Social Responsibility, Company Size and Company Age on the Financial Performance of Manufacturing Companies listed on the Indonesia Stock Exchange (IDX)

Adriansyah

Purnomo²,

Lestari³

et al. 2023

JEMT

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Aims: This study aims to analyze the effect of Corporate Social Responsibility, company size, and company age on the company's financial performance. Financial performance in this study is focused on Return on Equity and Price to Book Value. Study Design: Explanatory Research. Place and Duration of Study: Indonesia between November 2022 to January 2023. Methodology: The data used in this study are secondary data sourced from the annual reports of industrial sector manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the 2017-2021 period. The research sample was selected using the purposive sampling method so that 32 companies were sampled. The data used in this study uses social cost as the basis for calculating CSR, Ln Total Assets as a calculation of company size, the year the company was founded until the research was conducted as a calculation of company age and the DER ratio as a control variable. The data analysis used to test the hypothesis is regression analysis using the Eviews 12 program. Results: The results showed that CSR significantly affects financial performance. The results also show that the company size variable significantly affects company performance. In addition, the results also show that the age of the company and the control variable debt to equity ratio has no significant effect on financial performance with ROE measurement but have a significant impact on PBV financial performance measurement. Conclusion: Social activities carried out by the company can impact the company's financial performance, both positively and negatively. Similarly, the size of a company can contribute to its positive or negative financial performance of the company. But on the other hand, the company's age may or may not affect the company's financial performance, as well as the debt-to-equity ratio, which may or may not affect the company's financial performance.

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The influence of CSR and corporate governance on the risk of share prices in banking in Indonesia

Cited by 2 publications

References 26 publications

[Retracted] How do Institutional Investors Influence Corporate Governance under Legal Psychology

[Retracted] How do Institutional Investors Influence Corporate Governance under Legal Psychology

The Effect of Corporate Social Responsibility, Company Size and Company Age on the Financial Performance of Manufacturing Companies listed on the Indonesia Stock Exchange (IDX)

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