CORPORATE SOCIAL RESPONSIBILITY EXPENDITURE DAN KINERJA PERUSAHAAN
DOI:
https://doi.org/10.32815/ristansi.v3i2.1317Keywords:
csr expenditure, firm performanceAbstract
This study aims to analyze the effect of Corporate Social Responsibility Expenditure on company performance and the effect of firm-specific economic variables on Corporate Social Responsibility Expenditure. The research population is all companies listed on the Indonesia Stock Exchange (IDX) except for the banking sector and other financial institutions from 2016 to 2019. Based on the purposive sampling method, 372 samples were obtained. The data is taken from the company's financial statements and tested using the multiple linear regression method. The results of this study indicate that CSR expenditure has a significant effect on ROA, but has no significant effect on CFO. Other findings show that CFO, size, and PM have a significant effect on CSR expenditure. Meanwhile, cash, ATO, and leverage have no significant effect on CSR expenditure.
References
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Utomo, S. D., Meylinasari, V., & Machmuddah, Z. (2017). Biaya Csr: Voluntary Disclosure, Investasi Dan Sinyal? Jurnal Bisnis Dan Ekonomi (JBE), 24(1), 15–23.
Waddock, S. A., & Graves, S. B. (1997). The corporate social performance-financial performance link. Strategic Management Journal, 303–319. https://doi.org/10.1002/(SICI)1097-0266(199704)18:4<303::AID-SMJ869>3.0.CO;2-G
Widiastuty, E., & Soewarno, N. (2019). Csr expenditure and company performance: Charity or signal? Evidence from Indonesia. Quality Innovation Prosperity, 23(3), 22–37. https://doi.org/10.12776/QIP.V23I3.1273
Campbell, J. L. (2007). Why would corporations behave in socially responsible ways? An institutional theory of corporate social responsibility. Academy of Management Review, 32(3), 946–967. https://doi.org/10.5465/AMR.2007.25275684
Candrayati, A.A., & Saputra., D. (2013). Pengaruh Pengungkapan Corporate Social Responsibility Terhadap Kinerja Perusahaan (Studi Empiris Pada Perusahaan Pertambangan Di Bursa Efek Indonesia). E-Jurnal Akuntansi Universitas Udayana.
Chapple, W., & Moon, J. (2005). Corporate social responsibility (CSR) in Asia a seven-country study of CSR Web site reporting. Business and Society, 44(4), 415–441. https://doi.org/10.1177/0007650305281658
Chauhan, S., & Amit. (2014). A Relational Study of Firm’s Characteristics and CSR Expenditure. Procedia Economics and Finance, 11(14), 23–32. https://doi.org/10.1016/s2212-5671(14)00172-5
Coase, R. H. (1937). The Nature of the Firm. Economica, 4(16), 386–405. https://doi.org/10.1111/j.1468-0335.1937.tb00002.x
El Ghoul, S., Guedhami, O., & Kim, Y. (2017). Country-level institutions, firm value, and the role of corporate social responsibility initiatives. In Journal of International Business Studies, 360-385 (Vol. 48, Issue 3). https://doi.org/10.1057/jibs.2016.4
Freeman, R. E. (1994). The Politics of Stakeholder Theory. Business Ethics Quarterly, 4(4), 409–421. https://doi.org/10.5840/10.2307/3857340
Friedman, M. (1970). A Friedman doctrine - The Social Responsibility of Business Is to Increase Its Profits. New York Times Magazine, 6(Newspaper Article), 33,122-124. http://www.nytimes.com/
Ghozali, I., & Chariri, A. (2007). Teori Akuntansi. Semarang: Badan Penerbit Universitas Diponegoro.
Himmelberg, C. P., Hubbard, R. G., & Palia, D. N. (1999). Understanding the determinants of managerial ownership. In Journal of Financial Economics, 353-384 (Vol. 53).
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 305–360. https://doi.org/10.1016/0304-405X(76)90026-X
Jo, H., & Harjoto, M. A. (2011). Corporate Governance and Firm Value: The Impact of Corporate Social Responsibility. Journal of Business Ethics, 103(3), 351–383. https://doi.org/10.1007/s10551-011-0869-y
Kitzmueller, M., & Shimshack, J. (2012). Economic Perspectives on Corporate Social Responsibility. 51–84.
Kubik, J. D., Scheinkman, J. A., & Hong, H. G. (2012). Financial Constraints on Corporate Goodness. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.1784357
Luo, X., & Bhattacharya, C. B. (2009). The debate over doing good: Corporate social performance, strategic marketing levers, and firm-Idiosyncratic risk. Journal of Marketing, 73(6), 198–213. https://doi.org/10.1509/jmkg.73.6.198
Lys, T., Naughton, J. P., & Wang, C. (2015). Signaling through corporate accountability reporting. Journal of Accounting and Economics, 60(1), 56–72. https://doi.org/10.1016/j.jacceco.2015.03.001
Mahendra, D. (2019). Pencitraan oleh CSR. Kompasiana.Com. https://www.kompasiana.com/dixy/5cceae0b95760e61b2190504/pencitraan-oleh-csr
Narver, J. C. (1971). Rational Management Responses to External Effects. Academy of Management Journal, 99–115. https://doi.org/10.5465/254714
Nollet, J., Filis, G., & Mitrokostas, E. (2016). Corporate social responsibility and financial performance: A non-linear and disaggregated approach. Economic Modelling, 52, 400–407. https://doi.org/10.1016/j.econmod.2015.09.019
Preston, L. E., & O’Bannon, D. P. (1997). The corporate social-financial performance relationship: A typology and analysis. Business and Society, 36(4), 419–429. https://doi.org/10.1177/000765039703600406
Rosyada, A., & Astrina, F. (2018). Pengaruh Profitabilitas Dan Ukuran Perusahaan Terhadap Pengung-kapan Tanggungjawab Sosial Pada Perusahan Asuransi Yang Terdaftar Di Bursa Efek Indonesia. Akuntabilitas: Jurnal Penelitian Dan Pengembangan Akuntansi.
Scott, W. R. (2012). Financial Accounting Theory.
Statman, M., & Glushkov, D. (2009). The wages of social responsibility. Financial Analysts Journal, 65(4), 33–46. https://doi.org/10.2469/faj.v65.n4.5
Umar, S. (2018). Pengaruh Profitabilitas, Ukuran Per-usahaan, Leverage, Umur Perusahaan, dan Dewan Komisaris Independen dalam Pengungkapan Corporate Social Responsibility. Universitas Islam Negeri Maulana Malik Ibrahim.
Utomo, S. D., Meylinasari, V., & Machmuddah, Z. (2017). Biaya Csr: Voluntary Disclosure, Investasi Dan Sinyal? Jurnal Bisnis Dan Ekonomi (JBE), 24(1), 15–23.
Waddock, S. A., & Graves, S. B. (1997). The corporate social performance-financial performance link. Strategic Management Journal, 303–319. https://doi.org/10.1002/(SICI)1097-0266(199704)18:4<303::AID-SMJ869>3.0.CO;2-G
Widiastuty, E., & Soewarno, N. (2019). Csr expenditure and company performance: Charity or signal? Evidence from Indonesia. Quality Innovation Prosperity, 23(3), 22–37. https://doi.org/10.12776/QIP.V23I3.1273
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Published
2023-01-03
How to Cite
wedjaja, C. F., & Eriandani, R. (2023). CORPORATE SOCIAL RESPONSIBILITY EXPENDITURE DAN KINERJA PERUSAHAAN. RISTANSI: Riset Akuntansi, 3(2), 178–189. https://doi.org/10.32815/ristansi.v3i2.1317
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