Exploring the Role of Environmental Impact in Maximizing the Effect of CSR on Profitability
Abstract
This study aims to look at the effect of CSR on profitability and environmental impact as a moderating variable in the relationship between CSR and profitability. The method used in this study is a quantitative method with secondary data derived from sustainability reports of wholesale, retail, telecommunications, mining, transportation and public utility sector companies in 2022. Sample selection using purposive sampling method with a population of 148 companies listed on Osiris. The sample used was 124. This data is processed using multiple linear regression tests. The results showed that CSR has no significant effect on profitability proxied by NPM. Environmental impact does not moderate the relationship between CSR and profitability. Environmental impact has a positive effect on profitability which is a new discovery in the study. The results of this study can contribute to companies and investors in decision making.
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References
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Pondrinal, M. (2019). Pengaruh Pengungkapan Corporate Social Responsibility (CSR) Terhadap Kinerja Keuangan Di Perusahaan Yang Go Public. Jurnal Ekobistek, 51–59. https://doi.org/10.35134/ekobistek.v8i1.33
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Pramudita, N. A., & Widianingsih, L. P. (2023). CSR, GCG, dan Kinerja Keuangan: Bukti Empiris dari Perusahaan Sektor Energi dan Basic Material di Indonesia. Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah, 6(1), 977–1002. https://doi.org/10.47467/alkharaj.v6i1.3863
Puspitasari, E., Widati, L. W., Suwarti, T., & Meiranto, W. (2024). Profiling Pengukuran: Return On Invested Capital dan Intellectual Capital. Ratio: Reviu Akuntansi Kontemporer Indonesia, 5(1).
Puyo, M., Sutadji, I. M., & Indriastuty, N. (2024). I Implementasi Corporate Social Responsibility PT. Aneka Tambang Tbk Berdasarkan POJK NO.51/POJK.03/2017. KRISNA: Kumpulan Riset Akuntansi, 15(2), 341–360. https://doi.org/10.22225/kr.15.2.2024.341-360
Ramadhan, M. I. B., Abdurahim, A., & Sofyani, H. (2019). Modal Intelektual Dan Kinerja Maqashid Syariah Perbankan Syariah Di Indonesia. JURNAL AKUNTANSI DAN KEUANGAN ISLAM, 6(1), 5–18. https://doi.org/10.35836/jakis.v6i1.6
Rosyid, F. A., Ginting, F. A., & Wibowo, A. P. (2020). Analisis Dampak Investasi Terhadap Perekonomian Daerah: Studi Kasus Investasi Pertambangan Mineral Logam Provinsi Papua. Indonesian Mining Professionals Journal, 2(1), 11–28. https://doi.org/10.36986/impj.v2i1.18
Santoso, E. B. (2021). Pengaruh Pengungkapan Tanggung Jawab Sosial terhadap Manajemen Laba. Business and Finance Journal, 6(2), 147–154. https://doi.org/10.33086/bfj.v6i2.2421
Schreck, P. (2011). Reviewing the Business Case for Corporate Social Responsibility: New Evidence and Analysis. Journal of Business Ethics, 103(2), 167–188. https://doi.org/10.1007/s10551-011-0867-0
Setiyawati, H., & Basar, Y. S. (2017). Pengaruh Pengungkapan Corporate Social Responsibility Dan Penerapan Good Corporate Governance Terhadap Tingkat Profitabilitas (Studi Empiris Pada Perusahaan Sektor PertambanganYang Terdaftar Di BEI. Jurnal Akuntansi, 21(3), 351. https://doi.org/10.24912/ja.v21i3.266
Tjoa, E. V., & Patricia, L. (2022). Green Accounting, Environmental Performance, and Profitability: Empirical Evidence on High Profile Industry in Indonesia. Research In Management and Accounting, 5(2), 93–105. https://doi.org/10.33508/rima.v5i2.4158
Uci Rosalinda, U., Cris Kuntadi, & Rachmat Pramukty. (2022). Literature Review Pengaruh GCG, CSR Dan Ukuran Perusahaan Terhadap Kinerja Keuangan Perusahaan. Jurnal Ekonomi Manajemen Sistem Informasi, 3(6), 667–673. https://doi.org/10.31933/jemsi.v3i6.1108
Wulandari, S. (2020). Pengaruh Corporate Social Responsibility (CSR) Disclosure terhadap Profitabilitas Perusahaan. Jurnal Ekonomi Akuntansi Dan Manajemen, 19(1), 1. https://doi.org/10.19184/jeam.v19i1.15436
Ambarwati, J., & Vitaningrum, M. R. (2021). Pengaruh Likuiditas Dan Profitabilitas Terhadap Nilai Perusahaan. COMPETITIVE Jurnal Akuntansi Dan Keuangan, 5(2), 128. https://doi.org/10.31000/competitive.v5i2.4313
Amor-Esteban, V., García-Sánchez, I.-M., & Galindo-Villardón, M.-P. (2018). Analysing the Effect of Legal System on Corporate Social Responsibility (CSR) at the Country Level, from a Multivariate Perspective. Social Indicators Research, 140(1), 435–452. https://doi.org/10.1007/s11205-017-1782-2
Deanovena H., D. (2018). Analisis pengendalian internal siklus pembelian dan persediaan (Studi kasus pada PT Graha Solusindo Putra). Undergraduate Thesis, Widya Mandala Catholic University Surabaya.
Elkington, J. (1998). Accounting For The Triple Bottom Line. Measuring Business Excellence, 2(3), 18–22. https://doi.org/10.1108/eb025539
Erari, A., & Nurjanah, F. (2021). Pengaruh Penerapan Corporate Social Responsibility Terhadap Profitabilitas Perusahaan Manufaktur yang Tercatat Di BEI. JUMABIS (Jurnal Manajemen Dan Bisnis), 5(1), 14–19. https://doi.org/10.55264/jumabis.v5i1.71
Erawati, T., & Cahyaningrum, D. (2021). Pengaruh Corporate Social Responsibility (CSR) Terhadap Nilai Perusahaan dengan Kepemilikan Manajerial Sebagai Variabel Pemoderasi. Journal of Accounting, Finance, Taxation, and Auditing (JAFTA), 2(2), 151–170. https://doi.org/10.28932/jafta.v2i2.3296
Fathimah, N. A., & Hertina, D. (2022). Pengaruh Return on Asset, Return on Equity, dan Net Profit Margin terhadap pertumbuhan laba pada perusahaan sub sektor farmasi yang terdaftar di Bursa Efek Indonesia tahun 2016-2020. Fair Value: Jurnal Ilmiah Akuntansi Dan Keuangan, 5(5), 2094–2104. https://doi.org/10.32670/fairvalue.v5i5.2715
Gunawan, L. S. (2023). Konflik Pertambangan di Indonesia: Studi Kasus Tambang Emas Martabe dan Upaya Meningkatkan Partisipasi Masyarakat dan Penegakan Hukum dalam Industri Pertambangan. Jurnal Pendidikan Tambusai, 7(1), 2062–2074.
Harefa, M. (2020). Dampak Sektor Pariwisata terhadap Penerimaan Daerah di Kabupaten Belitung [Impact of Tourism Sector on Regional Income in Belitung Regency]. Jurnal Ekonomi Dan Kebijakan Publik, 11(1), 65–77. https://doi.org/10.22212/jekp.v11i1.1487
IESR. (2022). Climate Transparency Report 2022 Indonesia Profile. https://iesr.or.id/en/download/iesr-climate-transparency-report-2022-indonesia-profile-en
Kahfi, M. A. H., Syamsuddin, S., Sahrir, S., & Pratiwi, I. (2023). Pengaruh Triple Bottom Line, Environmental Accounting Terhadap Corporate Social Responsibility. Media Bina Ilmiah, 17(7), 1661–1668.
Kasmir. (2018). Analisis Laporan Keuangan (11th ed.). PT Rajagrafindo Persada.
Kemenperin. (2023). Transformasi Industri Indonesia Menuju Net Zero Emissions 2050. https://arsi.kemenperin.go.id/Berita17.html
Khoesuma, M. (2022). Pengaruh Corporate Social Responsibility Terhadap Kinerja Keuangan Perusahaan Kelapa Sawit Di Bursa Efek Indonesia. Media Akuntansi Dan Perpajakan Indonesia, 3(2), 103–120. https://doi.org/10.37715/mapi.v3i2.1903
Mena, T. D., Tyas, W. P., & Budiati, R. E. (2019). Kajian Dampak Lingkungan Industri Terhadap Kualitas Hidup Warga Sekitar. JKM (Jurnal Kesehatan Masyarakat) Cendekia Utama, 7(1), 156. https://doi.org/10.31596/jkm.v7i1.384
Moratis, L., & van Egmond, M. (2018). Concealing social responsibility? Investigating the relationship between CSR, earnings management and the effect of industry through quantitative analysis. International Journal of Corporate Social Responsibility, 3(1), 8. https://doi.org/10.1186/s40991-018-0030-7
Pondrinal, M. (2019). Pengaruh Pengungkapan Corporate Social Responsibility (CSR) Terhadap Kinerja Keuangan Di Perusahaan Yang Go Public. Jurnal Ekobistek, 51–59. https://doi.org/10.35134/ekobistek.v8i1.33
PPID | Kementrian Lingkungan Hidup dan Kehutanan. (2023, December 29). Kinerja Pengendalian Pencemaran dan Kerusakan Lingkungan Tahun 2023. https://ppid.menlhk.go.id/berita/siaran-pers/7573/kinerja-pengendalian-pencemaran-dan-kerusakan-lingkungan-tahun-2023
Pramudita, N. A., & Widianingsih, L. P. (2023). CSR, GCG, dan Kinerja Keuangan: Bukti Empiris dari Perusahaan Sektor Energi dan Basic Material di Indonesia. Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah, 6(1), 977–1002. https://doi.org/10.47467/alkharaj.v6i1.3863
Puspitasari, E., Widati, L. W., Suwarti, T., & Meiranto, W. (2024). Profiling Pengukuran: Return On Invested Capital dan Intellectual Capital. Ratio: Reviu Akuntansi Kontemporer Indonesia, 5(1).
Puyo, M., Sutadji, I. M., & Indriastuty, N. (2024). I Implementasi Corporate Social Responsibility PT. Aneka Tambang Tbk Berdasarkan POJK NO.51/POJK.03/2017. KRISNA: Kumpulan Riset Akuntansi, 15(2), 341–360. https://doi.org/10.22225/kr.15.2.2024.341-360
Ramadhan, M. I. B., Abdurahim, A., & Sofyani, H. (2019). Modal Intelektual Dan Kinerja Maqashid Syariah Perbankan Syariah Di Indonesia. JURNAL AKUNTANSI DAN KEUANGAN ISLAM, 6(1), 5–18. https://doi.org/10.35836/jakis.v6i1.6
Rosyid, F. A., Ginting, F. A., & Wibowo, A. P. (2020). Analisis Dampak Investasi Terhadap Perekonomian Daerah: Studi Kasus Investasi Pertambangan Mineral Logam Provinsi Papua. Indonesian Mining Professionals Journal, 2(1), 11–28. https://doi.org/10.36986/impj.v2i1.18
Santoso, E. B. (2021). Pengaruh Pengungkapan Tanggung Jawab Sosial terhadap Manajemen Laba. Business and Finance Journal, 6(2), 147–154. https://doi.org/10.33086/bfj.v6i2.2421
Schreck, P. (2011). Reviewing the Business Case for Corporate Social Responsibility: New Evidence and Analysis. Journal of Business Ethics, 103(2), 167–188. https://doi.org/10.1007/s10551-011-0867-0
Setiyawati, H., & Basar, Y. S. (2017). Pengaruh Pengungkapan Corporate Social Responsibility Dan Penerapan Good Corporate Governance Terhadap Tingkat Profitabilitas (Studi Empiris Pada Perusahaan Sektor PertambanganYang Terdaftar Di BEI. Jurnal Akuntansi, 21(3), 351. https://doi.org/10.24912/ja.v21i3.266
Tjoa, E. V., & Patricia, L. (2022). Green Accounting, Environmental Performance, and Profitability: Empirical Evidence on High Profile Industry in Indonesia. Research In Management and Accounting, 5(2), 93–105. https://doi.org/10.33508/rima.v5i2.4158
Uci Rosalinda, U., Cris Kuntadi, & Rachmat Pramukty. (2022). Literature Review Pengaruh GCG, CSR Dan Ukuran Perusahaan Terhadap Kinerja Keuangan Perusahaan. Jurnal Ekonomi Manajemen Sistem Informasi, 3(6), 667–673. https://doi.org/10.31933/jemsi.v3i6.1108
Wulandari, S. (2020). Pengaruh Corporate Social Responsibility (CSR) Disclosure terhadap Profitabilitas Perusahaan. Jurnal Ekonomi Akuntansi Dan Manajemen, 19(1), 1. https://doi.org/10.19184/jeam.v19i1.15436
Published
2024-10-30
How to Cite
SAEGUSO, Ellyzabeth Sonia; SANTOSO, Eko Budi.
Exploring the Role of Environmental Impact in Maximizing the Effect of CSR on Profitability.
E-Jurnal Akuntansi, [S.l.], v. 34, n. 11, oct. 2024.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/118575>. Date accessed: 09 jan. 2025.
doi: https://doi.org/10.24843/EJA.2024.v34.i11.p13.
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