Corporate Social Responsibility dan Kinerja Perusahaan: Studi pada Perusahaa yang Terdaftar di Jakarta Islamic Index
Abstract
This research aims at examining the effect of corporate social responsibility on firm performance. Sample of the study consists of company that listed on Jakarta Islamic Index during 2013-2015. This study uses multiple regression to test the hypothesis. The result shows that corporate social responsibility has positive effect on firm performance. The higher performance of corporate social responsibility, the better firm performance. Therefore, corporate social responsibility are able to drive firm performance better. Further, the study investigates in more deeply the effect of corporaqate social responsibility on the firm size and leverage. This provides similar result for each models. Thus, this study offers empirical evidence that corporate social responsibility has positive value to the firm performance.
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References
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Carney, R. W., & Child, T. B. (2013). Changes to the ownership and control of East Asian corporations between 1996 and 2008: The primacy of politics. Journal of Financial Economics, 107(2), 494-513.
Cheung, Y. L., Tan, W., Ahn, H.-J., & Zhang, Z. (2010). Does Corporate Social Responsibility Matter in Asian Emerging Markets? Journal of Business Ethics, 92(3), 401-413. doi:10.1007/s10551-009-0164-3
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Malik, M. (2015). Value-Enhancing Capabilities of CSR: A Brief Review of Contemporary Literature. Journal of Business Ethics, 127(2), 419-438. doi:10.1007/s10551-014-2051-9
McWilliams, A., & Siegel, D. (2000). Corporate social responsibility and financial performance: correlation or misspecification? Strategic Management Journal, 21(5), 603-609. doi:10.1002/(SICI)1097-0266(200005)21:5<603::AID-SMJ101>3.0.CO;2-3
Milne, M. J., & Gray, R. (2013). W(h)ither Ecology? The Triple Bottom Line, the Global Reporting Initiative, and Corporate Sustainability Reporting. Journal of Business Ethics, 118(1), 13-29. doi:10.1007/s10551-012-1543-8
Minor, D., & Morgan, J. (2011). CSR as Reputation Insurance: Primum Non Nocere. California Management Review, 53(3), 40-59. doi:10.1525/cmr.2011.53.3.40
Mishra, S., & Suar, D. (2010). Does Corporate Social Responsibility Influence Firm Performance of Indian Companies? Journal of Business Ethics, 95(4), 571-601. doi:10.1007/s10551-010-0441-1
Oeyono, J., Samy, M., & Bampton, R. (2011). An examination of corporate social responsibility and financial performance: A study of the top 50 Indonesian listed corporations. Journal of Global Responsibility, 2(1), 100-112.
Restuti, M. M. D., & Nathaniel, C. (2012). Pengaruh Pengungkapan Corporate Social Responsibility terhadap Earning Response Coefficient. Jurnal Dinamika Manajemen, 3(1), 40 - 48.
Sarumpaet, S. (2006). The relationship between environmental performance and financial performance of Indonesian companies. Jurnal Akuntansi dan Keuangan, 7(2), 89-98. doi:https://doi.org/10.9744/jak.7.2.pp.%2089-98
Setiawan, D., Bandi, B., Phua, L. K., & Trinugroho, I. (2016). Ownership structure and dividend policy in Indonesia. Journal of Asia Business Studies, 10(3), 230 - 252.
Setiawan, D., Hapsari, R. T., & Wibawa, A. (2018). Dampak Karakteristik Dewan Direksi terhadap Pengungkapan Corporate Social Responsibility pada Perusahaan Pertambangan di Indonesia. Mix: Jurnal Ilmiah Manajemen, 8(1), 1 - 15.
Wang, D. H.-M., Chen, P.-H., Yu, T. H.-K., & Hsiao, C.-Y. (2015). The effects of corporate social responsibility on brand equity and firm performance. Journal of Business Research, 68(11), 2232-2236. https://doi.org/10.1016/j.jbusres.2015.06.003
Yuliana, R., Purnomosidhi, B., & Sukoharsono, E. G. (2008). Pengaruh karakteristik perusahaan terhadap corporate social responsibility (CSR) dan dampaknya terhadap reaksi investor. Jurnal Akuntansi dan Keuangan Indonesia, 5(2), 245 - 276.
Aras, G., Aybars, A., & Kutlu, O. (2010). Managing corporate performance: Investigating the relationship between corporate social responsibility and financial performance in emerging markets. International Journal of Productivity and Performance Management, 59(3), 229-254. doi:10.1108/17410401011023573
Aupperle, K. E., Carroll, A. B., & Hatfield, J. D. (1985). An empirical examination of the relationship between corporate social responsibility and profitability. Academy of Management Journal, 28(2), 446-463.
Awuy, V. P., Sayekti, Y., & Purnamawati, I. (2016). Pengaruh Pengungkapan Corporate Social Responsibility (CSR) Terhadap Earnings Response Coefficient (ERC) (Suatu Studi Empiris Pada Perusahaan Pertambangan yang Terdaftar di Bursa Efek Indonesia Pada Tahun 2010-2013). Jurnal Akuntansi dan Keuangan, 18(1), 15 - 26.
Barus, R., & Maksum, A. (2011). Analisis Pengungkapan Informasi Corporate Social Responsibility dan Pengaruhnya terhadap Return Saham Jurnal Akuntansi dan Auditing Indonesia, 15(1), 83 - 102.
Carney, R. W., & Child, T. B. (2013). Changes to the ownership and control of East Asian corporations between 1996 and 2008: The primacy of politics. Journal of Financial Economics, 107(2), 494-513.
Cheung, Y. L., Tan, W., Ahn, H.-J., & Zhang, Z. (2010). Does Corporate Social Responsibility Matter in Asian Emerging Markets? Journal of Business Ethics, 92(3), 401-413. doi:10.1007/s10551-009-0164-3
Choi, J.-S., Kwak, Y.-M., & Choe, C. (2010). Corporate social responsibility and corporate financial performance: Evidence from Korea. Australian Journal of Management, 35(3), 291-311. doi:10.1177/0312896210384681
Crisóstomo, V. L., Freire, F. S., & Vasconcellos, F. C. d. (2011). Corporate social responsibility, firm value and financial performance in Brazil. Social Responsibility Journal, 7(2), 295-309. doi:10.1108/17471111111141549
Fauzi, H., & Idris, K. M. (2009). The relationship of CSR and financial performance: New evidence from Indonesia companies. Issues in Social and Enviromental Accounting, 3(1), 66 - 87.
Fauzi, H., Mahoney, L. S., & Abdul Rahman, A. (2007). The Link between Corporate Social Performance and Financial Performance: Evidence from Indonesian Companies. Issues in Social and Environmental Accounting, 1(1), 149 - 159.
Fitriani, H., & Setiany, E. (2014). Pengaruh Voluntary Disclosure of Financial Information dan CSR Disclosure terhadap Earning Response Coefficient. Jurnal Akuntansi dan Bisnis, 14(2). http://dx.doi.org/10.20961/jab.v14i2.158
Goyal, P., Rahman, Z., & Kazmi, A. A. (2013). Corporate sustainability performance and firm performance research: Literature review and future research agenda. Management Decision, 51(2), 361-379. doi:10.1108/00251741311301867
Ibrahim, M., Solikahan, E. Z., & Widyatama, A. (2015). Karakteristik Perusahaan, Luas Pengungkapan Corporate Social Responsibility, dan Nilai Perusahaan Jurnal Akuntansi Multiparadigma, 6(1), 99 - 106.
Lone, E. J., Ali, A., & Khan, I. (2016). Corporate governance and corporate social responsibility disclosure: evidence from Pakistan. Corporate Governance: The International Journal of Business in Society, 16(5), 785-797. doi:10.1108/CG-05-2016-0100
Malik, M. (2015). Value-Enhancing Capabilities of CSR: A Brief Review of Contemporary Literature. Journal of Business Ethics, 127(2), 419-438. doi:10.1007/s10551-014-2051-9
McWilliams, A., & Siegel, D. (2000). Corporate social responsibility and financial performance: correlation or misspecification? Strategic Management Journal, 21(5), 603-609. doi:10.1002/(SICI)1097-0266(200005)21:5<603::AID-SMJ101>3.0.CO;2-3
Milne, M. J., & Gray, R. (2013). W(h)ither Ecology? The Triple Bottom Line, the Global Reporting Initiative, and Corporate Sustainability Reporting. Journal of Business Ethics, 118(1), 13-29. doi:10.1007/s10551-012-1543-8
Minor, D., & Morgan, J. (2011). CSR as Reputation Insurance: Primum Non Nocere. California Management Review, 53(3), 40-59. doi:10.1525/cmr.2011.53.3.40
Mishra, S., & Suar, D. (2010). Does Corporate Social Responsibility Influence Firm Performance of Indian Companies? Journal of Business Ethics, 95(4), 571-601. doi:10.1007/s10551-010-0441-1
Oeyono, J., Samy, M., & Bampton, R. (2011). An examination of corporate social responsibility and financial performance: A study of the top 50 Indonesian listed corporations. Journal of Global Responsibility, 2(1), 100-112.
Restuti, M. M. D., & Nathaniel, C. (2012). Pengaruh Pengungkapan Corporate Social Responsibility terhadap Earning Response Coefficient. Jurnal Dinamika Manajemen, 3(1), 40 - 48.
Sarumpaet, S. (2006). The relationship between environmental performance and financial performance of Indonesian companies. Jurnal Akuntansi dan Keuangan, 7(2), 89-98. doi:https://doi.org/10.9744/jak.7.2.pp.%2089-98
Setiawan, D., Bandi, B., Phua, L. K., & Trinugroho, I. (2016). Ownership structure and dividend policy in Indonesia. Journal of Asia Business Studies, 10(3), 230 - 252.
Setiawan, D., Hapsari, R. T., & Wibawa, A. (2018). Dampak Karakteristik Dewan Direksi terhadap Pengungkapan Corporate Social Responsibility pada Perusahaan Pertambangan di Indonesia. Mix: Jurnal Ilmiah Manajemen, 8(1), 1 - 15.
Wang, D. H.-M., Chen, P.-H., Yu, T. H.-K., & Hsiao, C.-Y. (2015). The effects of corporate social responsibility on brand equity and firm performance. Journal of Business Research, 68(11), 2232-2236. https://doi.org/10.1016/j.jbusres.2015.06.003
Yuliana, R., Purnomosidhi, B., & Sukoharsono, E. G. (2008). Pengaruh karakteristik perusahaan terhadap corporate social responsibility (CSR) dan dampaknya terhadap reaksi investor. Jurnal Akuntansi dan Keuangan Indonesia, 5(2), 245 - 276.
Published
2020-02-14
How to Cite
ARYANI, Y Anni; SETIAWAN, Doddy.
Corporate Social Responsibility dan Kinerja Perusahaan: Studi pada Perusahaa yang Terdaftar di Jakarta Islamic Index.
Matrik : Jurnal Manajemen, Strategi Bisnis dan Kewirausahaan, [S.l.], p. 1 - 9, feb. 2020.
ISSN 2302-8890.
Available at: <https://ojs.unud.ac.id/index.php/jmbk/article/view/42606>. Date accessed: 25 apr. 2024.
doi: https://doi.org/10.24843/MATRIK:JMBK.2020.v14.i01.p01.
Section
Articles
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
