Pengaruh corporate social responsibility disclosure terhadap kinerja keuangan dengan reputasi sebagai variabel moderasi
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Corporate Reputation, Corporate Social Responsibility Disclosure, Financial Performance
Abstract
This study aims to determine the effect of corporate social responsibility disclosure (CSRD) on firm financial performance with corporate reputation as a moderation variable. It focuses on primary and secondary sector companies listed on the IDX in 2014-2022. The dependent variable is firm financial performance, measured using return on assets (ROA). The independent variable, corporate social responsibility disclosure, is measured using the GRI G4. The corporate reputation as moderation variable is measured using the number of awards obtained by the company. The control variables used are company size, leverage, and cash flow. The sampling technique used purposive sampling and obtained as many as 143 companies. This research uses quantitative data, and the method used is regression analysis using the STATA application. The results of this study show that CSRD has a significant positive effect on firm financial performance. These findings provide practical guidelines for companies, stating that it is essential for a company to implement CSRD practices and have a good impact on the company's financial performance, thereby guiding companies in their CSR initiatives.
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References
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Devie, D., Liman, L. P., Tarigan, J., & Jie, F. (2020). Corporate social responsibility, financial performance and risk in Indonesian natural resources industry. Social Responsibility Journal, 16(1), 73–90. https://doi.org/10.1108/SRJ-06-2018-0155
Galant, A., & Cadez, S. (2017). Corporate social responsibility and financial performance relationship: A review of measurement approaches. Economic Research-Ekonomska Istrazivanja , 30(1), 676–693. https://doi.org/10.1080/1331677X.2017.1313122
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Islam, T., Islam, R., Pitafi, A. H., Xiaobei, L., Rehmani, M., Irfan, M., & Mubarak, M. S. (2021). The impact of corporate social responsibility on customer loyalty: The mediating role of corporate reputation, customer satisfaction, and trust. Sustainable Production and Consumption, 25, 123–135. https://doi.org/10.1016/j.spc.2020.07.019
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Kansal, M., Joshi, M., & Batra, G. S. (2014). Determinants of corporate social responsibility disclosures: Evidence from India. Advances in Accounting, 30(1), 217–229. https://doi.org/10.1016/j.adiac.2014.03.009
Kareem AL Ani, M. (2021). Corporate social responsibility disclosure and financial reporting quality: Evidence from Gulf Cooperation Council countries. Borsa Istanbul Review, 21, S25–S37. https://doi.org/10.1016/j.bir.2021.01.006
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Malik, M. S., & Kanwal, L. (2018). Impact of Corporate Social Responsibility Disclosure on Financial Performance: Case Study of Listed Pharmaceutical Firms of Pakistan. Journal of Business Ethics, 150(1), 69–78. https://doi.org/10.1007/s10551-016-3134-6
Pham, H. S. T., & Tran, H. T. (2020). CSR disclosure and firm performance: The mediating role of corporate reputation and moderating role of CEO integrity. Journal of Business Research, 120(July), 127–136. https://doi.org/10.1016/j.jbusres.2020.08.002
Putri, N. H., & Rosdiana, Y. (2022). Pengaruh Pengungkapan Corporate Social Responsibility terhadap Kinerja Keuangan Perusahaan selama Pandemi Covid-19. Jurnal Riset Akuntansi, 1(2), 92–99. https://doi.org/10.29313/jra.v1i2.516
R. Trianaputri, A., & D. Djakman, C. (2019). Quality of Sustainability Disclosure Among the Asean-5 Countries and the Role of Stakeholders. Jurnal Akuntansi Dan Keuangan Indonesia, 16(2), 180–205. https://doi.org/10.21002/jaki.2019.10
Rusmanto, T., & Williams, C. (2015). Compliance Evaluation on CSR Activities Disclosure in Indonesian Publicly Listed Companies. Procedia - Social and Behavioral Sciences, 172, 150–156.
Ting, P. H., & Yin, H. yu. (2018). How do corporate social responsibility activities affect performance? The role of excess control right. Corporate Social Responsibility and Environmental Management, 25(6), 1320–1331. https://doi.org/10.1002/csr.1641
Usman, A. B., & Amran, N. A. B. (2015). Corporate social responsibility practice and corporate financial performance: Evidence from Nigeria companies. Social Responsibility Journal, 11(4), 749–763. https://doi.org/10.1108/SRJ-04-2014-0050
Wicaksono, D. P. (2019). Pengaruh Pengungkapan Corporate Social Responsibility Terhadap Kinerja Keuangan Yang Dimediasi Oleh Reputasi Perusahaan. Jurnal Ilmiah Mahasiswa FEB, 53(9), 1689–1699. www.journal.uta45jakarta.ac.id
Bag, S., & Omrane, A. (2022). Corporate Social Responsibility and Its Overall Effects on Financial Performance: Empirical Evidence from Indian Companies. Journal of African Business, 23(1), 264–280. https://doi.org/10.1080/15228916.2020.1826884
Bahta, D., Yun, J., Islam, M. R., & Bikanyi, K. J. (2021). How does CSR enhance the financial performance of SMEs? The mediating role of firm reputation. Economic Research-Ekonomska Istrazivanja , 34(1), 1428–1451. https://doi.org/10.1080/1331677X.2020.1828130
Bernal-Conesa, J. A., de Nieves Nieto, C., & Briones-Peñalver, A. J. (2017). CSR Strategy in Technology Companies: Its Influence on Performance, Competitiveness and Sustainability. Corporate Social Responsibility and Environmental Management, 24(2), 96–107. https://doi.org/10.1002/csr.1393
Devie, D., Liman, L. P., Tarigan, J., & Jie, F. (2020). Corporate social responsibility, financial performance and risk in Indonesian natural resources industry. Social Responsibility Journal, 16(1), 73–90. https://doi.org/10.1108/SRJ-06-2018-0155
Galant, A., & Cadez, S. (2017). Corporate social responsibility and financial performance relationship: A review of measurement approaches. Economic Research-Ekonomska Istrazivanja , 30(1), 676–693. https://doi.org/10.1080/1331677X.2017.1313122
Gangone, A. D., & Gănescu, M. C. (2014). Corporate social responsibility in emerging and developing economies in Central and Eastern Europe – a measurement model from the stakeholder theory perspective. Economic Research-Ekonomska Istrazivanja , 27(1), 539–558. https://doi.org/10.1080/1331677X.2014.967535
Han, W., Zhuangxiong, Y., & Jie, L. (2018). Corporate social responsibility, product market competition, and product market performance. International Review of Economics and Finance, 56, 75–91. https://doi.org/10.1016/j.iref.2018.03.019
Islam, T., Islam, R., Pitafi, A. H., Xiaobei, L., Rehmani, M., Irfan, M., & Mubarak, M. S. (2021). The impact of corporate social responsibility on customer loyalty: The mediating role of corporate reputation, customer satisfaction, and trust. Sustainable Production and Consumption, 25, 123–135. https://doi.org/10.1016/j.spc.2020.07.019
Javed, M., Rashid, M. A., Hussain, G., & Ali, H. Y. (2020). The effects of corporate social responsibility on corporate reputation and firm financial performance: Moderating role of responsible leadership. Corporate Social Responsibility and Environmental Management, 27(3), 1395–1409. https://doi.org/10.1002/csr.1892
Kansal, M., Joshi, M., & Batra, G. S. (2014). Determinants of corporate social responsibility disclosures: Evidence from India. Advances in Accounting, 30(1), 217–229. https://doi.org/10.1016/j.adiac.2014.03.009
Kareem AL Ani, M. (2021). Corporate social responsibility disclosure and financial reporting quality: Evidence from Gulf Cooperation Council countries. Borsa Istanbul Review, 21, S25–S37. https://doi.org/10.1016/j.bir.2021.01.006
Leiva, R., Ferrero, I., & Calderón, R. (2016). Corporate reputation in the business ethics field: Its relation with corporate identity, corporate image, and corporate social responsibility. Corporate Reputation Review, 19(4), 299–315. https://doi.org/10.1057/s41299-016-0008-x
Maaloul, A., Zéghal, D., Ben Amar, W., & Mansour, S. (2023). The Effect of Environmental, Social, and Governance (ESG) Performance and Disclosure on Cost of Debt: The Mediating Effect of Corporate Reputation. Corporate Reputation Review, 26(1), 1–18. https://doi.org/10.1057/s41299-021-00130-8
Malik, M. S., & Kanwal, L. (2018). Impact of Corporate Social Responsibility Disclosure on Financial Performance: Case Study of Listed Pharmaceutical Firms of Pakistan. Journal of Business Ethics, 150(1), 69–78. https://doi.org/10.1007/s10551-016-3134-6
Pham, H. S. T., & Tran, H. T. (2020). CSR disclosure and firm performance: The mediating role of corporate reputation and moderating role of CEO integrity. Journal of Business Research, 120(July), 127–136. https://doi.org/10.1016/j.jbusres.2020.08.002
Putri, N. H., & Rosdiana, Y. (2022). Pengaruh Pengungkapan Corporate Social Responsibility terhadap Kinerja Keuangan Perusahaan selama Pandemi Covid-19. Jurnal Riset Akuntansi, 1(2), 92–99. https://doi.org/10.29313/jra.v1i2.516
R. Trianaputri, A., & D. Djakman, C. (2019). Quality of Sustainability Disclosure Among the Asean-5 Countries and the Role of Stakeholders. Jurnal Akuntansi Dan Keuangan Indonesia, 16(2), 180–205. https://doi.org/10.21002/jaki.2019.10
Rusmanto, T., & Williams, C. (2015). Compliance Evaluation on CSR Activities Disclosure in Indonesian Publicly Listed Companies. Procedia - Social and Behavioral Sciences, 172, 150–156.
Ting, P. H., & Yin, H. yu. (2018). How do corporate social responsibility activities affect performance? The role of excess control right. Corporate Social Responsibility and Environmental Management, 25(6), 1320–1331. https://doi.org/10.1002/csr.1641
Usman, A. B., & Amran, N. A. B. (2015). Corporate social responsibility practice and corporate financial performance: Evidence from Nigeria companies. Social Responsibility Journal, 11(4), 749–763. https://doi.org/10.1108/SRJ-04-2014-0050
Wicaksono, D. P. (2019). Pengaruh Pengungkapan Corporate Social Responsibility Terhadap Kinerja Keuangan Yang Dimediasi Oleh Reputasi Perusahaan. Jurnal Ilmiah Mahasiswa FEB, 53(9), 1689–1699. www.journal.uta45jakarta.ac.id
Published
2024-10-02
How to Cite
Fidela Raniah Sawity, Arumega Zarefar, Mayla Khoiriyah, Raja Adri Satriawan Surya, Atika Zarefar, Ulfa Afifah, & Sinta Ramaiyanti. (2024). Pengaruh corporate social responsibility disclosure terhadap kinerja keuangan dengan reputasi sebagai variabel moderasi. Akuntansi Dan Teknologi Informasi, 17(2), 238-251. https://doi.org/10.24123/jati.v17i2.6641
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Articles
Copyright (c) 2024 Fidela Raniah Sawity, Arumega Zarefar, Mayla Khoiriyah, Raja Adri Satriawan Surya, Atika Zarefar, Ulfa Afifah, Sinta Ramaiyanti
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