Pengaruh Corporate Social Responsibility terhadap Kinerja Perusahaan Sektor Pertambangan Terdaftar di Bursa Efek Indonesia&Malaysia 2014-2018
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corporate social responsibility, financial performance, firm value
Abstract
The aims of this research is to analyze the effect of corporate social responsibility, leverage, firm size and firm size towards firm performance using return on assets and Tobin’s Q as a proxy in mining sector companies listed in Indonesian Stock Exchange and Malaysia Stock Exchange in the period 2014-2018. This research uses quantitative approach with two least square regression analysis model. This study uses sample of firms which are listed on mining in IDX and MYX on 2014-2018. The findings result of this research CSR have positive and significant effect towards firm performance in mining sector companies BEI on the period 2014-2018, while CSR insignificant effect towards firm performance in mining sector companies BEM on the period 2014-2018.
Keywords: corporate social responsibility, financial performance, firm value
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References
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Salim dan Yadav. (2012). Capital structure and firm performance: Evidence from Malaysian listed companies. Procedia-Social and Behavioral Sciences.
Sheikh, N.A. & Wang, Z. (2011). Determinants of Capital Structure: An Empirical Study of Firms in Manufacturing Industry of Pakistan. Managerial Finance. 37(2), 117-133.
Varun, D. (2014). Agency Theory, Capital Structure and Firm Performance: Some Indian Evidence. Emerald Insight. Managerial Finance, 40(12), 1190 – 1206.
Vatavu, S. (2015). The Impact Of Capital Structure On Financial Performance In Romanian Listed Companies. Procedia Economics and Finance, 32, 1314-1322.
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Belal, A. R. (2001). A Study of Corporate Social Disclosure in Bangladesh. Managerial Auditing Journal. 16(5). 274-289.
Bratenius, Anna & Melin. 2015. The Impact of CSR on Financial Performance. MSc Accounting (Master Thesis). Strategy & Control Copenhagen Business School.
Brigham, E. F & J. F. Weston. 1999. Dasar-dasar Manajemen Keuangan. Edisi 9, Erlangga
Coad A., Segarra & Mercedes. 2010. Like milk or wine: Does firm performance improve with age?. Papers on Economics and Evaluation, 1006.
Crisostomo, V.L., Freire, F.S., & Vasconcellos, F.C. (2011). Corporate Social Responsibility, Firm Value and Financial Performance in Brazil. Social Responsibility Journal, 7, 295-309. DOI:10.1108/17471111111141549.
Feng, M., Xiao & Wang, & Kreuze, J.G. (2017). Corporate Social Responsibility and Firm Financial Performance: Comparison Analyses Across Industries and CSR Categories. American Journal of Business, 32(3/4), 106-133. DOI:10.1108/AJB-05-2016-0015.
KPMG. (2017). The road ahead: The KPMG survey of corporate responsibility reporting 2017 [Online]. Tersedia di: https://assets.kpmg.com/content/dam/kpmg/xx/pdf/2017/10/kpmg-survey-ofcorporate-responsibility-reporting-2017.pdf
Leonard-Barton, D. (1992). Core capabilities and core rigidities: A paradox in managing new product development. Strategic Management Journal. 13, 111- 125.
Martin, J., Petty, W. & Wallace, J. (2009). Shareholder value maximization – is there a role for corporate social responsibility?, Journal of Applied Corporate Finance, 21(2), 110-118.
Mishra, S. & Suar, D. (2010). Does corporate social responsibility Influence financial performance in Indian companies?. Journal of Business Ethics. 95(4). 571-601.
Nkundabanyanga, S., & Alfred O. (2011). Institutionalizing corporate social responsibility (CSR) in Uganda: does it matter?. Social Responsibility Journal, 7(4), 665-680.
Nyeadi, J.D., Ibrahim, M. & Sare, Y.A. (2018). Corporate Social Responsibility and Financial Performance Nexus: Empirical Evidence From South African Listed Firm. Journal of Global Responsibility 9(3), 301-328. DOI:10.1108/JGR-01-2018-0004.
Pervan,M., Ivica P., & Marijana C. (2017). The Influence of Age on Firm Performance: Evidence from the Croatian Food Industry. Journal of Eastern Europe Research in Business and Economics. 2017, 1-10 University of Split. Croatia.
Pickernell, D. (2013). New and young fifirms Entrepreneurship policy and the role of government – evidence from the Federation of Small Businesses survey. Journal of Small Business and Enterprise Development, 20(2), 358-382.
Qomariah, N. (2015). The Effect of Corporate Social Responsibility, Size and Profitability Towad on The Value of Corporate (Studies in Manufacturing Companies Listed in Indonesia Stock Exchange). Journal of Business and Management, 17(2), 25-30.
Salim dan Yadav. (2012). Capital structure and firm performance: Evidence from Malaysian listed companies. Procedia-Social and Behavioral Sciences.
Sheikh, N.A. & Wang, Z. (2011). Determinants of Capital Structure: An Empirical Study of Firms in Manufacturing Industry of Pakistan. Managerial Finance. 37(2), 117-133.
Varun, D. (2014). Agency Theory, Capital Structure and Firm Performance: Some Indian Evidence. Emerald Insight. Managerial Finance, 40(12), 1190 – 1206.
Vatavu, S. (2015). The Impact Of Capital Structure On Financial Performance In Romanian Listed Companies. Procedia Economics and Finance, 32, 1314-1322.
Widianto, H.S. (2011). Pengaruh Profitabilitas, Likuiditas, Leverage, Aktivitas, Ukuran Perusahaan, dan Corporate Governance terhadap Praktik Pengungkapan Sustainability Report (Skripsi). Fakultas Ekonomika dan Bisnis Universitas Diponegoro.
Zen, S.D. & Herman, M. (2007). Pengaruh Harga Saham, Umur Perusahaan, dan Rasio Profitabilitas Perusahaan Terhadap Tindakan Perataan Laba Yang Dilakukan Oleh Perusahaan Perbankan Yang Terdaftar di Bursa Efek Jakarta. Jurnal Akuntansi dan Manajemen, 2, 57- 71.
Published
2020-03-17
How to Cite
Griselda, I. A., Murhadi, W. R., & Utami, M. (2020). Pengaruh Corporate Social Responsibility terhadap Kinerja Perusahaan Sektor Pertambangan Terdaftar di Bursa Efek Indonesia&Malaysia 2014-2018. Journal of Entrepreneurship and Business, 1(1), 21-30. https://doi.org/10.24123/jerb.v1i1.2821
Section
Articles
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