ANALISIS PENGARUH CORPORATE SOCIAL RESPONSIBILITY TERHADAP KINERJA PERUSAHAAN SRI-KEHATI

Authors

  • Novi Aprillia Jurusan Manajemen, Universitas Internasional Batam; Kepulauan Riau, Indonesia
  • Isnaini Nuzula Agustin Jurusan Manajemen, Universitas Internasional Batam; Kepulauan Riau, Indonesia
  • Arienda Gitty Ramadani Jurusan Manajemen, Universitas Internasional Batam; Kepulauan Riau, Indonesia

Keywords:

CSR, Environment, ROA

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh dari CSR (Corporate social responsibility) terhadap kinerja perusahaan yang terdaftar dalam BEI (Bursa Efek Indonesia) dengan menggunakan sampel indeks SRI-KEHATI. Pengukuran pada firm performance dengan menggunakan ROA (Return on Assets) sebagai variabel dependen sedangkan variabel independen menggunakan CSR dan leverage dengan pengukuran indikator menggunakan ESG (Environment, Social dan Govarnance) pada CSR yang didukung dengan variabel kontrol seperti leverage. Hasil penelitian menyatakan bahwa ESG tidak signifikan pengaruh terhadap kinerja perusahaan, namun leverage memiliki signifikan positif terhadap kinerja perusahaan

References

Ajija, R, S., & Dkk. (2011). Cara Cerdas Menguasai Eviews (Salemba Em).

Ali, W., Danni, Y., Latif, B., Kouser, R., & Baqader, S. (2021). Corporate social responsibility and customer loyalty in food chains—mediating role of customer satisfaction and corporate reputation. Sustainability (Switzerland), 13(16), 10–12. https://doi.org/10.3390/su13168681

Bahta, D., Yun, J., Islam, M. R., & Ashfaq, M. (2020). Corporate social responsibility, innovation capability and firm performance: evidence from SME. Social Responsibility Journal, 17(6), 840–860. https://doi.org/10.1108/SRJ-12-2019-0401

Blasi, S., Caporin, M., & Fontini, F. (2018). A Multidimensional Analysis of the Relationship Between Corporate Social Responsibility and Firms’ Economic Performance. Ecological Economics, 147, 218–229. https://doi.org/10.1016/j.ecolecon.2018.01.014

Boshnak, H. A. (2021). No Title. Journal of Financial Reporting and Accounting, July.

Chauhan, S., & Amit. (2014). A Relational Study of Firm’s Characteristics and CSR Expenditure. Procedia Economics and Finance, 11, 23–32. https://doi.org/10.1016/S2212-5671(14)00172-5

Corlett, W. J., & Aigner, D. J. (1972). Basic Econometrics. In The Economic Journal (Vol. 82, Issue 326). Tata McGraw-Hill Education. https://doi.org/10.2307/2230043

Ding, W., Levine, R., Lin, C., & Xie, W. (2021). Corporate immunity to the COVID-19 pandemic. Journal of Financial Economics, 141(2), 802–830. https://doi.org/10.1016/j.jfineco.2021.03.005

Feng, Y., Akram, R., Hieu, V. M., & Tien, N. H. (2022). The impact of corporate social responsibility on the sustainable financial performance of Italian firms: mediating role of firm reputation. Economic Research-Ekonomska Istrazivanja , 35(1), 4740–4758. https://doi.org/10.1080/1331677X.2021.2017318

Ghardallou, W., & Alessa, N. (2022). Corporate Social Responsibility and Firm Performance in GCC Countries: A Panel Smooth Transition Regression Model. Sustainability (Switzerland), 14(13). https://doi.org/10.3390/su14137908

Groening, C., Ngoh, C. lyn, & Luchs, R. (2022). The impact of a firm’s corporate social responsibility on firm–supplier relationships: The effect of secondary stakeholder CSR on inventory days. Corporate Social Responsibility and Environmental Management, 29(5), 1689–1705. https://doi.org/10.1002/csr.2319

Gujarati, D. (2006). Dasar-Dasar Ekonometrika. Erlangga.

Hirigoyen, G., & Poulain-Rehm, T. (2014). Relationships between Corporate Social Responsibility and Financial Performance: What is the Causality? SSRN Electronic Journal. https://doi.org/10.2139/ssrn.2531631

Ibrahim, M. M., El Frargy, M. M., & Hussainey, K. (2021). The Impact of Corporate Social Responsibility as a Marketing Investment on Firms’ Performance: A Risk-Oriented Approach. Journal of Risk and Financial Management, 14(11), 515. https://doi.org/10.3390/jrfm14110515

Imam, G. (2016). Aplikasi Analisis Multivariate dengan program IBM SPSS 19, Edisi Kedelapan. Badan Penerbit UNDIP.

Javeed, S. A., & Lefen, L. (2019). An analysis of corporate social responsibility and firm performance with moderating effects of CEO power and ownership structure: A case study of the manufacturing sector of Pakistan. Sustainability (Switzerland), 11(1). https://doi.org/10.3390/su11010248

Kempf, A., & Osthoff, P. (2007). The Effect of Socially Responsible Investing on Portfolio Performance. European Financial Management, 13(5), 908–922. https://doi.org/10.1111/j.1468-036X.2007.00402.x

Khan, I., Jia, M., Lei, X., Niu, R., Khan, J., & Tong, Z. (2022). Corporate social responsibility and firm performance. Total Quality Management and Business Excellence. https://doi.org/10.1080/14783363.2022.2092467

Lin, W. L., Law, S. H., Ho, J. A., & Sambasivan, M. (2019). The causality direction of the corporate social responsibility – Corporate financial performance Nexus: Application of Panel Vector Autoregression approach. The North American Journal of Economics and Finance, 48, 401–418. https://doi.org/10.1016/j.najef.2019.03.004

Makni, R., Francoeur, C., & Bellavance, F. (2009). Causality Between Corporate Social Performance and Financial Performance: Evidence from Canadian Firms. Journal of Business Ethics, 89(3), 409–422. https://doi.org/10.1007/s10551-008-0007-7

Maqbool, S., & Zameer, M. N. (2018). Corporate social responsibility and financial performance: An empirical analysis of Indian banks. Future Business Journal, 4(1), 84–93. https://doi.org/10.1016/j.fbj.2017.12.002

Michelon, G., Pilonato, S., & Ricceri, F. (2015). CSR reporting practices and the quality of disclosure: An empirical analysis. Critical Perspectives on Accounting, 33, 59–78. https://doi.org/10.1016/j.cpa.2014.10.003

Orlitzky, M., Schmidt, F. L., & Rynes, S. L. (2003). Corporate Social and Financial Performance: A Meta-Analysis. Organization Studies, 24(3), 403–441. https://doi.org/10.1177/0170840603024003910

Shaid, N. J. (2022, October 22). Apa Itu CSR: Pengertian, Model, Tujuan, Manfaat, dan Contohnya. Kompas.Com.

Verbeek, M., Leuven, K., & University, T. (2000). A Guide to Modern Econometrics. John Wiley & Sons Ltd.

Wang, Q., Chen, H., Xue, Y., & Liang, H. (2022). How Corporate Social Responsibility Affects Firm Performance: The Inverted-U Shape Contingent on Founder CEO. Sustainability (Switzerland), 14(18), 1–24. https://doi.org/10.3390/su141811340

Wang, Z., & Sarkis, J. (2017). Corporate social responsibility governance, outcomes, and financial performance. Journal of Cleaner Production, 162, 1607–1616. https://doi.org/10.1016/j.jclepro.2017.06.142

Zali, M., Yudi Heryadi, A., Nurlaila, S., & Fanani, Z. (2018). International Journal of Advanced Multidisciplinary Research Madura cattle agribusiness performance and feasibility in Galis region, Madura. Int. J. Adv. Multidiscip. Res, 5(6), 45–55. https://doi.org/10.22192/ijamr

Downloads

Published

2025-07-23

Issue

Vol. 16 No. 10: Mei 2022

Section

Articles

License

Copyright (c) 2022 Novi Aprillia, Isnaini Nuzula Agustin, Arienda Gitty Ramadani

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.