Determinant of Corporate Social Responsibility Disclosure and its Impact on Company's Market Performance

Moch. Shulthoni; Aisa Tri Agustini; Imam Mas’ud

Title:
Determinant of Corporate Social Responsibility Disclosure and its Impact on Company's Market Performance

Authors:
Imam Mas’ud | Moch. Shulthoni | Aisa Tri Agustini

Cite This Article :

Imam Mas’ud | Moch. Shulthoni | Aisa Tri Agustini "Determinant of Corporate Social Responsibility Disclosure and its Impact on Company's Market Performance" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-3, April 2021, pp.302-306, URL: https://www.ijtsrd.com/papers/ijtsrd38730.pdf

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Abstract :
This study examined the effect of firm performance, risk, and foreign ownership on Indonesian public manufacturing companies’ CSR disclosure and market performance. A quantitative method, the multiple linear regression two stage, was used to analyze four hypotheses. The sample was 221 firm years in the 2015-2019 period. The results showed that the financial performance and financial risk variables affected the scope of corporate social responsibility disclosure. Foreign ownership structure has no significant effect on disclosure of corporate social responsibility. The size of corporate social responsibility disclosure influenced the market performance. The research implication is that management can use CSR as a market value leverage. To be able to expand disclosure, the company must have a good performance. An increase in corporate debt increases the risk faced by the company. Management can use CSR for reduce the impact of the increasing financial risk.

Keywords :
corporate social responsibility, firm performance, financial risk, market performance, foreign ownership

Publication Details:

Unique Identification Number : IJTSRD38730

Published In : Volume-5 | Issue-3, April 2021

Page Number(s) : 302-306

Publisher Name : IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470

Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

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