PENGARUH PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY TERHADAP RESPON INVESTOR
Keywords:
Corporate Social Responsibility, Cummulative Abnormal Return, Return on Equity, Debt to Equity Ratio, Firm SizeAbstract
This study aims to determine the effect of the disclosure of the Corporate Social Responsibility (CSR) expressed by manufacturing companies that listed on the IDX during the 2018 to 2020 period in the annual report or sustainability report on the response of investors, with a ratio of return on equity, debt to equity ratio Firm Size as Control variable. Where CSR disclosure is used in research using the CSRI index. Investor response uses Cummulative Abnormal Return (CAR). Based on the results of testing the analysis that CSR disclosure has a positive and significant effect on the car. This provides good visualization of the views of the investor about how a company can be responsible to the environment and the community around the company's scope.
References
Bini, L., & Bellucci, M. (2020). Integrated Sustainability Reporting. In Springer.
Braam, G., & Peeters, R. (2018). Corporate Sustainability Performance and Assurance on Sustainability
Reports: Diffusion of Accounting Practices in the Realm of Sustainable Development. Corporate Social Responsibility and Environmental Management , 25 (2), 164 - 181.
Budiarti, M., & Raharjo, S. (2014). Corporate Social Responsibility (CSR) dari Sudut Pandang
Perusahaan. SHARE Social Work Journal , 44 (4).
Cheng, M., & Chistiawan, Y. J. (2011). Pengaruh Pengungkapan Corporate Social Responsibility
Terhadap Abnormal Return. Jurnal Akuntansi Dan Keuangan , 13 (1), 23 - 35.
Cui, J., Hoje Jo, & Haejung Na. (2012). Does Corporate Social Responsibility Reduce Information
Asymmetry? TIAS School for Business and Society, 408 .
Ghozali, I. (2018). Aplikasi Analisis Multivariate. In Badan Penerbit Universitas Diponegoro (9th
Ed., p. 203). Badan Penerbit Universitas Diponegoro.
Istianingsih., R, C, A. (2015). Pengaruh Pengungkapan Corporate Social Responsibility(CSR) dan
Kinerja Keuangan Perusahaan terhadap Cumulative Abnormal Return (CAR). Jurnal Keuangan
Dan Perbankan , 11 (2).
Novitasari, N. G. (2017). Pengaruh CorporateGovernance dan Faktor Fundamental terhadap Return
Saham pada perusahaan Mnaufaktur yang terdaftar di Bursa Efek Indonesia. Jurnal KRISNA:
Kumpulan Riset Akuntansi , 9 (1), 36 - 49.
Restuti, M. D., & Nathaniel, C. (2012). Pengaruh Pengungkapan Corporate Social Responsibility
Terhadap Earning Response Coefficient. Jurnal Dinamika H Manajemen, 3 (1), 40 - 48.
Riduwan, A., & Andajani. (2019). Sustainability Concerns and Investor Responses to Earnings
Announcements. Indonesian Journal of Sustainabilitym Accounting and Management, 3(2), 187.
Sukanto, E., & Widaryanti. (2014). Pengaruh Pengungkapan Corporate Social Responsibility
Terhadap Stock Return pada Perusahaan yang berkaitan dengan Lingkungan yang listing di Bursa Efek Indonesia. Jurnal Akuntansi , 9 (2), 34 - 42.
Shahnia, N. A., & Davianti, A. (2021). Pengaruh Pengungkapan Corporate Social Responsibility
Terhadap Profitabilitas Perusahaan Pertambangan yang Terdaftar di Bursa Efek Indonesia. Jurnal Ilmiah Akuntansi Dan Humanika , 11 (2), 277 - 290.
Tjasmanto, V. M., & Juniarti. (2015). Pengaruh Pengungkapan Corporate Social Responsibility
Terhadap Respon Investor dalam Sektor Aneka Industri. Business Accounting Review , 3 (2), 11 - 20.
