Corporate Social Responsibility, Corporate Governance, and Corporate Financial Performance

Autor:	Juniati Gunawan, Devica Pratiwi
Rok vydání:	2020
Předmět:	Marketing Financial performance Return on assets Index (economics) business.industry Strategy and Management Corporate governance Accounting Moderation Return on equity Media Technology Corporate social responsibility General Materials Science Business
Zdroj:	Indonesian Management and Accounting Research. 16:49-70
ISSN:	2442-9724 1411-8858
DOI:	10.25105/imar.v16i1.7887
Popis:	This paper aims to analyze the influence of corporate social responsibility disclosures (CSRD) by corporate governance (CG) as a moderating variable on corporate financial performance (CFP). The CSRD were measured by the United Nations Environment Programme (UNEP) items and CG practices were evaluated by the Corporate Governance Perception Index (CGPI). The sample of 108 annual reports from 2011 to 2014, which were listed in the ‘Indonesia Most Trusted Companies Awards’ were analyzed through 2012 to 2015 SWA magazine. The moderated regression test was applied to analyze the corporate social responsibility disclosure (CSRD) to CFP, moderated by CG. The CFP were proxied by return on assets (ROA) and return on equity (ROE). This study reveals that CSRD has a significant positive influence to the company's ROA and ROE, and CG has been found weakening the relation between CSRD in influencing the ROA and ROE.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::13a30c27eaad2ce187f57cf819171953 https://doi.org/10.25105/imar.v16i1.7887 Zobrazit plný text záznamu