Corporate Social Responsibility and Company Performance: Study in Companies Listed in Jakarta Islamic Index
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https://doi.org/10.24843/MATRIK:JMBK.2020.v14.i01.p01
Abstrak
Penelitian ini bertujuan menguji pengaruh corporate social responsibility terhadap kinerja perusahaan. Sampel penelitian ini adalah perusahaan yang teredaftar di Jakarta Islamic Index pada periode 2013 – 2015. Penelitian ini menggunakan regresi berganda untuk menguji hipotesis. Hasil pengujian hipotesis menunjukkan corporate social responsibility berpengaruh positif terhadap kinerja perusahaan. Semakin tinggi kinerja corporate social responsibility maka akan meningkatkan kinerja perusahaan. Hal ini menunjukkan corporate social responsibility bisa menjadi penggerak perusahaan untuk memperoleh nilai yang lebih baik. Selanjutnya, penelitian ini menguji secara lebih mendalam pengaruh corporate social responsibility terhadap kinerja dengan memperhitungkan ukuran perusahaan dan leverage.
Hasil pengujian menunjukkan hasil yang sama dengan pengujian awal. Hal ini membuktikan bahwa corporate social responsibility memberikan dampak positif terhadap kinerja perusahaan.
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Referensi
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Awuy, V. P., Sayekti, Y., & Purnamawati, I. (2016). Pengaruh Pengungkapan Corporate Social Responsibility (CSR) Terhadap Earnings Response Coefficient (ERC) (Suatu Studi Empiris Pada Perusahaan Pertambangan yang Terdaftar di Bursa Efek Indonesia Pada Tahun 2010-2013). Jurnal Akuntansi dan Keuangan, 18(1), 15 - 26.
Barus, R., & Maksum, A. (2011). Analisis Pengungkapan Informasi Corporate Social Responsibility dan Pengaruhnya terhadap Return Saham Jurnal Akuntansi dan Auditing Indonesia, 15(1), 83 - 102.
Carney, R. W., & Child, T. B. (2013). Changes to the ownership and control of East Asian corporations between 1996 and 2008: The primacy of politics. Journal of Financial Economics, 107(2), 494-513.
Cheung, Y. L., Tan, W., Ahn, H.-J., & Zhang, Z. (2010). Does Corporate Social Responsibility Matter in Asian Emerging Markets? Journal of Business Ethics, 92(3), 401-413. doi:10.1007/s10551-009-0164-3
Choi, J.-S., Kwak, Y.-M., & Choe, C. (2010). Corporate social responsibility and corporate financial performance: Evidence from Korea. Australian Journal of Management, 35(3), 291-311. doi:10.1177/0312896210384681
Crisóstomo, V. L., Freire, F. S., & Vasconcellos, F. C. d. (2011). Corporate social responsibility, firm value and financial performance in Brazil. Social Responsibility Journal, 7(2), 295-309. doi:10.1108/17471111111141549
Fauzi, H., & Idris, K. M. (2009). The relationship of CSR and financial performance: New evidence from Indonesia companies. Issues in Social and Enviromental Accounting, 3(1), 66 - 87.
Fauzi, H., Mahoney, L. S., & Abdul Rahman, A. (2007). The Link between Corporate Social Performance and Financial Performance: Evidence from Indonesian Companies. Issues in Social and Environmental Accounting, 1(1), 149 - 159.
Fitriani, H., & Setiany, E. (2014). Pengaruh Voluntary Disclosure of Financial Information dan CSR Disclosure terhadap Earning Response Coefficient. Jurnal Akuntansi dan Bisnis, 14(2). http://dx.doi.org/10.20961/jab.v14i2.158
Goyal, P., Rahman, Z., & Kazmi, A. A. (2013). Corporate sustainability performance and firm performance research: Literature review and future research agenda. Management Decision, 51(2), 361-379. doi:10.1108/00251741311301867
Ibrahim, M., Solikahan, E. Z., & Widyatama, A. (2015). Karakteristik Perusahaan, Luas Pengungkapan Corporate Social Responsibility, dan Nilai Perusahaan Jurnal Akuntansi Multiparadigma, 6(1), 99 - 106.
Lone, E. J., Ali, A., & Khan, I. (2016). Corporate governance and corporate social responsibility disclosure: evidence from Pakistan. Corporate Governance: The International Journal of Business in Society, 16(5), 785-797. doi:10.1108/CG-05-2016-0100
Malik, M. (2015). Value-Enhancing Capabilities of CSR: A Brief Review of Contemporary Literature. Journal of Business Ethics, 127(2), 419-438. doi:10.1007/s10551-014-2051-9
McWilliams, A., & Siegel, D. (2000). Corporate social responsibility and financial performance: correlation or misspecification? Strategic Management Journal, 21(5), 603-609. doi:10.1002/(SICI)1097-0266(200005)21:5<603::AID-SMJ101>3.0.CO;2-3
Milne, M. J., & Gray, R. (2013). W(h)ither Ecology? The Triple Bottom Line, the Global Reporting Initiative, and Corporate Sustainability Reporting. Journal of Business Ethics, 118(1), 13-29. doi:10.1007/s10551-012-1543-8
Minor, D., & Morgan, J. (2011). CSR as Reputation Insurance: Primum Non Nocere. California Management Review, 53(3), 40-59. doi:10.1525/cmr.2011.53.3.40
Mishra, S., & Suar, D. (2010). Does Corporate Social Responsibility Influence Firm Performance of Indian Companies? Journal of Business Ethics, 95(4), 571-601. doi:10.1007/s10551-010-0441-1
Oeyono, J., Samy, M., & Bampton, R. (2011). An examination of corporate social responsibility and financial performance: A study of the top 50 Indonesian listed corporations. Journal of Global Responsibility, 2(1), 100-112.
Restuti, M. M. D., & Nathaniel, C. (2012). Pengaruh Pengungkapan Corporate Social Responsibility terhadap Earning Response Coefficient. Jurnal Dinamika Manajemen, 3(1), 40 - 48.
Sarumpaet, S. (2006). The relationship between environmental performance and financial performance of Indonesian companies. Jurnal Akuntansi dan Keuangan, 7(2), 89-98. doi:https://doi.org/10.9744/jak.7.2.pp.%2089-98
Setiawan, D., Bandi, B., Phua, L. K., & Trinugroho, I. (2016). Ownership structure and dividend policy in Indonesia. Journal of Asia Business Studies, 10(3), 230 - 252.
Setiawan, D., Hapsari, R. T., & Wibawa, A. (2018). Dampak Karakteristik Dewan Direksi terhadap Pengungkapan Corporate Social Responsibility pada Perusahaan Pertambangan di Indonesia. Mix: Jurnal Ilmiah Manajemen, 8(1), 1 - 15.
Wang, D. H.-M., Chen, P.-H., Yu, T. H.-K., & Hsiao, C.-Y. (2015). The effects of corporate social responsibility on brand equity and firm performance. Journal of Business Research, 68(11), 2232-2236. https://doi.org/10.1016/j.jbusres.2015.06.003
Yuliana, R., Purnomosidhi, B., & Sukoharsono, E. G. (2008). Pengaruh karakteristik perusahaan terhadap corporate social responsibility (CSR) dan dampaknya terhadap reaksi investor. Jurnal Akuntansi dan Keuangan Indonesia, 5(2), 245 - 276.
Aras, G., Aybars, A., & Kutlu, O. (2010). Managing corporate performance: Investigating the relationship between corporate social responsibility and financial performance in emerging markets. International Journal of Productivity and Performance Management, 59(3), 229-254. doi:10.1108/17410401011023573
Aupperle, K. E., Carroll, A. B., & Hatfield, J. D. (1985). An empirical examination of the relationship between corporate social responsibility and profitability. Academy of Management Journal, 28(2), 446-463.
Awuy, V. P., Sayekti, Y., & Purnamawati, I. (2016). Pengaruh Pengungkapan Corporate Social Responsibility (CSR) Terhadap Earnings Response Coefficient (ERC) (Suatu Studi Empiris Pada Perusahaan Pertambangan yang Terdaftar di Bursa Efek Indonesia Pada Tahun 2010-2013). Jurnal Akuntansi dan Keuangan, 18(1), 15 - 26.
Barus, R., & Maksum, A. (2011). Analisis Pengungkapan Informasi Corporate Social Responsibility dan Pengaruhnya terhadap Return Saham Jurnal Akuntansi dan Auditing Indonesia, 15(1), 83 - 102.
Carney, R. W., & Child, T. B. (2013). Changes to the ownership and control of East Asian corporations between 1996 and 2008: The primacy of politics. Journal of Financial Economics, 107(2), 494-513.
Cheung, Y. L., Tan, W., Ahn, H.-J., & Zhang, Z. (2010). Does Corporate Social Responsibility Matter in Asian Emerging Markets? Journal of Business Ethics, 92(3), 401-413. doi:10.1007/s10551-009-0164-3
Choi, J.-S., Kwak, Y.-M., & Choe, C. (2010). Corporate social responsibility and corporate financial performance: Evidence from Korea. Australian Journal of Management, 35(3), 291-311. doi:10.1177/0312896210384681
Crisóstomo, V. L., Freire, F. S., & Vasconcellos, F. C. d. (2011). Corporate social responsibility, firm value and financial performance in Brazil. Social Responsibility Journal, 7(2), 295-309. doi:10.1108/17471111111141549
Fauzi, H., & Idris, K. M. (2009). The relationship of CSR and financial performance: New evidence from Indonesia companies. Issues in Social and Enviromental Accounting, 3(1), 66 - 87.
Fauzi, H., Mahoney, L. S., & Abdul Rahman, A. (2007). The Link between Corporate Social Performance and Financial Performance: Evidence from Indonesian Companies. Issues in Social and Environmental Accounting, 1(1), 149 - 159.
Fitriani, H., & Setiany, E. (2014). Pengaruh Voluntary Disclosure of Financial Information dan CSR Disclosure terhadap Earning Response Coefficient. Jurnal Akuntansi dan Bisnis, 14(2). http://dx.doi.org/10.20961/jab.v14i2.158
Goyal, P., Rahman, Z., & Kazmi, A. A. (2013). Corporate sustainability performance and firm performance research: Literature review and future research agenda. Management Decision, 51(2), 361-379. doi:10.1108/00251741311301867
Ibrahim, M., Solikahan, E. Z., & Widyatama, A. (2015). Karakteristik Perusahaan, Luas Pengungkapan Corporate Social Responsibility, dan Nilai Perusahaan Jurnal Akuntansi Multiparadigma, 6(1), 99 - 106.
Lone, E. J., Ali, A., & Khan, I. (2016). Corporate governance and corporate social responsibility disclosure: evidence from Pakistan. Corporate Governance: The International Journal of Business in Society, 16(5), 785-797. doi:10.1108/CG-05-2016-0100
Malik, M. (2015). Value-Enhancing Capabilities of CSR: A Brief Review of Contemporary Literature. Journal of Business Ethics, 127(2), 419-438. doi:10.1007/s10551-014-2051-9
McWilliams, A., & Siegel, D. (2000). Corporate social responsibility and financial performance: correlation or misspecification? Strategic Management Journal, 21(5), 603-609. doi:10.1002/(SICI)1097-0266(200005)21:5<603::AID-SMJ101>3.0.CO;2-3
Milne, M. J., & Gray, R. (2013). W(h)ither Ecology? The Triple Bottom Line, the Global Reporting Initiative, and Corporate Sustainability Reporting. Journal of Business Ethics, 118(1), 13-29. doi:10.1007/s10551-012-1543-8
Minor, D., & Morgan, J. (2011). CSR as Reputation Insurance: Primum Non Nocere. California Management Review, 53(3), 40-59. doi:10.1525/cmr.2011.53.3.40
Mishra, S., & Suar, D. (2010). Does Corporate Social Responsibility Influence Firm Performance of Indian Companies? Journal of Business Ethics, 95(4), 571-601. doi:10.1007/s10551-010-0441-1
Oeyono, J., Samy, M., & Bampton, R. (2011). An examination of corporate social responsibility and financial performance: A study of the top 50 Indonesian listed corporations. Journal of Global Responsibility, 2(1), 100-112.
Restuti, M. M. D., & Nathaniel, C. (2012). Pengaruh Pengungkapan Corporate Social Responsibility terhadap Earning Response Coefficient. Jurnal Dinamika Manajemen, 3(1), 40 - 48.
Sarumpaet, S. (2006). The relationship between environmental performance and financial performance of Indonesian companies. Jurnal Akuntansi dan Keuangan, 7(2), 89-98. doi:https://doi.org/10.9744/jak.7.2.pp.%2089-98
Setiawan, D., Bandi, B., Phua, L. K., & Trinugroho, I. (2016). Ownership structure and dividend policy in Indonesia. Journal of Asia Business Studies, 10(3), 230 - 252.
Setiawan, D., Hapsari, R. T., & Wibawa, A. (2018). Dampak Karakteristik Dewan Direksi terhadap Pengungkapan Corporate Social Responsibility pada Perusahaan Pertambangan di Indonesia. Mix: Jurnal Ilmiah Manajemen, 8(1), 1 - 15.
Wang, D. H.-M., Chen, P.-H., Yu, T. H.-K., & Hsiao, C.-Y. (2015). The effects of corporate social responsibility on brand equity and firm performance. Journal of Business Research, 68(11), 2232-2236. https://doi.org/10.1016/j.jbusres.2015.06.003
Yuliana, R., Purnomosidhi, B., & Sukoharsono, E. G. (2008). Pengaruh karakteristik perusahaan terhadap corporate social responsibility (CSR) dan dampaknya terhadap reaksi investor. Jurnal Akuntansi dan Keuangan Indonesia, 5(2), 245 - 276.
Diterbitkan
2020-02-14
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ARYANI, Y Anni; SETIAWAN, Doddy.
Corporate Social Responsibility and Company Performance: Study in Companies Listed in Jakarta Islamic Index.
Matrik : Jurnal Manajemen, Strategi Bisnis, dan Kewirausahaan, [S.l.], p. 1 - 9, feb. 2020.
ISSN 2302-8890.
Tersedia pada: <https://ojs.unud.ac.id./index.php/jmbk/article/view/42606>. Tanggal Akses: 21 apr. 2025
doi: https://doi.org/10.24843/MATRIK:JMBK.2020.v14.i01.p01.
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