Pengaruh Pengungkapan Corporate Social Responsibility Terhadap Kinerja Keuangan dan Kinerja Saham pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia

Abstract

This study aims to test and provide empirical evidence of corporate social responsibility influence on financial performance and stock price of manufacturing companies listed in Indonesia Stock Exchange (BEI) during the period of 2013 and 2014, there are 152 companies obtained by purposive sampling. The analysis technique used in this research is multiple linear regression analysis. The results of this study indicate that disclosure of social responsibility coporate has no significant effect on financial performance proxyed by ROA and ROE. The absence of significant influence means that CSR activities of the company are not able to improve financial performance well. In H2 disclosure of coporate social responsibility does not have a significant influence on stock prices. This shows that the public, investors, and shareholders are not too concerned about the information presented by the company about the company's concern for social problems. Thus, it is hoped that for further research using longer period of research because companies will increasingly disclose CSR and will increase the number of target population and in the measurement of CSR index, the researcher should adjust to the conditions in Indonesia, so that the activities and items disclosed by the company are included in In the criteria. Need to add variations of research empirical models that use other proxies so as to provide more accurate research analysis results.