MEDIA DISCLOSURE AND FINANCIAL PERFORMANCE IN CORPORATE SOCIAL RESPONSIBILITY: EVIDENCE FROM INDONESIAN MINING
DOI:
https://doi.org/10.32815/ecosia.vi.26Keywords:
Media Disclosure, Financial Performance, Corporate Social Responsibility, MiningAbstract
This study aims to determine the influence of media disclosure and financial performance on CSR. The research population is a mining company listed on the Indonesia Stock Exchange (IDX) in 2019-2021.The sampling technique used is purposive sampling technique, which is technique of determining samples with certain considerations. The samples used were 17 mining companies. This type of research is descriptive quantitative. The use of secondary data from IDX publications and official websites of mining companies in the form of time series data, namely media disclosure and financial performance. This study used multiple linear regression analysis with the EVIEWS 12.0 software program tool. The results of the study found that, from the results of the t-test, it can be concluded that each variable of media disclosure and financial performance has a significant effect on CSR in mining companies. The results of the coefficient of determination test (R^2) showed that the ability of independent variables (media disclosure and financial performance) in explaining dependent variables (CSR) was 55.26 percent while the remaining 44.74 percent was explained by other variables outside the model〖 R〗^2.
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Brammer, S., & Millington, A. (2006). Firm size, organizational visibility and corporate philanthropy: an empirical analysis. Business Ethics: A European Review, 15(1), 6–18. https://doi.org/10.1111/j.1467-8608.2006.00424.x
Cahan, S. F., Chen, C., Chen, L., & Nguyen, N. H. (2015). Corporate social responsibility and media coverage. Journal of Banking and Finance, 59(July), 409–422. https://doi.org/10.1016/j.jbankfin.2015.07.004
Campbell, J. L. (2007). Why would corporations behave in socially responsible ways? an institutional theory of corporate social responsibility. Academy of Management Review, 32(3), 946–967. https://doi.org/10.5465/amr.2007.25275684
Chang, Y. (2016). Moderating Effects of Media Coverage and Corporate Governance on CSR-CFP Nexus-Evidence from Listed Companies on Taiwan Stock Exchange. International Journal of Economics and Finance, 8(5), 190. https://doi.org/10.5539/ijef.v8n5p190
Chariri, A. (2008). Kritik sosialatas pemakaian teori dalam penelitian pengungkapan sosial dan lingkungan (pp. 151–169). pp. 151–169. Semarang: FE Universitas Diponegoro.
Darma, B. D., Arza, F. I., & Halmawati, H. (2019). Pengaruh Pengungkapan Media, Kinerja Lingkungan Dan Kepemilikan Asing Terhadap Pengungkapan Corporate Social Responsbility. Jurnal Eksplorasi Akuntansi, 1(1), 78–89. https://doi.org/10.24036/jea.v1i1.63
Dhaliwal, D. S., Li, O. Z., Tsang, A., & Yang, Y. G. (2011). Voluntary Nonfinancial Disclosure and the Cost of Equity Capital: The Initiation of Corporate Social Responsibility Reporting. The Accounting Review, 86(1), 59–100. https://doi.org/10.2308/accr.00000005
Dimson, E., Karakaş, O., & Li, X. (2015). Active Ownership. Review of Financial Studies, 28(12), 3225–3268. https://doi.org/10.1093/rfs/hhv044
Freeman. (1984). Strategic Management: A Stakeholder Approach. Boston: Pitman Press.
Garriga, E., & Mele, D. (2017). Corporate social responsibility theories: Mapping the territory. Corporate Social Responsibility, 53(1), 107–127.
Groza, M. D., Pronschinske, M. R., Walker, M., Groza, M. D., & Walker, M. (2017). Linked references are available on JSTOR for this article : and Reactive CSR Perceived Organizational Motives and Consumer Responses to Proactive. 102(4), 639–652.
Hsiang, B., Chyi, I., & Mccombs, M. (2015). Media Salience and The Process of Framing ; Coverage of the Columbine School Shootings. J&MC Quarterly, 81(1), 22–35.
Ip, P. K. (2009). The Challenge of Developing a Business Ethics in China. Journal of Business Ethics, 88(S1), 211–224. https://doi.org/10.1007/s10551-008-9820-2
Kim, Y., Li, H., & Li, S. (2014). Corporate social responsibility and stock price crash risk. Journal of Banking & Finance, 43(1), 1–13. https://doi.org/10.1016/j.jbankfin.2014.02.013
Kiousis, S., Popescu, C., & Mitrook, M. (2007). Understanding Influence on Corporate Reputation: An Examination of Public Relations Efforts, Media Coverage, Public Opinion, and Financial Performance From an Agenda-Building and Agenda-Setting Perspective. Journal of Public Relations Research, 19(2), 147–165. https://doi.org/10.1080/10627260701290661
Krüger, P. (2015). Corporate goodness and shareholder wealth. Journal of Financial Economics, 115(2), 304–329. https://doi.org/10.1016/j.jfineco.2014.09.008
Manchiraju, H., & Rajgopal, S. (2017). Does Corporate Social Responsibility (CSR) Create Shareholder Value? Evidence from the Indian Companies Act 2013. Journal of Accounting Research, 55(5), 1257–1300. https://doi.org/10.1111/1475-679X.12174
Margolis, J., & Walsh, J. (2003). Misery Loves Rethinking Companies : Social Initiatives. Administrative Science Quarterly, 48, 268–305.
Naseem, T., Shahzad, F., Asim, G. A., Rehman, I. U., & Nawaz, F. (2020). Corporate social responsibility engagement and firm performance in Asia Pacific: The role of enterprise risk management. Corporate Social Responsibility and Environmental Management, 27(2), 501–513. https://doi.org/10.1002/csr.1815
Plorensia, W., & Hardiningsih, P. (2018). Pengaruh Agresivitas Pajak Dan Media Eksplosure Terhadap Corporate Social Responsibility. Dinamika Akuntansi, Keuangan Dan Perbankan, 4(2), 136–151.
Sandityas, Z. A., & Trisnawati, R. (2019). Faktor-faktor yang Mempengaruhi Pengungkapan Tanggung jawab Sosial Perusahaan ( Studi Kasus pada Perusahaan Manufaktur di Bursa Efek Indonesia Tahun 2015-2018 ). Seminar Nasional Dan The 6th Call for Syariah Paper, 471–480.
Servaes, H., & Tamayo, A. (2021). The Impact of Corporate Social Responsibility on Firm Value: The Role of Tax Aggressiveness in Indonesia. Journal of Asian Finance, Economics and Business, 8(3), 209–216. https://doi.org/10.13106/jafeb.2021.vol8.no3.0209
Stanaland, A., Lwin, M., & Murphy, P. (2015). Customer Perceptions of the Antecedents and Consequences of Corporate Social Responsibility. Journal of Business Ethics, 102(1), 47–55.
Sugiyono. (2018). Metodologi Penelitian Kuantitatif, Kualitatrif, R&D. Bandung: Alfabeta.
Tovani, A. (2015). Pengaruh Kinerja Keuangan Terhadap Corporate Social Responsibility Pada Perusahaan Perbankan Konvensional Di Indonesia Periode Tahun 2009 - 2013. (1), 1–32.
Tsoutsoura, M. (2004). Corporate Social Responsibility and Financial Performance. 1–21.
Utami, L. T., Maslichah, & Mawardi, M. C. (2019). Pengaruh Kinerja Keuangan Terhadap Pengungkapan Corporate Social Responsibility (CSR) Pada Perusahaan Manufaktur. E-Jurnal Riset Akuntansi, 8(8), 98–112.
Wahyuningsih, A., & Mahdar, N. M. (2018). Pengaruh Size, Leverage dan Profitabilitas Terhadap Pengungkapan Csr Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia. Jurnal Bisnis Dan Komunikasi, 5(1), 27–36.
Wu, S., Zhang, H., & Wei, T. (2021). Corporate Social Responsibility Disclosure, Media Reports, and Enterprise Innovation: Evidence from Chinese Listed Companies. Sustainability, 13(15), 8466. https://doi.org/10.3390/su13158466
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Published
2022-12-19
How to Cite
Shifa, F. H., & Dura, J. (2022). MEDIA DISCLOSURE AND FINANCIAL PERFORMANCE IN CORPORATE SOCIAL RESPONSIBILITY: EVIDENCE FROM INDONESIAN MINING. Ecosia International Conference, 271–282. https://doi.org/10.32815/ecosia.vi.26
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