RELATIONSHIP BETWEEN INVESTMENT DECISIONS, ENVIRONMENTAL CONCERNS AND ENVIRONMENTAL PERFORMANCE ON CORPORATE SOCIAL RESPONSIBILITY

Musfialdy Musfialdy

Abstract


Corporate Social Responsibility (CSR) is an approach that integrates social care into a company’s business operations and its interactions with stakeholders. The approach is based on voluntary and partnership principles. CSR awareness is needed as a form of concern for the interests of stakeholders. CSR is not only volunteerism, but also it has become a demand for companies if they want to survive and develop. This study aims to analyze the influence of investment decisions, environmental concerns and environmental performance on CSR. The population were all mining companies listed on the Indonesia Stock Exchange from 2013-2016. A total of nine companies met the selection criteria. Results usinglinear regression indicate thatinvestment decisions,environmental, performance concerns positively and significantly affect the extent of CSR.Further research can extend the period of observation. The samples in other sectors on the Indonesian Stock Exchange.

Keywords


Investment Decisions; Environmental Concern; Environmental Performance; Corporate Social Responsibility

Full Text:

PDF

References


Angelia, Dessy and Rosita Suryaningsih. 2015.The Effect of Environmental Performance And Corporate Social Responsibility Disclosure Towards Financial Performance (Case Study to Manufacture, Infrastructure, And Service Companies That Listed At Indonesia Stock Exchange).Procedia - Social and Behavioral Sciences, Vol. 211, Pp. 348-355, DOI: 10.1016/j.sbspro.2015.11.045.

Asif, Muhammad, Cory Searcy, Ambika Zutshi, and Olaf A.M. Fisscher. 2013.An Integrated Management Systems Approach to Corporate Social Responsibility. Journal of Cleaner Production, Vol. 56, Pp. 717, DOI : 10.1016/j.jclepro.2011.10.034.

Bahri S and Febby Anggista Cahyani. 2016.Pengaruh Kinerja Lingkungan Terhadap Corporate Financial Performance Dengan Corporate Social Responsibility Disclosure sebagai Variabel Intervening. Jurnal Ekonomi Universitas Kediri, Vol 1. No 2, Pp 117-142.

Benlemlih M. and Blitar M. 2016.Corporate Social Responsibility and Investment Efficiency. Journal of Business Ethics Forthcoming, Vol 1, No.1, Pp1-53.

Boulouta, Ioanna and Christos N. Pitelis. 2014.Who Needs CSR? The Impact of Corporate Social Responsibility on National Competitiveness.Springer Science and Business Media Dordrecht, Vol. 119, Pp. 349-364, DOI : 10.1007/s10551-013-1633-2.

Cheng, Beiting, Ioannis Ioannou, and George Serafeim. 2014.Corporate Social Responsibility And Access to Finance. Strategic Management Journal, Vol. 35, Pp. 1–23, DOI: 10.1002/smj.

Rashid, Nik Ramli Nik Abdul. 2014. Environmental Corporate Social responsibility (ECSR) as a Strategic Marketing Initiatives. Procedia-Social and Behavior Sciences, Vol.130, Pp499-508, DOI: 10.1016/ j.sbspro.2014.04.058.

Fauziah, Syifa Ayu Reza. 2015.Pengaruh Investment Opportunity Set terhadap pengungkapan Tanggung Jawab Sosial Perusahaan, Skripsi, Fakultas Ekonomi Universitas Negeri Malang.

Freeman, R. Edward and Sergiy Dmytriyev. 2017.Corporate Social Responsibility and Stakeholder Theory: Learning From Each Other. Emerging Issues in Management, Vol. 2, Pp. 7-15, DOI : 10.4468/ 2017.1.02freeman.dmytriyev.

Handayani, Ari Retno. 2010.Pengaruh Environmental Disclosure Terhadap Economic Performance Serta Environmental Disclosure Terhadap Economic Performance (Studi Empiris Pada Perusahaan Manufaktur yang Terdaftar Di Bursa Efek Indonesia. Skripsi. Fakultas Ekonomi Dan Bisnis Universitas Diponegoro, Semarang.

Huang, Xiaobei Beryi and Luke Watson. 2015.Corporate Social Responsibility Research In Accounting. Journal of Accounting Literature, Vol.34, Pp. 116, DOI: 10.1016/j.acclit.2015.03.001.

Khan, Arifur, Mohammad Badrul Muttakin, and Javed Siddiqui. 2013.Corporate Governance and Corporate Social Responsibility Disclosures: Evidence from an Emerging Economy. Springer Science and Business Media, Vol. 114, Pp. 207-223, DOI : 10.1007/ s10551-012-1336-0.

Lucyanda J and Siagian L. G. P. 2012. The Influence of Company Characteristic Toward Corporate Social Responsibility Disclosure. International Conference on Business and Management, Vol .1, No.1, Pp601602.

PSAKNo. 1 Tahun 2012 (revisi) Tentang Praktik Pengungkapan Tanggung Jawab Sosial.

Prasetyo, Adi. 2010.Pengaruh Set Peluang Investasi Terhadap Pengungkapan Tanggung Jawab Sosial Perusahaan. Jurnal Ekonomika-Bisnis,Vol. 01, No.01, Pp 33- 46.

Pujiasih. 2013. Pengaruh Kinerja Lingkungan Terhadap Kinerja Keuangan Dengan Corporate Social Re- sponsibility (CSR) Sebagai Variabel Intervening (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia (BEI) Tahun 2009-2011).Skripsi. Universitas Negeri Semarang.

Reliantoro, Sigit. 2012. The Gold For Green: Bagaimana Penghargaan Proper Emas Mendorong Lima Perusahaan Mencapai Inovasi.Penciptaan Nilai Dan Keunggulan Lingkungan. http:// www.proper.menhl.go.id.

Saeidi, Sayedeh Parastoo, Saudah Sofian, Parvaneh Saeidi, Sayyedeh Parisa, and Seyyed Alireza. 2015. How Does Corporate Social Responsibility Contribute To Firm Financial Performance? The Mediating Role Of Competitive Advantage, Reputation, And Customer Satisfaction.Journal of Business Research, Vol. 68, Pp. 341-350, DOI: 10.1016/ j.jbusres.2014.06.024.

Sukasih, Anna and Eko Sugiyanto. 2017. Pengaruh Struktur Good Corporate Governance Dan Kinerja Lingkungan Terhadap Pengungkapan Corporate Social Responsibility (Studi Pada Perusahaan Manufaktur Di Bursa Efek Indonesia Periode 20112015).Riset Akuntansi dan Keuangan Indonesia. Vol. 2, No.2,Pp121-131.

Tampubolon, K. 2008. Hubungan Antara Kinerja Lingkungan, Pengungkapan Lingkungan dan Kinerja Ekonomi.Skripsi. Universitas Indonesia. Jakarta.

Undang-Undang Republik Indonesia No. 32 tahun 2009, Tentang Lingkungan Hidup.

Wisdom, Okere, Imeokparia Lawrence, Ogunlowore John Akindele and Isiaka Muideen. 2018. Corporate Social Responsibility and Investment Decisions in Listed Manufacturing Firms in Nigeria.Journal of Economics, Management and Trade, Vol. 21, No. 4, Pp. 1-12, DOI:10.9734/JEMT/2018/40844.




DOI: http://dx.doi.org/10.21776/ub.jam.2019.017.01.04

Refbacks

  • There are currently no refbacks.