Corporate Social Responsibility, Good Corporate Governance and the Intellectual Property: An External Strategy of the Management to Increase the Company's Value

Andayani, Wuryan; Atmini, Sari; Sadewo, Dede; Mwangi, James Kamau

doi:10.2139/ssrn.1327513

Cited by 14 publications

(11 citation statements)

References 10 publications

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“…Hasil penelitian yang dilakukan oleh Aman dan Pascal (2008) menemukan bahwa tata kelola perusahaan dengan peringkat yang lebih rendah memberi return yang lebih rendah karena risikonya lebih tinggi, sementara perusahaan dengan peringkat tata kelola yang lebih tinggi menghasilkan keuntungan yang lebih tinggi karena risikonya lebih rendah. Good Corporate Governance (GCG), dalam hal ini mencakup aspek kepemilikan manajerial dan kepemilikan institusional memiliki pengaruh terhadap pengungkapan tanggungjawab sosial perusahaan (Corporate Social Responsibility/CSR), sedangkan menurut studi Andayani et al (2008) kepemilikan institusional tidak berhubungan dengan tanggungjawab sosial perusahaan, sedangkan jumlah dewan komisaris independen memiliki hubungan positif dengan tanggungjawab sosial perusahaan.…”

Section: Pendahuluanunclassified

“…Hal ini mendukung hasil penelitian yang dilakukan oleh Sembiring (2005), Andayani (2008), dan Setyarini (2011), yang mengungkap bahwa ukuran dewan komisaris yang diproksi dengan jumlah seluruh dewan komisaris dalam suatu perusahaan memiliki pengaruh positif signifikan terhadap pengungkapan CSR. Hasil positif signifikan berarti bahwa semakin banyak jumlah dewan komisaris dalam perusahaan maka semakin luas pengungkapan sosial yang dilakukan.…”

Section: Analisis Dan Pembahasan Pengaruh Jumlah Dewan Komisaris Prounclassified

“…Andayani (2008). Proporsi kepemilikan publik tidak berpengaruh signifikan terhadap pengungkapan CSR.…”

Section: Pengaruh Jumlah Dewan Komisaris Proporsi Kepemilikan Publikunclassified

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Pengaruh Struktur Kepemilikan Dan Dewan Komisaris Terhadap Corporate Social Responsibility Dan Reaksi Pasar

Agustia¹

2017

EKUITAS

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Implementation of Corporate Social Responsibility (CSR) seems to be a logical consequence of the implementation practice of Good Corporate Governance (GCG). By implementing CSR, companies are expected to acquire social legitimacy and maximize its financial strength in the long term, so that will affect the value of sales of company stock. The purpose of this study is to examine the effect of ownership structure and the number of board of commissioners to disclosure of CSR and market reaction. Ownership structure in this case is the proportion of public ownership and proportion of managerial ownership. ABSTRAKPerkembangan pelaksanaan Corporate Social Responsibility (CSR) tampaknya merupakan konsekwensi logis dari implementasi praktik Good Corporate Governance (GCG). Dengan menerapkan CSR, diharap perusahaan akan memperoleh legitimasi sosial dan memaksimalkan kekuatan keuangannya dalam jangka panjang, sehingga akan mempengaruhi nilai penjualan saham perusahaan. Tujuan penelitian ini adalah menguji pengaruh struktur kepemilikan dan jumlah dewan direksi terhadap pengungkapan CSR dan reaksi pasar. Struktur kepemilikan dalam hal ini adalah proporsi kepemilikan publik dan kepemikian manajerial. Penelitian ini menggunakan analisis regresi. Variabel eksogen yang digunakan adalah jumlah dewan komisaris, proporsi kepemilikan publik, dan proporsi kepemilikan manajerial. Variabel endogen adalah pengungkapan CSR dan reaksi pasar. Hasil penelitian menunjukkan bahwa jumlah dewan komisaris berpengaruh signifikan terhadap pengungkapan CSR, proporsi kepemilikan publik tidak berpengaruh terhadap pengungkapan CSR, dan proporsi kepemilikan manajerial tidak berpengaruh terhadap pengungkapan CSR. Jumlah dewan komisaris memiliki pengaruh yang signifikan terhadap reaksi pasar. Proporsi kepemilikan publik tidak berpengaruh terhadap reaksi pasar. Proporsi kepemilikan manajerial tidak berpengaruh terhadap reaksi pasar. Penelitian ini juga membuktikan bahwa pengungkapan CSR tidak berpengaruh terhadap reaksi pasar.Kata kunci: Dewan komisaris, proporsi kepemilikan publik, proporsi kepemilikan manajerial, corporate social responsibility, reaksi pasar

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Section: Pendahuluanunclassified

Section: Analisis Dan Pembahasan Pengaruh Jumlah Dewan Komisaris Prounclassified

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Pengaruh Struktur Kepemilikan Dan Dewan Komisaris Terhadap Corporate Social Responsibility Dan Reaksi Pasar

Agustia¹

2017

EKUITAS

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“…Furthermore, the lacking of CSR and corporate governance in emerging markets has been widely discussed [12], and according to Monks and Minow [13], there is a significant lack of literature about CSR and corporate governance in emerging markets.The literature is almost nonexistent about the foreign institutional investors and CSR studies in China, because most of the literature is related to studies conducted in the context of western countries. This lack of research in the above-mentioned fields also forces researchers to study the role of institutional investors and female directors in CSR [14].According to Szeto [15], Confucian values play a central role in shaping CSR and giving modern corporate governance policies and the overall framework. It is believed by us that most of the research conducted in western countries will not be suitable or applicable in the Chinese context.Most of the listed firms in China are controlled by the government, which is CSRC (2009).…”

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“…The literature is almost nonexistent about the foreign institutional investors and CSR studies in China, because most of the literature is related to studies conducted in the context of western countries. This lack of research in the above-mentioned fields also forces researchers to study the role of institutional investors and female directors in CSR [14].…”

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The Impact of Board Gender Diversity and Foreign Institutional Investors on the Corporate Social Responsibility (CSR) Engagement of Chinese Listed Companies

et al. 2019

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The main purpose of this research is to examine the impact of board gender diversity and foreign institutional investors on the corporate social responsibility engagement of Chinese listed companies by considering a sample from the China Stock Market and Accounting Research (CSMAR) database of all non-financial firms listed on the Shanghai stock exchange and the Shenzhen stock exchange during the period from 2008–2015. The CSR is engaged by using the data from the CSMAR database at the firm level, and ranks the CSR disclosures of Chinese companies separately. The recent CSR promotion in China produced a visible increase in attracting female members on the board and members as foreign institutional investors by Chinese listed companies. The findings also showed that the greater the presence of female directors on the board, the stronger the CSR engagement would be. According to critical mass theory and team dynamics, these findings further broaden the accounts that emphasize social networks based on gender. Hence, female members on the board of directors emerged to be significant as a gender mix with extending CSR change. Therefore, our results added a new aspect to the emerging literature on CSR-engagement and gender especially in China. Due to intense political forces and networks in the Chinese listed entities, foreign institutional investors (FIIS) have less incentive to enhance CSR engagement further. Thus, the impact of foreign institutional investors on CSR engagement is as yet unknown, but we improved our knowledge about how the international aspects affect CSR in China. Furthermore, our results are robust, which concern control variables under consideration.

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Are Socially Responsible Behaviors Paid Off Equally? A Cross‐cultural Analysis

Rodríguez

Carrasco‐Gallego

Escobar‐Pérez

2013

Corp Soc Responsibility Env

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Based on the strong influence that national culture has on corporate social and responsibility (CSR) actions (institutional theory), it is necessary to study how the financial outcomes of CSR actions could be affected by these cultural characteristics. This fact is particularly interesting for managers whose companies operate in different cultures given that they have to deal with this aspect. The aim of this paper is to analyze the moderator role that national culture could have on the CSR and firm performance (CSR‐FP) relationship through a meta‐analysis, hence helping to clarify the debate existing about this relationship in the literature. The results show that this relationship is greatly affected by national culture. In this sense, countries with a high assertiveness and gender egalitarianism show a very negative relationship. Nevertheless, those with a higher future orientation, institutional collectivism, and a humane orientation reveal a positive correlation which reaches its maximum value in those countries with a high uncertainty avoidance. Copyright © 2013 John Wiley & Sons, Ltd and ERP Environment

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Corporate Social Responsibility, Good Corporate Governance and the Intellectual Property: An External Strategy of the Management to Increase the Company's Value

Cited by 14 publications

References 10 publications

Pengaruh Struktur Kepemilikan Dan Dewan Komisaris Terhadap Corporate Social Responsibility Dan Reaksi Pasar

Pengaruh Struktur Kepemilikan Dan Dewan Komisaris Terhadap Corporate Social Responsibility Dan Reaksi Pasar

The Impact of Board Gender Diversity and Foreign Institutional Investors on the Corporate Social Responsibility (CSR) Engagement of Chinese Listed Companies

Are Socially Responsible Behaviors Paid Off Equally? A Cross‐cultural Analysis

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