CSR and Financial Performance Analysis: Evidence from Top ASEAN Listed Companies

Waworuntu, Stephanus Remond; Wantah, Michelle Dewi; Rusmanto, Toto

doi:10.1016/j.sbspro.2014.11.107

Cited by 59 publications

(51 citation statements)

References 37 publications

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“…The above table shows that, firstly, the disclosure of Economics aspect (EC) has a positive and significant impact on the market performance of the company. These results are consistent and support the research by [6], and [7]. This proves that the disclosure of the economics aspects in sustainability report improve market performance since the disclosure of these aspects can prove their company's contribution to the development of the global economy and local communities.…”

Section: Sustainability Report Disclosuresupporting

confidence: 89%

“…However, several studies related to the sustainability report showed inconsistent results. Research by [6], as well as [7] states that the three aspects of sustainability report has a significant positive effect on the enterprise market performance, either partially or simultaneously. On the other hand, research by [8] expressed a negative influence on such things.…”

Section: Introductionmentioning

confidence: 99%

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The study of sustainability report disclosure aspects and their impact on the companies’ performance

Caesaria

Basuki

2017

SHS Web Conf.

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Abstract. This research is aimed to invetigate the effect of Sustainability Report Disclosure to the Firm's market performance. Three material aspects disclosed in the Sustainability report such as economics (EC), environmental (EN), and social aspect (SC) are used as the independent variables in this research and, furthermore, the dependent variable is the market performance which is proxied by using Tobin's Q. This researchs was conducted using mainstream positivistic quantitative methods to test the three formulated hypotheses. The samples taken were 44 observations from all listed companies in the Indonesia Stock Exchange (IDX) that reveal sustainability reports using GRI-G4 guidelines. This guideline is the latest version issued by the Global Reporting Innitiative (GRI), which can be implemented starting from 2013. The results showed that economicss, environmental, and social aspects have positively significant influence to the companies market performance. The practical implication of this research is the value given by society in term of the company image to those companies which disclosure their activities related to economics, social, and environment activities affects their company performance.

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Section: Sustainability Report Disclosuresupporting

confidence: 89%

Section: Introductionmentioning

confidence: 99%

The study of sustainability report disclosure aspects and their impact on the companies’ performance

Caesaria

Basuki

2017

SHS Web Conf.

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“…Those score will be summed then subtracted with number of criterias in GRI 3.1. This measurement also used in Jenkins & Yakovleva (2006), Yuliana et al (2008; Panayiotou et al (2009), Mulyadi & Anwar (2012, Waworuntu et al (2014). ISSN 2162-4860 2016 www.macrothink.org/ber 56 The higher CSR score, indicate that more firm's CSR activity fulfil GRI's criteria.…”

Section: Methodsmentioning

confidence: 99%

Corporate Social Responsibility (CSR) Performance and Accrual Quality: Case study on Firms Listed on Indonesia Stock Exchange (IDX)

Aditya¹,

Juniarti²

2016

BER

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Research on the impact of corporate social responsibility (CSR) performance to the financial performance have been widely studied previously. However, there were a few studies investigate the effect of CSR on accrual quality which is one of the attributes of earning quality. The aim of this study is to examine the affect of CSR toward accrual quality in the context of Indonesia, where the empirical results of the benefits of CSR implementatation are still scant.Research samples are all listed companies in Indonesia Stock Exchange (IDX) in miscellaneous industry sector for period 2009 to 2013. There are 92 firm years included in this study. CSR is measured by scoring CSR activities of the firm based on GRI Index guideline version 3.1, whereas attributes of earning quality used in this study is accrual quality. We include two control variables in this research model i.e. firm size and leverage. The results show that CSR performance do not explain the changes in accrual quality. Leverage has no effect on accrual quality as well. On the other hand firm size has a significant effect on CSR performance however the sign of association is contrary with the expected.

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“…However, despite the pervasive organizational rhetoric, there is mixed evidence regarding the empirical relationship between reputation and CSR activity (Graafland, 2017;Inoue, Kent, & Lee, 2011;Nelling & Webb, 2009;Pava & Krausz, 1996;van Beurden & Gössling, 2008;Waworuntu, Wantah, & Rusmanto, 2014). This study focuses specifically on measurement issues in the highly touted, yet empirically contested, CSR performance/reputation link.…”

Section: Introductionmentioning

confidence: 99%

The (in)congruence of measures of corporate social responsibility performance and stakeholder measures of corporate social responsibility reputation

Yang

Stohl

2019

Corp Soc Responsibility Env

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A central proposition of the “business case” for corporate social responsibility (CSR) is that a company's CSR practices are linked to consumer behavior and a firm's financial performance through reputational mechanisms. This study addresses the equivocal support for this proposition through an empirical analysis of the survey items most often used to assess a company's CSR and its stakeholder reputation. This study tests the congruence among nine different measures of environmental, social, and governance dimensions of CSR and a public corporate reputation measure. Two distinct factors are identified—direct CSR impact and assessment/reputation—suggesting that the global corporate reputation does not capture tangible CSR impact (environment and social) and is only congruent with a measure of intangible CSR performance (governance). The study highlights the importance of taking a multidimensional approach. Addressing measurement issues helps unpack the theoretical and practical link between CSR and corporate reputation and provides strategic guidance when planning CSR business and communication strategies.

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CSR and Financial Performance Analysis: Evidence from Top ASEAN Listed Companies

Cited by 59 publications

References 37 publications

The study of sustainability report disclosure aspects and their impact on the companies’ performance

The study of sustainability report disclosure aspects and their impact on the companies’ performance

Corporate Social Responsibility (CSR) Performance and Accrual Quality: Case study on Firms Listed on Indonesia Stock Exchange (IDX)

The (in)congruence of measures of corporate social responsibility performance and stakeholder measures of corporate social responsibility reputation

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