PENGARUH PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY TERHADAP KINERJA KEUANGAN PERUSAHAAN (Studi pada seluruh perusahaan BUMN yang terdaftar di BEI periode 2013-2018)

Dina Mercuri, Anggita Langgeng Wijaya, M. Agus Sudrajat

Abstract


The purpose of this study was to determine the effect of Corporate Social Responsibility disclosure on the company's financial performance projected by Tobin's Q. This study uses simple linear regression analysis. The study population was 20 state-owned companies listed on the Indonesia Stock Exchange (IDX) for the period 2013-2016. The research sample was selected using a purposive sampling technique with predetermined criteria to obtain a sample of 11 companies then multiplied by 4 years and finally obtained a total sample of 44. Tobin's Q Ratio is used as a proxy of the company's financial performance. Hypothesis test results indicate the disclosure of Corporate Social Responsibility has a significant negative effect on the company's financial performance as measured by Tobin's Q.
Keywords: Corporate Social Responsibility, Financial Performance, Tobin's Q


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