Pengungkapan Corporate Social Responsibility Dan Earnings Management : Motivasi Oportunis Atau Etis ?

This study aims to examine the relationship between CSR disclosure and earnings management. The research was interesting to do because the results of previous studies are are varied and specifically using industry differs from previous studies. Based on the above, the purpose of writing a scientific paper is to determine how the relationship between CSR disclosure and earnings management, is positively related to political theory hypothesis according to predictions, or negative according to the CSR literature on corporate ethics. This research uses financial statements data of non-financial company listed in Bursa Efek Indonesia (BEI) from year 2010. Based on method purposive sampling, research sample total is 136 companies from three industrial firms in 2010 (mining, manufacture, and agriculture). Hypothesis in this research are tested by pearson correlation. Result show that CSR disclosure is negatively associated with earnings management. The evidence support the view that the relationship between CSR disclosure and earning managemen is affected by the ethical considerations not by opportunistic motives

Do companies reduce CSR disclosures during recessions?

Purpose: We investigate trends in prevalence and volume of CSR disclosure by the top 50 New Zealand listed companies from 2005 to 2010, i.e. from before until after the initial impact of the global financial crisis (GFC). Design/methodology/approach: We examine the annual reports of each of the companies between the years 2005 and 2010, as well as company websites for standalone CSR reports. We count the number of pages of any social and environmental disclosures in annual reports and in standalone reports for each year and use this data to assess whether overall trends can be discerned. We compare CSR disclosure trends with changes in business confidence. Findings: Our results reveal a general upward trend in CSR disclosures over the six-year period. The number of companies disclosing in their annual reports and standalone reports increased from 2005 to 2007. However, during the initial drop in business confidence in 2008 (brought on by the GFC), CSR disclosures in annual reports and standalone reports remained consistent overall with 2007. Companies operating within industries more prone to public scrutiny or those industries more sensitive to the social and environmental impacts of corporate operations actually increased their CSR disclosures, whereas other companies decreased their disclosure for an overall constant level. The upward trend resumed in 2009, but when business confidence again suffered in 2010, overall annual report CSR disclosures decreased, whereas overall standalone report disclosure continued the upward trend. In sum, during times of reduced business confidence, companies in non-environmentally-sensitive and non-socially-sensitive industries appear to buck the overall trend towards increased CSR disclosures. Originality: Many studies conclude that there is an upward trend in CSR disclosures over time. Other studies examine the impact of particular events on disclosure. However, we are not aware of any study that examines the impact of the initial phase of the GFC on the overall upward trend in CSR disclosures, i.e. whether companies subjugate CSR in favour of more pressing business priorities during times of reduced business confidence

Does Institutional Context Affect CSR Disclosure? A Study on Eurostoxx 50

We propose to investigate the relationship between corporate social responsibility disclosure and institutional/environmental factors among a sample of European listed companies. We find that, by using several traditional explicative variables, institutional factors affect the level of CSR disclosure, in a context where the EU Commission has been paying growing attention to social and environmental accountability of listed companies (see the EU Dir. 95/2014). Our findings are further supported by multivariate regression, where ESG score (measure of CSR disclosure) is regressed on nine variables which represent the expression of institutional factors. By looking at the institutional determinants of CSR disclosure, we are seeking to pose a challenge for future research agenda, in order to understand whether CSR does actually reflect an effective commitment of firms to accounting practices and rules, as a form of social behavior, or whether it is just a tool to manage stakeholders’ perception and to comply with regulation

Impact of corporate social responsibility disclosures on financial performance

The purpose of this study is to explore the impact of corporate social responsibility (CSR) disclosure on the financial performance of industrial companies operating in Australia. The study adopts a quantitative methodological approach. Using a statistical analysis technique, the study makes use of regression analysis to explore the relation between the independent variable (number of CSR achievements) and the dependent variable (average share price). The number of CSR achievements was extracted from annual reports using content analysis. The average share price was taken from the annual reports. The total sample is 10 industrial companies listed in Australian Stock Exchange (ASX), and the sample comprises 50 annual reports. The result of the analysis shows that overall there is positive relationship between CSR disclosure and the financial performance of listed Australian companies operating in the industrial sector of the economy. It is recommended that these companies pay more attention to their CSR disclosure, and view it to achieve better financial performance

PENGARUH PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY TERHADAP KEPEMILIKAN INSTITUSIONAL PADA PERUSAHAAN BERKATEGORI HIGH-PROFILE YANG LISTING DI BURSA EFEK INDONESIA

The aim of this research is to investigate the effects of Corporate Social Responsibility (CSR) disclosure dimensions to institutional ownership in companies. Dimensions from CSR disclosure follow the indicators from Golden Hope Plantation Berhad (GHPB) that stand from four category which is employee relation, community involvement, product, and environment. Company’s institutional ownership seen by the stock ownership from institution in each companies. Therefore, this research attempts to develop previous researchs by using four CSR disclosure indicators form GHPB as independent variable. The four independent variables are employee relation CSR disclosure, community involvement CSR disclosure, product CSR disclosure, and environment CSR disclosure. The population of this research is the companies listed in BEI (Bursa Efek Indonesia) in the year of 2008-2009. Based on purposive sampling method, sample size of this research is 61 companies while data source is the annual reports of companies in Indonesia. Data analysis is used contents analysis, procees by classic assumption, and then hypothesis test is used multiple linear regression method in SPPS 16.0 software. This research’s results show that only employee relation CSR disclosure and product CSR disclosure which have a positive and significant effect to institutional ownership. In other hand, community involvement CSR disclosure and environment CSR disclosure have no positive and no significant effect to institutional ownesrship. This research’s result generally coincide with the previous research findings on disclosure of corporate social responsibility and its relations with insitutiona ownership

Impact of Corporate Social Responsibility (CSR) on the financial performance of industrial companies in New Zealand

The purpose of this study is to discover the influence Corporate Social Responsibility (CSR) disclosure has on the financial performance of industrial companies operational in New Zealand. The study implements a quantitative methodological approach. By means of a statistical analysis technique the study examines the hypothesis that CSR has a positive impact on financial performance of industries. The study makes use of content analysis in order to extract data about the independent variable (CSR Disclosure Index Rating) and dependent variable (Average Stock Price) of industrial companies. The sample comprises of 15 listed industrial companies in New Zealand. In this research it is observed that there is significance between CSR Disclosure and Financial Performance, apart from a few industries. This further reflects that there are several other factors which make CSR Disclosures affect financial performance, like industry risk and exposure and level of stakeholder engagement. The lower the rank of correlation, the better is the company. The analysis is being done with the help of correlation and regression method using MS-Excel and the data is being taken from New Zealand Stock Exchange and Bloomberg. With the help of all this data, the researcher will use it to make conclusions and offer suggestions

FAKTOR-FAKTOR YANG MEMPENGARUHI PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY (CSR)

The purpose of this study was to analyze the disclosure of CSR (Corporate Social Responsibility) in the annual report the company profile and influence on the disclosure of CSR. This study uses company size, board size, board age, leverage, profitability, woman in board, board meetings and industry profile as independent variable, and CSR as dependent variable, the object of research is annual reports that listed on Bursa Efek Indonesia in 2014. Testing hypothesis in this study using multiple regression method. The results of this study indicate that independent variable, board size positive and significant effect on disclosure of CSR. While industry profile that consists of three main sectors,only service sector companies that significantly affect disclosure of CSR. Last, independent variables together have an effect on the disclosure of CSR at 0.165

PENGARUH SIZE, PROFITABILITAS, LEVERAGE, DAN UMUR TERHADAP PENGUNGKAPAN TANGGUNG JAWAB SOSIAL PERUSAHAAN (Studi Empiris Perusahaan Manufaktur yang Listing di BEI TAHUN 2010 – 2013)

Currently the company is not only required to make a profit, but also must pay attention to social responsibility in the community. From an economic perspective, it is expected to benefit the company as high. But from the social aspect, the company must contribute directly to the public, namely improving the quality of people's lives and the environment. Factors thought to affect the disclosure of corporate social responsibility (CSR) is the company size, profitability, leverage and age. However, based on the results of previous studies showed different results depending on the influence of these variables on disclosure of corporate social responsibility (CSR). The purpose of this study was to analyze the effect of firm size, profitability, leverage and age on the disclosure of corporate social responsibility (CSR). The sample used in this study were 75 companies listed on the Stock Exchange and its shares are actively traded during the period 2010-2013 by using purposive sampling technique. The data used is secondary data. The analysis technique used is multiple linear regression. According to analysis done can be seen that the size of the company does not affect the disclosure of corporate social responsibility (CSR), the profitability of a positive effect on social responsibility disclosure (CSR), leverage significant negative effect on the disclosure of corporate social responsibility (CSR) and the age of the company is not affect the disclosure of social responsibility (CSR). Test results of multiple linear regression showed that the regression model is used to predict good for the disclosure of social responsibility (CSR). While the disclosure of corporate social responsibility (CSR) can be explained by the independent variables are firm size, profitability, leverage and age of 20.1%

PENGARUH PENGUNGKAPAN TANGGUNG JAWAB SOSIAL PERUSAHAAN (CSR DISCLOSURE) TERHADAP KEPEMILIKAN INSTITUSIONAL PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI

The tendency of globalization and the increasing demand from stakeholders for the company to carry out the role of social responsibility and disclosure encourage corporate involvement in CSR practices. CSR itself is a general statement that shows a company's obligation to take advantage of economic resources in the operation to provide and contribute to internal and external stakeholders. With practice and disclosure of CSR, companies will benefit for the company itself. On the basis of these conditions, this study was conducted to determine the effect of disclosure of social responsibility (CSR disclosure) to the institutional ownership in manufacturing companies in Indonesia. This study uses four independent variables which include CSR Disclosure, employee relations, community involvement, products, and the environment with the dependent variable, namely institutional ownership with four research hypotheses. Data on CSR Disclosure, employee relations, community involvement, product, environmental, and institutional ownership is obtained through annual reports or annual reports Indonesia Stock Exchange (IDX) which subsequently were analyzed by using statistical regression techniques. Test results using regression test showed that the four hypotheses proposed only proven products or in other words CSR Disclosure, employee relations, community involvement, and the environment proved no significant effect on IO