The Effects of Corporate Social Responsibility to the Corporate Value
Main Article Content
Abstract
This study aims to determine the influence of Corporate Social Responsibility to the company value. The research used quantitative method, which is conducted through data collection with secondary data from Indonesia Stock Exchange. While the population of all plastic and packaging sub-sector of manufacturing companies listed on Indonesia Stock Exchange which are as many as 14 companies, the sample fulfilled the criteria used in this research is 12 companies of plastic and packaging manufacturing company listed on Indonesia Stock Exchange from 2013 until 2017. Data analysis was conducted by using simple linear regression statistic method and hypothesis testing with t test. The results indicate that Corporate Social Responsibility have a positive effect to the corporate values of manufacturing company which is classified in manufacturing plastic and packaging sub-sector listed on Indonesia Stock Exchange. Practical and theoretical implications were also discussed.
Article Details

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
This is a state of publication that makes writers respect the copyright of their articles and enables us to ensure full copyright protection and to disseminate international journals. Authors are asked to transfer copyrights to ensure the widest possible dissemination of information. Notification will be sent to the relevant Author who confirms receipt of the manuscript. If citations from other copyrighted works are included, the Author must obtain written permission from the copyright owner and give credit to the source in the article.
References
Anggraini, F. R. R. (2006). Pengungkapan informasi sosial dan faktor-faktor yang mempengaruhi pengungkapan informasi sosial dalam laporan keuangan tahunan. National Accounting Symposium IX. Padang, 23-26 August.
Brigham, E. F., & Houston, J. F. (2012). Fundamentals of financial management. Boston: Cengage Learning.
Cong, Y., & Freedman, M. (2011). Corporate governance and environmental performance and disclosures. Advances in Accounting, 27(2), 223-232.
Dahlia, L., & Siregar, S. V. (2008). Pengaruh Corporate Social Responsibility terhadap Kinerja Perusahaan (Studi Empiris pada Perusahaan yang Tercatat di Bursa Efek Indonesia pada Tahun 2005 dan 2006). Simposium nasional akuntansi XI. Pontianak.
Darwin, A. (2006). Akuntabilitas, kebutuhan, pelaporan dan pengungkapan CSR bagi perusahaan di Indonesia. Economics Business Accounting Review, 3, 83-95.
Dilley, S. C., & Weygandt, J. J. (1973). Measuring social responsibility: An empirical test. Journal of Accountancy (pre-1986), 136(000003), 62.
Elkington, J., & Hailes, J. (1988). The green consumer guide: from shampoo to champagne; high-street shopping for a better environment. London: Gollancz.
Fakhruddin, M., & Hadianto, M. S. (2001). Perangkat dan Model Analisis Investasi di Pasar Modal. Jakarta: Elex Media Komputindo.
Global Reporting Initiative. [Online] Available: https://www.globalreporting.org/ (January 20, 2018). Accessed May 20, 2018.
Hahn, R. (2009). The ethical rational of business for the poor–integrating the concepts bottom of the pyramid, sustainable development, and corporate citizenship. Journal of business ethics, 84(3), 313-324.
Henny, H., & Murtanto, M. (2008). Analisis Pengungkapan Sosial Pada Laporan Tahunan. Media Riset Akuntansi, Auditing & Informasi, 1(2), 21-48.
Hermuningsih, S., & Wardani, D. K. (2009). Faktor-faktor yang mempengaruhi nilai perusahaan pada perusahaan yang terdaftar di Bursa Efek Malaysia dan Bursa Efek Indonesia. Jurnal Siasat Bisnis, 13(2).
Hopkins, M. (2004). Corporate social responsibility: an issues paper. Working paper. ILO, Geneve. Available at SSRN 908181.
Indofood. (2016). Annual Report 2016. Available: https://translate.google.com/#view=home&op=translate&sl=en&tl=id&text=Indofood.%20(2016).%20Annual%20Report%202016.%20Available%3A. Accessed May 21, 2018.
Kuntari, Y., & Sulistyani, A. (2007). Pengaruh Karakteristik Perusahaan Terhadap Pengungkapan Tanggung Jawab Sosial dalam Laporan Tahunan Perusahaan Indeks Letter Quality (LQ 45) Tahun 2005. Jurnal Ilmiah Aset 3(2), 14-26.
Kurniawan, R. (2017). Effect of environmental performance on environmental disclosures of manufacturing, mining and plantation companies listed in Indonesia stock exchange. Arthatama, 1(1), 6-17.
Lindrawati, Felicia, N., Budianto, T. (2008). Pengaruh Corporate Social Responsibility terhadap Kinerja Keuangan Perusahaan yang Terdaftar Sebagai 100 Best Corporate Citizens oleh KLD Research & Analytics. Majalah Ekonomi Universitas Airlangga, 18(1), 4040.
Nurlela, R. (2013). Pengaruh corporate social responsibility terhadap nilai perusahaan dengan persentase kepemilikan manajemen sebagai variabel moderating (studi empiris pada perusahaan yang terdaftar di Bursa Efek Jakarta). Study Journal and Accounting Research, 1(2), 240-252
Permanasari, W. I. (2010). Pengaruh kepemilikan manajemen, kepemilikan institusional, dan Corporate Social Responsibility terhadap nilai perusahaan. Thesis, Faculty of Economics Diponegoro University.
Savitz, A. (2013). The triple bottom line: how today's best-run companies are achieving economic, social and environmental success-and how you can too. John Wiley & Sons.
Siallagan, H., & Machfoedz, M. U. (2006). Mekanisme corporate governance, kualitas laba dan nilai perusahaan. Simposium Nasional Akuntansi IX. Padang, 23-26.
Sujoko, K., & Soebiantoro, U. (2007). Effect of Shareholding Structure, Leverage, Internal and External Factors Against company value. Journal of Management and Enterpreneurship, 9(1), 41-48.
Sukamulja, S. (2005). Good corporate governance di sektor keuangan: Dampak GCG terhadap kinerja perusahaan (Kasus di Bursa Efek Jakarta). Benefit: Jurnal Manajemen dan Bisnis, 8(1), 1-25.
Syahnaz, M. (2013). Pengaruh Corporate Social Responsibility Terhadap Kinerja Keuangan Perusahaan Perbankan. Jurnal Ilmiah Mahasiswa FEB, 1(2), 1-19.
Waddock, S. A., Bodwell, C., & Graves, S. B. (2002). Responsibility: The new business imperative. Academy of Management Perspectives, 16(2), 132-148.
Weston, J. F., & Copelan, T. E. (1991). Esensials of Managerial Finance. New York: The Driden Press.