Effect of Corporate Social Responsibility Disclosure (CSRD) on Financial Performance and Role of Media as Moderation Variables
Abstract
This study aims to examine the influence of corporate social responsibility (CSR) on corporate finance performance in Indonesia and examine the role of intellectual capital as a moderating variable that can increase the influence of CSRD on corporate finance performance. The population of this research is all industrial sectors that are registered based on JASICA (Jakarta Stock Industrial Classification) on the Indonesia Stock Exchange during 2016-2018. The approach used is a quantitative approach. Samples were taken using judgment sampling technique with a total sample of 432 observations.The results showed that CSRD has an effect on company finance performance as measured by Return on Asset (ROA). That is, the higher CSR disclosures made company can improve the company's finance performance. The results of this study also shows that media as a moderation variable is proven empirically able to increase the influence of CSRD on company finance performance.
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DOI: http://dx.doi.org/10.18415/ijmmu.v7i4.1719
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