CSR DISCLOSURE DAN EARNING RESPONSE COEFFICIENT

Agung Prasetyo Nugroho Wicaksono

Abstract


The aim of this study to examined the effect of corporate social responsibility information disclosed in the company's annual report with Earning Response Coefficient. Data of this research is secondary data from annual report listed on Indonesia Stock Exchange with 51 listed companies in period 2015 by categories from European Bank and The State of NSW and The Environment Protection Authority (EPA). Method of analysis used linear reggession. The empirical results of this paper showed that the level of CSR disclosure affected the ERC. This result indicate that investor rate the CSR disclosure for investment decisions.

Keywords: Corporate Social Responsibility Disclosure, Earnings Response Coefficient


References


Achda, B. Tamam. 2006. Seminar Nasional: A Promise of Gold Rating: Sustainable CSR. Jakarta: Hotel Hilton, 23 Agustus 2006.

Alexander, Gordon J., and Rogene A. Buchholz (1978), “Corporate Social Responsibility and Stock Market Performance”, The Academy of Management Journal, Vol. 21, No. 3 (Sep), pp. 479-486.

Andreas Lako, 2011, Dekonstuksi CSR & Reformasi Paradigma Bisnis & Akuntansi; Edisi Pertama, Penerbit Erlangga, Jakarta.

Anggraini, Fr. Reni Retno (2006), “Pengungkapan Informasi Sosial dan Faktor-Faktor yang Mempengaruhi Pengungkapan Informasi Sosial dalam Laporan Keuangan Tahunan (Studi Empiris pada Perusahaan-Perusahaan yang terdaftar di Bursa Efek Jakarta)”, Simposium Nasional Akuntansi 9.

Basamalah, Anies S., and Johnny Jermias (2005), “Social and Environmental Reporting and Auditing in Indonesia: Maintaining Organizational Legitimacy?”, Gadjah Mada International Journal of Business, January-April 2005, Vol. 7, No. 1, pp. 109 – 127.

Billings, Bruce K. (1999), “Revisiting the Relation between the Default Risk of Debt and the Earnings Response Coefficient”, The Accounting Review, Vol. 74, No. 4. (Oct), pp. 509-522.

Core, John E. (2001), “A Review of the Empirical Disclosure Literature: Discussion”, Journal of Accounting and Economics, 31, pp. 441-456.

Cowen, S., Ferreri, L.D., dan L.D. Parker (1987), “The Impact of Corporate Characteristics on Social Responsibility Disclosure: A Typology and Frequency-Based Analysis”, Accounting, Organization and Society, Vol. 12, No. 2, pp. 111-122.

Ernst and Ernst (1978), Social Responsibility Disclosures: 1978 Survey, Ernst & Ernst, USA.

Fajri, Mohamad. 2006. Corporate Social Responsibility. Available at: http://www.google.com.

Gray, R.H. (1990), Corporate Social Reporting by UK Companies: A Cross-Sectional and Longitudinal Study an Interim Report. Draft/Working Paper.

Gray, Rob, Reza Kouhy, Simon Lavers (1993), “Social and Environmental Reporting by UK Companies: A Longitudinal Study. A Tale of Two Samples. The Construction of a Research Database and An Exploration of the Political Economy Thesis”, Unpublished paper.

Guthrie, J. (1982), “Social Accounting in Australia – Social Responsibility Disclosures in the Top 150 Listed Australian Companies, 1980 Annual Reports”.

Guthrie, J. and L.D. Parker (1990), “Corporate Social Disclosure Practice: A Comparative International Analysis”, Advances in Public Interest Accounting, Vol. 3, pp. 159-175.

Haniffa, R.M., dan T.E. Cooke (2005), “The Impact of Culture and Governance on Corporate Social Reporting”, Journal of Accounting and Public Policy 24, pp. 391-430.

Healy, Paul M., and Krishna G. Palepu (2001), “Information asymmetry, corproate disclosure, and the capital markets: A review of the empirical disclosure literature”, Journal of Accounting and Economics, 31, pp. 405-440.

Joko Prastowo dan Miftachul huda, 2011, Corporate Social Responsibility Kunci Meraih Kemuliaan Bisnis; Edisi Pertama, Samudra Biru, Yogyakarta.

Junaedi, Dedi (2005), “Dampak Tingkat Pengungkapan Informasi Perusahaan terhadap Volume Perdagangan dan Return Saham: Penelitian Empiris terhadap Perusahaan-Perusahaan yang Tercatat di Bursa Efek Jakarta”, Jurnal Akuntansi dan Keuangan Indonesia, Vol. 2, No. 2, pp. 1-28.

Kelly, G.J. (1981), “Australian Social Responsibility Disclosure: Some Insights Into Contemporary Measurement”, Accounting and Finance, pp. 97-107.

Kiroyan, Noke (2006), “Good Corporate Governance (GCG) dan Corporate Social Responsibility (CSR) Adakah Kaitan di Antara Keduanya?”, Economics Business Accounting Review, Edisi III, September-Desember 2006, Hal. 45-58.

Kothari, S.P., and Jerold L. Zimmerman (1995), “Price and Return Models”, Journal of Accounting and Economics, 20, pp.155-192.

Lajili, Kaouthar, and Daniel Zeghal (2006), “Market Performance Impacts of Human Capital Disclosures”, Journal of Accounting and Public Policy, 25, pp. 171-194.

Lang, Mark, and Lundholm Russell (1993), “Cross-Sectional Determinants of Analysts Rattings of Corporate Disclosures”, Journal of Accounting Research, Vol. 31, No. 2 (Autumn), pp. 246-271.

Lev, Baruch (1989), “On the Usefulness of Earnings and Earnings Research: Lessons and Directions from Two Decades of Empirical Research”, Journal of Accounting Research, Vol. 27, pp. 153-192.

Lindenmann (1983), “Content Analysis”, Public Relations Journal, July 1983, pp. 24-26.

McGuire, J.B., A. Sundgren, and T. Schneeweis (1988), “Corporate Social Responsibility and Firm Financial Performance”, Academy of Management Journal, Vol. 31, No. 4, pp. 854-872.

Nachrowi, Nachrowi Djalal, dan Hardius Usman (2002), Penggunaan Teknik Ekonometri: Pendekatan Populer dan Praktis Dilengkapi Teknik Analisis & Pengolahan Data dengan Menggunakan Paket Program SPSS, PT RajaGrafindo Persada, Jakarta.

Pang, Y.H. (1982), “Financial Reporting: Disclosures of Corporate Social Responsibility”, The Chartered Accountant in Australia, July, 1982, pp. 32-34.

Pfeiffer, Jr., Ray J., Pieter T. Elgers, May H. Lo, and Lynn L. Rees (2001), “Additional Evidence on the Incremental Information Content of Cash Flows and Accruals: The Impact of Errors in Measuring Market Expectations”, The Accounting Review, vol. 73, No. 3 (Jul), PP. 373-385.

Plumlee, Marlene, Darrel Brown, and R. Scott Marshall. 2007. The impact of Valuntary Environmental Disclosure Quality on Firm Value. Available at: http://www.ssrn.com.

Rachmawati, Andri dan Hanung Triatmoko. 2007. Analisis Faktor-Faktor yang Mempengaruhi Kualitas Laba dan Nilai Perusahaan. Ikatan AkuntanIndonesia: Simposium Nasional Akuntansi 10.

Roberts, R.W. (1992), “Determinants of Corporate Social Responsibility Disclosures: An Application of Stakeholder Theory”, Accounting, Organization and Society, Vol. 17, No. 6: 595-612.

Sayekti, Yosefa (1994), Corporate Social Responsibility Disclosures: ‘State-of-the-Art’ in Australia, Thesis, Unpublished, University of South Australia, Adelaide.

Sayekti, Yosefa (2006), “Corporate Governance (CG) sebagai Faktor Determinan Pengungkapan Informasi Corporate Social Responsibility (CSR) dalam Annual Report Perusahaan”, Tugas MataKuliah Seminar in Corporate Finance and Governance, Tidak Dipublikasikan, Program PIA FEUI, Jakarta.

Sayekti, Yosefa (2006), “Determinan Pengungkapan Informasi Corporate Social Responsibility (CSR) dalam Laporan Tahunan Perusahaan (Suatu Usulan Studi Empiris pada Perusahaan yang Terdaftar di Bursa Efek Jakarta), Tugas Mata Kuliah Seminar Doktoral Akuntansi Keuangan, Tidak Dipublikasikan, Program Pascasarjana Ilmu Akuntansi, FEUI

Scott, William R. (2000), Financial Accounting Theory, 2nd edition, Prentice-Hall Canada Inc., Scarborough, Ontario.

Sembiring, Eddy Rismanda (2003), “Kinerja Keuangan, Political Visibility, Ketergantungan Pada Hutang, dan Pengungkapan Tanggung Jawab Perusahaan”, Simposium Nasional Akuntansi VI, 2003.

Sembiring, Eddy Rismanda (2005), “Karakteristik Perusahaan dan Pengungkapan Tanggung Jawab Sosial: Study Empiris pada Perusahaan yang Tercatat Di Bursa Efek Jakarta”, Simposium Nasional Akuntansi VIII, 2005.

Spicer, Barry H. (1978), “Investors, Corporate Social Performance and Information Disclosure: An Empirical Study”, The Accounting Review, Vol. 53, No. 1, Jan, pp. 94-111.

Suratno, Ign Bondan, Darsono, dan Siti Mutmainah (2006), “Pengaruh Environmental Performance terhadap Environmental Disclosure dan Economic Performance (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Jakarta Periode 2001-2004”, Simposium Nasional Akuntansi 9 Padang, 23-26 Agustus 2006.

Trotman, K.T. (1979), “Social Responsibilities by Australian Companies”, The Chartered Accountants in Australia, March 1979, pp. 24-28.

Trotman, K.T., and G.W. Bradley (1981), “Associations between Social Responsibility Disclosure and Characteristics of Companies”, Accounting, Organizations and Society, Vol. 6, No. 4, pp. 355-362.

Utomo, Muhammad Muslim (2000), “Praktek Pengungkapan Sosial pada Laporan Tahunan Perusahaan di Indonesia (Studi Perbandingan antara Perusahaan-Perusahaan High Profile dan Low Profile)”, Simposium Nasional Akuntansi 3, 2000.

Warta Ekonomi (2006), “Konsep Bisnis Paling Bersinar 2006: Level Adopsinya Kian Tinggi”, Warta Ekonomi, Desember 2006, h. 36-37.

Widiastuti, Harjanti (2002), “Pengaruh Luas Ungkapan Sukarela dalam Laporan Tahunan terhadap Earning Response Coefficient (ERC)”, Simposium Nasional Akuntansi V, Semarang 5-6 2003.

Zuhroh, Diana, dan I Putu Pande Heri Sukmawati (2003), “Analisis Pengaruh Luas Pengungkapan Sosial dalam Laporan Tahunan Perusahaan terhadap Reaksi Investor”, Simposium Nasional Akuntansi VI, 2003.

www.idx.co.id. November, 18, 2012.

http://finance.yahoo.com. November, 18, 2012.




DOI: https://doi.org/10.30872/jakt.v14i2.1848

Refbacks

  • There are currently no refbacks.


Copyright (c) 2018 Agung Prasetyo Nugroho Wicaksono

Crossref logo 

Editorial Address

Akuntabel: Jurnal Akuntansi dan Keuangan
Faculty of Economics and Business, Mulawarman University
Jl. Tanah Grogot No.1 Samarinda Kalimantan Timur 75119
Email: jakt.feb.unmul@gmail.com

StatCounter: Akuntabel: Jurnal Akuntansi dan Keuangan