Corporate social responsibility disclosure dan financial transparency

Maria Cristine, Rizky Eriandani

Abstract


Hasil studi terdahulu menunjukkan bahwa terdapat pengaruh CSR disclosure terhadap financial transparency. CSR disclosure yang dilakukan perusahaan bersifat sukarela. Oleh karena itu, penelitian ini dilakukan bertujuan untuk melihat apakah CSR disclosure perusahaan memiliki pengaruh terhadap financial transparency perusahaan. Proksi yang digunakan untuk mengukur financial transparency dalam penelitian ini menggunakan laba agresif dan penghindaran kerugian dengan kepemilikan secara institusi dan retail sebagai variabel yang memoderasi financial transparency dimana presentase kepemilikan saham akan menentukan tingkat transparansi. Sampel yang digunakan adalah sebanyak 288 perusahaan selama tahun 2016-2018 dengan menggunakan ordinary least square regression. Hasil menunjukkan bahwa CSR disclosure memiliki pengaruh signifikan negatif terhadap penghindaran kerugian. Selain itu, tidak terdapat pengaruh laba agresif terhadap CSR disclosure. Implikasi yang diharapkan yaitu menunjukkan pengaruh CSR disclosure terhadap financial transparency.


Keywords


Corporate social responsibility disclosure; financial transparency; kepemilikan institusi; kepemilikan retail

References


Ajinkya, Bipin, Sanjeev Bhojraj, and Partha Sengupta. 2005. “The Association between Outside Directors, Institutional Investors and the Properties of Management Earnings Forecasts.” Journal of Accounting Research 43(3): 343–76.

Arfian, K., & Rr. Karlina, A.K. 2020. “Analisis Hubungan Antara Corporate Social Responsibility (CSR) Dan Manajemen Laba Dengan Kualitas Audit Sebagai Variabel Moderasi.” 4: 1–11.

Arief, A., & Ardiyanto, M. D. 2014. “Pengaruh Pengungkapan Corporate Social Responsibility Terhadap Manajemen Laba (Studi Kasus Pada Perusahaan Non Keuangan Dan Jasa Yang Terdaftar Di BEI Tahun 2010-2012).” 3: 102–10.

Astri, Herlina. 2012. “Pemanfaatan Corporate Social Responsibility (CSR) Bagi Peningkatan Kualitas Hidup Manusia Indonesia The Influence of Corporate Social Responsibility Toward the Improvement of Quality of Life In Indonesia.” Jurnal Masalah-Masalah Sosial 3: 1–16.

Cherry, Miriam A. and Sneirson, Judd F. 2012. “Chevron, Greenwashing, and the Myth of ’Green Oil Companies.” Journal of Energy, Climate, and the Environment 3(1): 133–53.

Chih, Hsiang Lin, Chung Hua Shen, and Feng Ching Kang. 2008. “Corporate Social Responsibility, Investor Protection, and Earnings Management: Some International Evidence.” Journal of Business Ethics 79(1): 179–98.

Cormier, Denis, Marie Josée Ledoux, Michel Magnan, and Walter Aerts. 2010. “Corporate Governance and Information Asymmetry between Managers and Investors.” Corporate Governance 1(5): 574–89.

Dubbink, Wim & Graafland, Johan & van liedekerke, Luc. 2008. “CSR, Transparency and the Role of Intermediate Organisations.” Journal of Business Ethics 82: 391–406.

Frijns, B., Huynh, T., Tourani-Rad, A., Westerholm, P. 2018. “Institutional Trading and Asset Pricing.” J. Bank. Finance 89: 59–77.

Huang, J., Xu, S., Liu, D. 2014. “Empirical Study on the Effects of Corporate Social Responsibility Disclosure in Stock Liquidity.” Adv. Inf. Sci. Serv. Sci 6(1): 62–69.

Jeffrey Cohen, Lori Holder W, Leda Nath, David Wood. 2011. “Retail Investors Perceptions of the Decision-Usefulness of Economic Performance, Governance, and Corporate Social Responsibility Disclosures.” Behavioral Research in Accounting 23(1): 109–29.

Katmon, Nooraisah, Zam Zuriyati Mohamad, Norlia Mat Norwani, and Omar Al Farooque. 2019. “Comprehensive Board Diversity and Quality of Corporate Social Responsibility Disclosure: Evidence from an Emerging Market.” Journal of Business Ethics 157.

Khan, Arifur, Mohammad Badrul Muttakin, and Javed Siddiqui. 2013. “Corporate Governance and Corporate Social Responsibility Disclosures: Evidence from an Emerging Economy.” Journal of Business Ethics 114(2): 207–23.

Kim, Yongtae, Myung Seok Park, and Benson Wier. 2012. “Is Earnings Quality Associated with Corporate Social Responsibility?” Accounting Review 87(3): 761–96.

Marnelly, TR. 2012. “Corporate Social Responsibility (CSR): Tinjauan Teori Dan Praktek Di Indonesia.” Jurnal Aplikasi Bisnis 2(2): 49–59.

Menon, Krishnagopal, and David D. Williams. 2004. “Former Audit Partners and Abnormal Accruals.” Accounting Review 79(4): 1095–1118.

Mobus, Janet Luft. 2005. “Mandatory Environmental Disclosures in a Legitimacy Theory Context.” Accounting, Auditing and Accountability Journal 18(4): 492–517.

Nair, Rajiv, et al. 2019. “Corporate Social Responsibility Disclosure and Financial Transparency: Evidence from India.” Pacific-Basin Finance Journal 56: 330–51.

Nastiti, Amalia Rudi. 2010. Pengaruh Corporate Social Responsibility Terhadap Manajemen Laba (Studi Pada Perusahaan Manufaktur Yang Listing Di Bursa Efek Indonesia Periode 2005-2008).

Nayenggita, Gina Bunga. 2019. “Praktik Corporate Social Responsibility (CSR) Di Indonesia.” Jurnal Pekerjaan Sosial 2(1): 61–66.

Prior, Diego, Jordi Surroca, and Josep A. Tribó. 2008. “Are Socially Responsible Managers Really Ethical? Exploring the Relationship between Earnings Management and Corporate Social Responsibility.” Corporate Governance: An International Review 16(3): 160–77.

Qian, Cuili, Xinzi Gao, and Albert Tsang. 2015. “Corporate Philanthropy, Ownership Type, and Financial Transparency.” Journal of Business Ethics 130(4): 851–67.

Roychowdhury, Sugata. 2006. “Earnings Management through Real Activities Manipulation.” Journal of Accounting and Economics 42(3): 335–70.

Shleifer, Andrei, and Robert W. Vishny. 1986. “Large Shareholders and Corporate Control.” Journal of Political Economy 94(3): 461–88.

Tilt, Carol Ann. 1994. “The Influence of External Pressure Groups on Corporate Social Disclosure Some Empirical Evidence.” Accounting, Auditing & Accountability Journal 7(4): 47–72.

de Villiers, Charl, and Chris J. Van Staden. 2010. “Shareholders’ Requirements for Corporate Environmental Disclosures: A Cross Country Comparison.” British Accounting Review 42(4): 227–40.

Zang, A.Y. 2012. “Evidence on the Trade-off between Real Activities Management and Accrual Based Earnings Management.” 87(2): 675–703.




DOI: https://doi.org/10.30872/jinv.v19i2.12120

Refbacks

  • There are currently no refbacks.


Copyright (c) 2023 Maria Cristine, Rizky Eriandani

Crossref logo 

Editorial Address

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

StatCounter: INOVASI: Jurnal ekonomi, keuangan dan manajemen