PENGARUH CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE DAN MANAJEMEN LABA TERHADAP LEGITIMASI INVESTOR

Abstract

The purpose of research to analyze and prove the influence of whether corporate social responsibility disclosure and earnings management affect the legitimacy of investors. The research was conducted at Go Public company listed on Indonesia Stock Exchange. The data used are secondary data in the form of annual report / annual report of each company from 2010-2012. Independent variables used are corporate social responsibility disclosure and earnings management, while the dependent variable used by investor legitimation. CSR uses Corporate Social Disclosure Index (CSDI) indicators, while earnings management uses total accruals. Data analysis method used to test the hypothesis is multiple linear regression. The result of SPSS analysis shows the first hypothesis is rejected by t-count 1,223 and significance value 0,230. The second hypothesis is accepted by t-count -3,362 and the significance value is 0.002. The third hypothesis is received with f-count of 5.781 and the significance value is 0.007. The coefficient of determination is 0.272 or 27.2%. Keywords: Corporate Social Responsibility Disclosure, Profit Management and Investor Legitimacy