Pengaruh Pengungkapan Corporate Social Responsibility terhadap Kinerja Keuangan dengan Ukuran Perusahaan, Risiko, dan Pengungkapan Media sebagai Variabel Pengendali pada Perusahaan Manufaktur yang Tercatat di Bursa Efek Indonesia Tahun 2011-2014

Abstract

This research aims to examine the effect of corporate social responsibility disclosure according to Global Reporting Initiative G4 (GRI) guidelines in certain period on corporate financial performance which was measured by Return on Assets (ROA) in the future period. This research also involved 3 (three) control variables namely firm size, risk, and media exposure to control the link of CSR disclosure effect toward corporate financial performance. The research method implemented uses time lag analysis or autoregressive dynamic distributed lag with 83 samples of listed manufacturing firms in Indonesia Stock Exchange from 2011 until 2014. The results implied that beside at the same periode, previous CSR disclosure also have a positively and signidicantly affects the corporate financial performance which measured by ROA in the future period