RISIKO PERUSAHAAN MEMODERASI HUBUNGAN CORPORATE SOCIAL RESPONSIBILITY (CSR) DAN ASIMETRI INFORMASI PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This study aims to investigate the risk of companies moderating the relationship of Corporate Social Responsibility (CSR) and information asymmetry in companies listed on the Indonesia Stock Exchange in 2016-2020. The number of samples they have is 194 with an observation period of five years, using purposive sampling technique and the selected sample is 970 observations. This study uses secondary data in the form of the company's annual financial reports through the official website of the Indonesia Stock Exchange (www.idx.co.id). The test uses multiple linear regression analysis with SPSS 16.0 program tools. The results of this study are Corporate Social Responsibility (CSR) has a negative and insignificant effect on information asymmetry and company risk strengthens the relationship between Corporate Social Responsibility (CSR) and information asymmetry in companies listed on the Indonesia Stock Exchange.