CSR Funds Research Articles

ANALISIS IMPLEMENTASI KEUANGAN BERKELANJUTAN TERHADAP PROFITABILITAS BANK

In practice, banks must maintain business continuity by paying attention to their profitability. However, in response to global issues related to sustainable development goals, banks are also obliged to direct their business towards sustainability by implementing sustainable finance. This study aims to further analyze how the implementation of sustainable finance, particularly sustainable lending and the realization of Environmental Social Responsibility (CSR) funds, can affect bank profitability. Economic sustainability theory emphasizes the importance of balance between economic, social, and environmental aspects. This study uses the panel data regression analysis method. The implementation of sustainable finance proxied by sustainable credit has a significant positive effect on bank profitability, while the realization of CSR funds has a significant negative effect on bank profitability. This research is expected to provide a more comprehensive insight into how banks can balance social responsibility and environmental sustainability with the need to maintain healthy profitability.

Analisis Laporan Keuangan Serta Tata Cara Pengelolaannya Pada Yayasan Galang Bersama Kami Sebagai Lembaga Filantropi Islam

The main objective of this research is to analyze the financial reports managed by the Galang Bersama Kami Foundation (YGBK) as a non-profit institution that focuses on raising funds from donors in the form of Zakat, Infaq, Alms and Waqf (ZISWAF) funds. Which is about where the Foundation's funds come from, and how the Foundation provides the allocation flow. For this purpose, the author used quantitative descriptive research methods, with direct observation techniques to related parties, followed by interviews and special documentation during data collection. After conducting interviews, the author found that the entire set of YGBK funds came from 3 things, namely from ZISWAF funds, CSR funds from agencies/companies, and potential businesses from our Joint Business Institutions. The funds raised will be channeled to the Foundation's program and operational funds, the distribution percentage of which is based on BAZNAS regulation Number 1 article 8 of 2016 specifically for ZISWAF funds. The percentage of CSR distribution depends on the Foundation's agreement with the CSR provider company. Meanwhile, the proceeds from our Joint Business will be distributed in full to the Foundation's operational costs. The percentage of the Foundation's financial reports shows a decrease in income from 2022 to 2023 of 49%. All of this is done to provide transparent and open financial management for the people in order to maintain their sense of trust in the Galang Bersama Kami Foundation.

Fostering socially responsible stewards: CSR and investment funds in India

ABSTRACT In 2013, the Indian government mandated all companies to spend a portion of their profits on Corporate Social Responsibility (`CSR') activities but did not require companies to incorporate sustainability into their business, leading the statutory provision mandating CSR to become a box-ticking exercise. This approach of tick-box compliance with the CSR mandate is now being questioned by various investment funds that are actively pushing for the incorporation of Environmental, Social and Governance (`ESG') concerns into the business practices of their portfolio companies. While the Stewardship Codes promulgated by the various Indian regulators expressly mandate investment funds to monitor the ESG risks of their portfolio companies, there are no sanctions for non-compliance. This paper suggests the introduction of a market-based enforcement mechanism for the Stewardship Codes to enhance their effectiveness and practical relevance in the Indian legal framework.

Fostering Socially Responsible Stewards: CSR and Investment Funds in India

Fostering Socially Responsible Stewards: CSR and Investment Funds in India

The Effect Of State Capital Participation On The Financial And Non-Financial Performance Of State-Owned Enterprises And Other Institutions

Researchers conducted an empirical study to examine state equity participation and additional paid-in capital for control companies on their effect on financial performance represented by ROA, ROE, DAR, and DER as well as non-financial performance measured by CSR funds. This study was conducted to see if there were differences before and after the company received PMN or additional paid-in capital. This study uses 20 experimental companies consisting of state-owned enterprises and 20 control companies which are private companies going public with the same sector as the experimental companies. The results showed that state equity participation in SOEs as experimental companies and additional paid-in capital had no effect on the company's financial performance as well as non-financial performance. This can be caused by several influencing factors. These results are also important for company management so that they can be used as a consideration in making strategic policies so that PMN or additional paid-in capital can have a positive influence on the company's financial performance and non-financial performance.

CORPORATE SOCIAL RESPONSIBILITY

This research will focus on CSR which is the obligation of the company to be responsible in terms of development and social around the company, where each company must provide CSR funds from the company's profits to help the development around the company operates, this is expected to be a solution to the problem of social and environmental development, in some developed countries CSR takes a broader role by reaching out to partners for regional infrastructure development, this has not been touched in the rules of legislation in Indonesia, therefore it is very interesting to study more deeply the opportunities and future layout. The purpose of this study is to look at the possibilities and analyze the opportunities and challenges that need to be resolved to make CSR actively involved in regional infrastructure development. This research method is normative juridical, where it is done by analyzing the relevant legal rules in order to understand the subject matter in the rules of the game so that a solution can be found to the problem at hand .From the analysis conducted, it can be concluded that CSR has been running as mandated by the law, but those aspects to be able to make CSR a development partner still have empty space that must be regulated with certainty and measured by the rules of the law.
 

Influence of product quality and brand image on the decision to purchase non-subsidized NPK fertilizer in the agrosolution program of PT Pupuk Sriwidjaja

This research aims to determine the influence of product quality and brand image on the purchasing decisions of non-subsidized NPK fertilizers in the of PT Pupuk Sriwidjaja’s agrosolution program. The population for this study consists of 100 respondents selected based on specific criteria. The results of multiple linear regression analysis indicate that product quality and brand image positively and significantly impact purchasing decisions. Regarding product quality, improvements are recommended, particularly concerning the information on product packaging, which consumers perceive as insufficient. An evaluation of the packaging quality is necessary, as some consumers have complained about the packaging's inability to withstand an adequate lifespan. Despite PT Pupuk Sriwidjaja's positive efforts in environmental impact assessment (AMDAL) for the surrounding community, there is room for improvement in the allocation of CSR funds to ensure they are targeted towards those affected by the impact.

Sosialialisasi Strategi Peningkatan UMKM Kreatif Melalui Pemanfaatan CSR Perusahaan

CSR is the social responsibility of a corporation which includes legal, economic, ethical and environmental responsibilities. Meanwhile, creative MSME are efforts where business actors carry out various creative ways to increase the competitiveness of their MSME by utilizing CSR funds provided by the company. The CSR obtained by MSME comes from funds provided by PT. Aneka Tambang, Tbk which operates in Pomalaa District, Kolaka Regency. The purpose of this service is to provide information regarding the pattern, application mechanism and form of PT's CSR program. Aneka Tambang, Tbk. The method used in this service is the socialization method which starts with the FGD stage, needs analysis, implementation of activities and evaluation. From the results of the socialization carried out in Pomalaa District, the MSME target partners were very enthusiastic about knowing the pattern, mechanism and form of the company's CSR utilization program to improve the MSME owned by the target partners. The output of this activity is that MSMEs learn about efforts to increase creative MSME through the use of CSR which can be achieved through partnership, community and participatory patterns. The mechanism for obtaining CSR is through the stages of proposal submission, selection, realization and reporting. The forms of the program include developing the capabilities of MSME players, increasing their ability to understand financial management, improving human resources, production and technology and marketing.

PENGARUH GREEN BANKING TERHADAP KINERJA KEUANGAN PERBANKAN DI INDONESIA (PERIODE TAHUN 2018-2022)

Environmental problems include climate change, and an increase in the frequency of natural disasters have become widespread phenomena. These harmful trends have been aided by the absence of environmental considerations in banking operations. The idea of "Green Banking" aims to lower carbon emissions both inside and outside of banks. This research aims to analyze the impact of implementing Green Banking on the profitability of banks listed on the Indonesia Stock Exchange during the period 2018-2022. Green Banking is measured using the Green Banking Disclosure Index (GBDI), along with M-Banking Transaction Frequency, Bank Efficiency, and CSR Funds as independent variables. Profitability is projected through the Return on Assets (ROA) as the dependent variable. This research found that partially, CSR funds have a positive and significant influence on ROA (Return on Assets). However, factors like GBDI, M-Banking transaction frequency, and bank efficiency have a negative and significant influence on ROA. Tested simultaneously, the implementation of green banking, including GBDI, M-Banking transaction frequency, bank efficiency, and CSR funds, has a positive and significant effect on profitability.

Analysis of factors affecting the sustainability of CSR programs in the health sector in Indonesia

The health status of the Indonesian people is still at a low position in Southeast Asia and in terms of state budget allocation (APBN) Indonesia is still limited and has not been able to meet the needs and comply with the obligatory limits ordered by the health law. This causes the need for private sector involvement, especially government companies (BUMN) through CSR funds that have been required at 4% of company profits. This study aims to assist government companies (SOEs) in creating a model and strategy for CSR programs in the field of public health whose benefits are able to continue in the future even though the company's CSR assistance has ended. Quantitative explanatory research with purposive sampling method was conducted in 6 provinces in Indonesia at 14 locations of CSR programs in the health sector carried out by government companies (BUMN) and statistical analysis of data using Smart PLS version 3.0. The results showed that the sustainability of CSR programs in the health sector is influenced by CSR practices, the P value is *** or <0.05 and the t-statistic value is 6.396, the sustainability of CSR programs in the health sector is influenced by stakeholder support, the P value = 0.05 and the t-statistic value is 1.907, the sustainability of CSR programs in the health sector is influenced by participation, the P value is *** or <0. 05 and t-statistic value 6.349, participation is influenced by CSR practices P value *** or < 0.05 and t-statistic value 3.757, participation is not influenced by stakeholder support P value 0.543 or > 0.05 and t-statistic value 0.608, there is a strong influence between CSR practices and stakeholder support P value *** or < 0.05 and t-statistic value 17.674. The ability to sustain the benefits of CSR programs in the field of public health is largely determined by the mechanisms and practices of CSR carried out by companies and the inclusiveness of the program (public participation and stakeholder support).

An Analysis on CSR Reporting Practices of Asian Paints Limited

This paper studies the CSR reporting practices of Asian Paints Limited for the period of five years from 2017-18 to 2021-22. The objective of this paper is to study CSR fund allocation and CSR amount spent on various CSR activities of Asian Paints Limited. Descriptive research design and content analysis method is used by the researcher for the study. The result shows that Asian Paints Limited is not able to spent full amount of CSR in the financial year 2017-18, 2020-21 and 2021-22 whereas able to spent full amount of CSR in the financial year 2018-19 and 2019-20. Further the result also shows that Asian Paints Limited is spending most of the amount of CSR in Vocational Skills and spending very less amount in CSR activities like Education, HealthCare, Disaster Management, Safe Drinking Water and Prime Minister National Relief Fund.

Analysis of the Influence of Corporate Social Responsibility, Profitability, Leverage and Activity on Energy Sector Company Value

This study aims to determine the effect of Corporate Social Responsibility proxied with CSR funds, Profitability proxied with Return On Asset (ROA), Leverage proxied by Debt to equity Ratio (DER) and Activity proxied by Inventory Turnover (ITO) toward Firm Value proxied by Price to Book Value (PBV). Population in this study are energy companies listed on Indonesia Stock Exchange (IDX) 2017-2021. The technique of determination of the sample using the method of purposive sampling and obtained 37 sector energy companies with a research period of five years. Hypothesis testing in this research using Data Panel Regression Analysis with E-Views 12.0 program and significance level of 5%. The result of the research shows that (1) corporate social responsibility (CSR funds) no significant effect on firm value (PBV), (2) profitability (ROA) has a significant positive effect on firm value (PBV), (3) Leverage (DER) has significant positive effect on firm value (PBV), (4) activity (ITO) no significant effect on firm value (PBV).
 
 Keywords: corporate social responsibility, profitability, leverage, activity and firm value

Inbound Corporate Social Responsibility Model for Selected Indian Banks and Their Proposed Impact on Attracting and Retaining Customers – A Case Study

Purpose: The banking sector in India's service industry sector helps the whole national economy by mobilising deposits and granting credit to other businesses, industrial sectors, and individuals. A recent government law mandates that both public and private banks voluntarily donate 2% of their income to CSR initiatives that address a variety of societal challenges. It is interesting to read how Indian banks have wisely utilised CSR funding. It will be interesting to compare the CSR programmes of a few Indian public and private banks to discover how cleverly they have increased organisational business benefits by spending on inbound CSR activities. Design/Methodology: This study proposes, cites, and analyses a number of inbound social responsibility initiatives started or to be started by Indian banks. The data and facts came from the websites of the chosen banks as well as from relevant case studies and bank literature from a number of open access sources. Findings: Inbound CSR initiatives have a variety of effects on banks' ability to draw in new clients and keep existing ones. Banks may strengthen their brand image, increase customer trust, and establish emotional connections. Based on a study of CSR efforts across banks in the private and public sectors, it was found that whereas public banks supported brand-building projects indirectly, private sector banks focused on giving direct support for their client services. As a result, both categories of banks will be able to gain from improved client satisfaction and, separately, the promotion of their services to underserved segments of the population using a strategy of spending a partial amount of CSR funds for inbound activities. Originality/Value: This study examines whether both public and private banks contribute to the successful discharge of their CSR funds for inbound CSR activities. Paper type: Research Case study.

Board diversity and corporate social responsibility versus sustainability development: Evidence from US and Australia

Corporate governance plays a critical role in addressing the interests of domestic and global stakeholders. The board of directors is under pressure to represent the interests of every stakeholder. The purpose of this study is to analyze and compare the impact of board diversity on corporate social responsibility and sustainability in the U.S. and Australian non-financial sectors. In this vein, very first time current study, develop an index score for board diversity and sustainable development for both economies. In addition, the study also examines the influence of gender diversity, cultural diversity and diversity of experience on CSR and sustainable development in the two countries. Sample of non-financial sectors embedded from the S&P 1500 Index and the Australian Stock Exchange (ASX) for the periods 2010 to 2020. Results are estimated based on Panel regression models and dynamic GMM. The results of the study show that, on average, corporate social responsibility and sustainable development in the United States are superior to those in Australia. The ASX Diversity Index score has a significant and positive impact on CSR funds and the Sustainability Index. However, in the USA, the Board Diversity Index only impacts CSR funds. Moreover, directors with diverse cultural background in Australian firms are highly promoting sustainable development than US ones. However, cultural diversity on US boards strongly favors CSR practices compared to their Australian counterparts. While the presence of women on the board of directors contributes positively to local CSR activities and has a negative impact on global development in both countries. In addition, the experience of the US Board of Directors has suggested more funding for community development rather than sustainable development. The results of the study make significant contributions to academics and policymakers for U.S. and Australian stock exchanges. To develop CSR practices at the national level and sustainable development at the global level, the American and Australian Security Exchange Commission needs to take initiatives through the deployment of diversified boards of directors. Based on the findings, current study supports the stakeholder theory, Upper Echelon theory and cultural trait theory.

CSR and Its Impacts on Society during Pandemic Covid-19: Evidence from Bali as a Tourist Destination

The emerging body of literature has indicated the positive impact of CSR on society and the environment. However, our understanding of how CSR can support society's resilience in facing crises during the COVID-19 pandemic still needs to be improved. This research focused on answering the following questions about corporate social responsibility to what extent does corporate social responsibility contribute to society in Bali, and how does CSR implement in Bali? This research takes a qualitative case study approach. Data were analyzed by content analysis to the official websites of the top 100 companies in Indonesia in 2020. The findings reveal that CSR has a significant contribution to society in Bali. CSR was implemented in various ways and recipients all over Bali island. Some companies distributed the CSR directly to the communities, and some were collected through local government and then distributed based on a government's list of recipients. There has been good collaboration between industry and government in distributing CSR funds in Bali. The majority of CSR was given in the form of giving free groceries and masks for the poor, personal safety equipment for health workers, and sinks for washing hands in public spaces such as markets, temples, and shops.

Tinjauan Hukum Islam terhadap Penerimaan Dana Coorporate Social Responsibility (CSR) dari Bank Konvensional

This study aims to determine the nature of CSR and the law on the receipt and use of CSR funds in a review of Islamic law. The type of research used is descriptive qualitative (non-statistical) with a normative approach and library research methods. The results of the study show that CSR in an Islamic perspective is a business practice that has an Islamic ethical responsibility. The company incorporates Islamic religious norms which are marked by a sincere commitment to maintaining social contracts in its operations. Even though there is no limit to the amount of ownership of goods, services and profits, the ways to obtain and utilize them are limited by lawful and unlawful rules laid down by Shari'a. The view of Islamic law on receiving CSR funds from these conventional banks is detailed as follows. First, when viewed from the benefit in particular, leaving the funds/assistance provided and offered from these conventional banks, whether in the form of sweepstakes, prizes, or social responsibility programs, is better because it is something that comes from unlawful assets (usury). Second, however, if we look at the general benefits, it is permissible for us to take CSR assistance/funds from these conventional banks but not to use them for personal needs, namely to use them for public needs and benefits, such as for building bridges, repairing roads, making toilets. general, and so on.

INDIA'S TOP TEN CSR CONTRIBUTING COMPANIES AND THEIR CONTRIBUTIONS TOWARDS ENVIRONMENTAL SUSTAINABILITY

This research paper explores the top ten CSR-contributing companies in India and their contributions toward environmental sustainability. The study analyzes the CSR spending patterns of these companies and the percentage of their CSR funds directed toward environmental sustainability. The results indicate a significant variation in CSR spending and contribution towards environmental sustainability among the top ten companies. Companies like Wipro Ltd, ITC Ltd, and Infosys Ltd have directed a considerable percentage of their CSR funds toward environmental sustainability. On the other hand, companies like Tata Consultancy Services Ltd, Tata Sons Private Ltd, and Indian Oil Corporation Ltd did not contribute to environmental sustainability, despite significant CSR spending. The findings suggest that there is a need for companies to prioritize environmental sustainability in their CSR activities, given the current environmental challenges faced by the country. The study recommends that companies should adopt sustainable practices and invests more in environmentally sustainable CSR initiatives to achieve a balance between economic development and environmental conservation.

PEMETAAN SOSIAL DAN PARTISIPASI STAKEHOLDER DALAM PERENCANAAN PROGRAM PEMBERDAYAAN MASYARAKAT

Community empowerment programs that are effective, right on target, and provide solutions to community problems are programs planned based on data and information in the field and designed in a participatory manner by involving stakeholders. This research aims to discover local communities' issues and phenomena, mainly social, economic, and environmental, through social mapping studies and design community empowerment programs for sustainable development. The method used in this research is descriptive. Data collection techniques are carried out using the Rapid Rural Appraisal (RRA) method with household survey techniques, Focus group Discussions (FGDs), and semi-structured interviews. They involve three villages affected by mining activities, which are recipients of CSR funds. From the results of the analysis and discussion obtained, information that the level of stakeholder participation in the identification of issues for community empowerment is a high-level category. This is shown in their involvement in the process of FGD activities. Identified issues and community empowerment programs include agriculture, animal husbandry and fisheries, health, public infrastructure, education and human resources, social and religious areas, and youth or youth organizations. Strategic issues as a reference in implementing sustainable community empowerment programs are encouraging the improvement of the regional economy and community income, developing agriculture, livestock, and fisheries, sustainable community empowerment programs based on stakeholder recommendations, strengthening institutions and partnerships, and developing infrastructure and improving essential health services.

The Impact of Using PT. Paragon Technology and Innovation’s CSR Funds for Pondok Inspirasi Dormitory Development Program in Bogor

Paragon Technology and Innovation is one of Indonesia's largest cosmetic manufacturing companies and has many leading brands that have been considered at national and international levels. To maintain a balance for business sustainability, companies must take mitigation actions through (Corporate Social Responsibility) CSR programs. The effectiveness of the CSR program is essential to evaluate to show and assess whether there is a significant positive impact on the social environment for partners and the programs they partner with, one of which is the Pondok Inspirasi Dormitory Development program in Bogor. This study uses an evaluation method popularly used by non-profit organizations worldwide, namely Social Return on Investment (SROI). Therefore, this study aims to measure how effective the use of CSR funds of PT. Paragon Technology and Innovation in related programs can later be used as the basis for the optimization of the company. Based on the results of the calculation of SROI data for six months starting from July to December 2021, with a total positive impact of $3,53, means the program is feasible and running well for every dollar invested. Furthermore, the results of the SROI analysis also show that the Pondok Inspirasi Dormitory Development program also significantly boosted the quality of human capital from the beneficiaries.

Engagement of Non-Governmental Organizations (NGOs) with Corporate Sector in Implementing CSR Projects: Experiences from Karnataka, India

The introduction of mandatory CSR with the “Chatterjee Model” has provided the necessary fillip and visibility to the partnerships between the corporate sector and NGOs. The development sector in India witnessed a significant change with the introduction of mandatory CSR. CSR funds became a major source of funding for the NGOs. In this context, the present study tries to understand the nature of emerging partnerships between NGOs and the corporate sector, the motivational factors and different dimensions from the NGO perspective. It is a descriptive exploratory study based on the purposively selected NGOs in Mysore and Bangalore districts of Karnataka. The study reveals that NGOs are engaging with companies mainly for accessing financial resources. Since the companies are having control over finances, companies lead the partnerships. There is good communication between NGOs and their business partners. Transformative changes are observed in some NGOs by improving their capabilities. Suggestions are made based on the study to realize maximum collaborative social value from the engagements.