Dimensions of Corporate Social Responsibility and Market Performance: Evidence from the Indonesia Stock Exchange

I Made Sudana, NIDN. 0020086010 and Nugroho Sasikirono, NIDN. 0019086903 and Muhammad Madyan, NIDN. 0004017104 and Rifqi Pramono (2019) Dimensions of Corporate Social Responsibility and Market Performance: Evidence from the Indonesia Stock Exchange. Asia-Pacific Journal of Business Review (APJBR), 3 (2). pp. 1-25. ISSN 2466-0043, eISSN 2508-4488

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Abstract

This study aims to examine the relationship between certain dimensions of Corporate Social Responsibility (CSR) with market performance, measured by Tobin's Q, on companies within various industries in Indonesia. This study disaggregates CSR into 7 dimensions: environment, energy, occupational safety and health, employee, product, community, and general. Samples consisted of 385 companies listed on the Indonesia Stock Exchange (IDX) during 2007-2014. OLS analysis shows that CSR contributes greatly to the formation of market performance of consumer goods, agriculture, and miscellaneous industries. The dimensions of CSR contribute differently to the formation of Q ratios in different industries. We also found that there are differences in the speed of effect of several dimensions of CSR on the formation of market performance; some CSR dimensions give immediate effect while others are lagged.

Item Type: Article
Uncontrolled Keywords: Corporate social responsibilities; Industry type; Market performance; Indonesia
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD5701-6000.9 Labor market. Labor supply. Labor demand
H Social Sciences > HG Finance > HG4001-4285 Finance management. Business finance.Corporation finance
H Social Sciences > HG Finance > HG4501-6051 Investment, capital formation, speculation > HG4551-4598 Stock exchanges
Divisions: 04. Fakultas Ekonomi dan Bisnis > Manajemen
Creators:
CreatorsNIM/NIDN
I Made Sudana, NIDN. 0020086010UNSPECIFIED
Nugroho Sasikirono, NIDN. 0019086903UNSPECIFIED
Muhammad Madyan, NIDN. 0004017104UNSPECIFIED
Rifqi PramonoUNSPECIFIED
Depositing User: Tn Sugeng Riyanto
Date Deposited: 19 Nov 2019 02:14
Last Modified: 19 Nov 2019 02:14
URI: http://repository.unair.ac.id/id/eprint/91052
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