Nurdiono, Nurdiono and Warganegara, Doni S. and Arifin, Afri and zahron, Agus and Mirfazli, Edwin and San Jose, Leire and Georgieva, Daniela Ventsislavova (2019) CSR DISCLOSURE IMPACT ON CORPORATE MARKET PERFORMANCE OF INDONESIA LISTED COMPANIES (IDX) IN TRADE SECTORS. Academy of Accounting and Financial Studies Journal, 23 (1). pp. 1-9. ISSN 10963685

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Abstract

The paper analyzes the effects of disclosed CSR (community social responsibility) information on the market performance of Indonesian companies. Fifteen trade companies listed on the Indonesia Stock Exchange are observed from 2014 to 2016. CSR information is derived from annual reports and financial statements. We find that CSR affects Stock Return (SR), Debt Equity Ratio (DER), and Return on Equity (ROE). We argue that CSR disclosure has a positive but non-significant effect on SR and that it has a negative but non-significant effect on corporate market performance. In addition, it has a positive and significant effect on DER and ROE. Our results contribute to a more in-depth understanding of the impact of non-financial information on market performance.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
Divisions: Fakultas Ekonomi dan Bisnis (FEB) > Prodi Akuntansi
Depositing User: DONI SAGIT
Date Deposited: 14 Nov 2019 10:34
Last Modified: 14 Nov 2019 10:34
URI: http://repository.lppm.unila.ac.id/id/eprint/16404

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