Yuztitya, Asmaranti and Zubaiidi, Indra and Gustiawaty Dewi, Fajar THE EFFECT OF CSR: EVIDENCE FROM INDONESIA. Society of Interdiciplinary Business Research Proceedings, 7 (3). ISSN 2223-5078 (Unpublished)

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Abstract

Corporate Social Responsibility (CSR) has a role to sustainable economic development in order to improve the quality of life that is more beneficial to stakeholders. The concept of CSR in Indonesia should follow global standards in order to be compatible to the firm in other countries, such as ISO 26000. This study aims to determine the effect of implementation of CSR and cost of CSR to dividend and how the effect of dividend to firm value. The research methodology used multiple linear regression. This study found that the implementation of CSR based on ISO 26000 issue have no a significant effect on dividend policy. It’s because not all samples from this study are ISO 26000 certified, thus the disclosure doesn’t adopt CSR disclosure based on ISO 26000. Nevertheless, the cost of CSR have a significant affects to the dividend policy. These results support the notion that CSR investment does not eliminate dividends. Furthermore, if the company share out a high dividend, subsequenly the stock price tends to be high and it will make the high value of the company. The results of this study are expected to contribute to increased awareness and implementation of CSR in business activities. Keywords: Corporate Sosial Responsibility, Cost of CSR, Dividend, Firm Value.

Item Type:	Article
Subjects:	H Social Sciences > H Social Sciences (General)
Depositing User:	YUZTITYA A
Date Deposited:	17 Apr 2020 02:44
Last Modified:	17 Apr 2020 02:44
URI:	http://repository.lppm.unila.ac.id/id/eprint/19216

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