Effect of Corporate Social Responsibility Disclosure to the Value of Companies With Environmental Management As a Moderating Variable

Putu Gede Wisnu Permana KAWISANA; Sri Eka JAYANTI; Dewa Ayu Eka PERTIWI

doi:10.38142/ijesss.v4i4.672

Authors

Putu Gede Wisnu Permana KAWISANA University of Warmadewa, Indonesia
Sri Eka JAYANTI University of Warmadewa, Indonesia
Dewa Ayu Eka PERTIWI University of Warmadewa, Indonesia

DOI:

https://doi.org/10.38142/ijesss.v4i4.672

Keywords:

Company Value, Corporate Social Responsibility, Environmental Management

Abstract

In today's modern era, competition in the business world is getting faster and more competitive. It can be seen on the Indonesia Stock Exchange which every year becomes the media for company entry and exit. This has resulted in companies competing to show the advantages that exist in each company to get good value in the eyes of investors. This study aims to determine and analyze the effect of CSR on firm value. So there is a need for further research related to the effect of the issuance of these regulations. It is hoped that this research can provide empirical evidence of the effect of CSR on company value, by including Environmental Management as a moderating variable. This research is a quantitative study using secondary data, namely in the form of sustainability reports from mining companies for 2019-2021. Testing the data using Moderation regression analysis. Results The type of data used in this study is quantitative data. The data source used in this research is secondary data with purposive sampling method. There are 3 variables studied, namely CSR disclosure, corporate values and environmental management. The results of this study obtained 45 research samples from 15 mining companies for the 2019-2021 period, and succeeded in proving that the CSR variable did not have a significant effect on company value, while the environmental management moderation variable was able to moderate strengthen the relationship between CSR and company value.

Downloads

Download data is not yet available.

References

GRI Standards (2016).". Diakses 11 Februari 2020. https: www.globalreporting.org/standars/gri-standards-download-center/

Beureukat, 2018. Pengaruh Profitabilitas Terhadap Nilai Perusahaan Dengan Corporate Social Responsibily Sebagai Variabel Moderating Pada Perusahaan Pertambangan Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Ilmu Manajemen, 14(1).

https://doi.org/10.47313/oikonomia.v14i1.512

Chandrarin, Grahita. 2018. Metode Riset Akuntansi Pendekatan Kuantitatif. Jakarta: Salemba Empat.

Jayawarsa, A. K., Saputra, K. A. K., Jayanti, L. G. P. S. E., Kawisana, P. G. W. P., & Aryawan, G. (2021). A comprehensive overview of intelligent mechanical systems and their applications in mobile banking technology. Materials Today: Proceedings.

https://doi.org/10.1016/j.matpr.2021.04.227

KAWISANA, P. G. W. P., & JAYANTI, L. S. E. (2021). Effect Of Employee Productivity Firm Size And Board Size On Intellectual Capital Performance With Profitability As Moderating Variable. International Journal of Environmental, Sustainability, and Social Science, 2(2), 127-13. https://doi.org/10.38142/ijesss.v2i2.83

Kusuma, I. M. E. W., Dewi, L. G. K. (2019). Pengaruh Pengelolaan Lingkungan Pada Nilai Perusahaan Good Corporate Governance Sebagai Variabel Pemoderasi. E-Jurnal Akuntansi Universitas Udayana, 26(3), 2183 – 2209. ISSN: 2302-8556.

https://doi.org/10.24843/EJA.2019.v26.i03.p19

Lingga, V. P., Wirakusuma, M. G. (2019). Pengaruh Corporate Sosial Responsibility pada Nilai Perusahaan Dengan Pengelolaan Lingkungan Sebagai Variabel Pemoderasi. E-Jurnal Ekonomi dan Bisnis Universitas Udayana, 8(4), 413-442. ISSN: 2337-3067.

https://doi.org/10.24843/EEB.2019.v08.i04.p05

Mufidah, M. (2018). Pengaruh Tata Kelola Perusahaan Dan Kinerja Lingkungan Terhadap Nilai Perusahaan Pada Industri Dasar Dan Kimia Yang Terdaftar Di Bei Tahun 2014–2016. Ekonomis: Journal of Economics and Business, 2(1), 116–130.

https://doi.org/10.33087/ekonomis.v2i1.36

Putra, I. M. W., & KAWISANA, P. G. W. P. (2020). The Influence Of Company Size, Financial Distress, Kap Reputation On Going Concern Audit Opinion Of Manufacturing Companies From BEI. International Journal of Environmental, Sustainability, and Social Science, 1(2), 57-61. https://doi.org/10.38142/ijesss.v1i2.29

Putri, Y. R., & Yuliandhari, W. S. (2020). Pengaruh Profitabilitas, Sales Growth dan Ukuran Perusahaan Terhadap Pengungkapan Corporate Social Responsibility Pada Perusahaan Indeks Kompas 100 Tahun 2017-2018. Journal of Applied Managerial Accounting, 4(1), 1-11. https://doi.org/10.30871/jama.v4i1.1886

PURWANTO, I., SANJAYA, I. K. P. W., & KAWISANA, P. G. W. P. (2021). The Effect of Debt To Equity Ratio, Total Asset Turnover, Return On Assets, And Return On Equity On Dividend Policy In Manufacturing Companies. Journal of Tourism Economics and Policy, 1(2), 41-47. https://doi.org/10.38142/jtep.v1i3.109

Putri, P. Y. A., & Saputra, K. A. K. (2022). Use of the E-Filing System by MSME Actors during the COVID-19 Pandemic. Journal of Economics, Finance and Management Studies, 5(7), 1975-1982.

Santoso, B., Damayanti, N., & Razak, R. (2019). KETERBUKAAN INFORMASI (FULL DISCLOSURE) PERUSAHAAN PUBLIK DI SEKTOR INDUSTRI PERTAMBANGAN BATUBARA PT BUMI RESOURCE, Tbk. DALAM MENJAGA LIKUIDITAS SAHAM (STOCK LIQUIDITY). Jurnal Publisitas, 6(1), 16-29.

Saputra, K. A. K., Subroto, B., Rahman, A. F., & Saraswati, E. (2022). Eco-Efficiency and Energy Audit to Improve Environmental Performance: An Empirical Study of Hotels in Bali-Indonesia. International Journal of Energy Economics and Policy, 12(6), 175.

https://doi.org/10.32479/ijeep.13565

Septiani, E., HOLIAWATI, H., & RUHIYAT, E. (2019). Environmental Performance, Intellectual Capital, Praktik Penghindaran Pajak dan Nilai Perusahaan. Jurnal Bisnis Dan Akuntansi, 21(1), 61-70. https://doi.org/10.34208/jba.v21i1.426

Suryati, Gama, dan Astiti. 2019. Pengaruh Corporate Social Responsibility Terhadap Nilai Perusaaan Dengan Profitabilitas Sebagai Variabel Moderasi (Studi Empiris Pada Perusahaan Pertambangan yang Terdaftar di Bursa Efek Indonesia Periode 2014- 2016). Forum Manajemen, 17(2). https://doi.org/10.29303/jseh.v5i1.26

Supadi, Y. M., & Sudana, I. P. (2018). Pengaruh kinerja lingkungan dan corporate social responsibility disclosure pada kinerja keuangan perusahaan sektor pertambangan. E-Jurnal Ekonomi Dan Bisnis Universitas Udayana, 7(4), 1170.

https://doi.org/10.24843/EEB.2018.v07.i04.p09

Wulandari, A. A., Ramantha, I. W., & Wirakusuma, M. G. (2016). Dampak moderasi profitabilitas terhadap pengaruh corporate social responsibility pada nilai perusahaan manufaktur. E-Jurnal Ekonomi dan Bisnis Universitas Udayana, 5(7), 165164.

Zabetha, O., Tanjung, A. R., & Savitri, E. (2018). Pengaruh corporate governance, kinerja lingkungan dan kinerja keuangan terhadap nilai perusahaan dengan pengungkapan corporate social responsibility sebagai variabel moderating (Studi pada perusahaan pertambangan