Nura, Megi Hedian The Role Of Corporate Social Responsibility (CSR) In Mediate The Effect Of Corporate Governance (CG) On Financial Performance
PERAN CORPORATE SOCIAL RESPONSIBILITY (CSR) DALAM MEMEDIASI PENGARUH CORPORATE GOVERNANCE (CG) TERHADAP KINERJA KEUANGAN
Keywords:
Financial Performance, Corporate Governance (CG), Corporate Social Responsibility (CSR), Banking Sector
Abstract
This study aims to analyze the effect of (1) Corporate Governance on Corporate Social Responsibility, (2) Corporate Governance on Financial Performance, (3) Corporate Social Responsibility on Financial Performance, (4) Corporate Social Responsibility (CSR) has a role in mediating the relationship between Corporate Governance (CG) on Financial Performance listed on the Indonesia Stock Exchange in 2015-2021. Sample of 26 companies was obtained with 182 observational data for each variable. Structural Equation Modeling (SEM) Assumptions Test Method using the Amos 22 program. The results of this study conclude that (1) Corporate Governance (CG) has an influence and is significant on Corporate Social Responsibility (CSR) (2) Corporate Governance (CG) has an influence and is significant on financial performance, (3) Corporate Social Responsibility (CSR) has significant and significant effect on Financial Performance, and (4) Corporate Social Responsibility (CSR) has a role of mediating the relationship between Corporate Governance (CG) on Financial Performance.
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References
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Sutopo, D. (2018). Pengaruh good corporate governance (gcg), leverage, dan profitabilitas terhadap nilai perusahaan dengan corporate social responsibility (csr) sebagai variabel mediasi. X(4), 695–719.
Sobel ME. Asymptotic confidence intervals for indirect effects in structural equation models. Sociological methodology. 1982 Jan 1;13(1982):290-312
Tomas, T., Wang, J., & Geoffrey, T. (2019). Corporate Social Responsibility and financial performance : A comparative study in the Sub-Saharan Africa banking sector. Journal of Cleaner Production, 226, 658–668. https://doi.org/10.1016/j.jclepro.2019.04.027
Waluyo, M., & Mm, I. (2016). Mudah Cepat Tepat Penggunaan Tools Amos Dalam Aplikasi ( SEM ).
Wang, Z., & Sarkis, J. (2017). Corporate Social Responsibility Governance, Outcomes, and Financial Performance. Journal of Cleaner Production. https://doi.org/10.1016/j.jclepro.2017.06.142
Arbuckle, J.L. (1996). Full information estimation in the presence of incomplete data. In G.A. Marcoulides & R.E. Schumacker [Eds.] Advanced structural equation modeling. Mahwah, New Jersey: Lawrence Erlbaum Associates
Barbara, Gunawan dan Suharti, Sri Utami. (2008). Peranan Corporate Social Responsibility Dalam Nilai Perusahaan. Jurnal Akuntansi dan Keuangan, 2 (7).
Blasi, S., Caporin, M., & Fontini, F. (2018). A multidimensional analysis of the relationship between corporate social responsibility and firms' economic performance. Ecological Economics, 147, 218-229. https://doi.org/10.1016/j.ecolecon.2018.01.014
Cennamo, C., Berrone, P., Cruz, C., Gomez–Mejia, L.R., 2012. Socioemotional wealth and proactive stakeholder engagement: why family–controlled firms care more about their stakeholders. Enterpren. Theor. Pract. 36 (6), 1153– 1173.
Djamilah, S., Ekonomi, F., Wijaya, U., Surabaya, K., Ekonomi, F., Wijaya, U., & Surabaya, K. (2017). CORPORATE SOCIAL RESPONSIBILITY SEBAGAI VARIABEL PEMEDIASI. 9(1), 41–53.
Dowling, J., & Pfeffer, J. (1975). Organizational Legitimacy: Social Values and Organizational Behavior. The Pacific Sociological Review, 18(1), 122–136. https://doi.org/10.2307/1388226
Gomez-Mejia, C. C. P. B. C. C. L. R. (2012). Socioemotional Wealth and Proactive Stakeholder Engagement: Why Family-Controlled Firms Care More About Their Stakeholders. 34, 1153–1173. https://doi.org/10.1111/j.1540-6520.2012.00543.x
Guangxin, E., Graves, C., George, Y., & Yang, J. W. (2022). The mediating role of corporate social responsibility in corporate governance and firm performance. Journal of Cleaner Production, 375(December 2021), 134165. https://doi.org/10.1016/j.jclepro.2022.134165
Hair. Joseph F. Jr., et al. 2010. Multivariate Data Analysis 7th Edition. Person. Education Limited. Harlow. England.
Harjoto, M. and H. Jo: 2011, ‘Corporate Governance and CSR Nexus’, Journal of Business Ethics (forthcoming). Published Online at http://www.springerlink.com/content/g57k226m54w2036g/fulltext.pdf
Hunjra, A. I., Boubaker, S., Arunachalam, M., & Mehmood, A. (2020). How does CSR mediate the relationship between culture, religiosity and firm performance? Finance Research Letters, 101587. https://doi.org/10.1016/j.frl.2020.101587
Hulland J, Chow, Y.H., & Lam S.1996. Use of Causal Models in Marketing Research: A Review. International Journal of Research in Marketing. pp. 181-197
Horne, James C. Van dan John M. Machowicz. 2009. Prinsip-Prinsip Manajemen Keuangan, Jakarta: Salemba Empat.
Iqbal, S., Nawaz, A., & Ehsan, S. (2018). Financial Performance and Corporate Governance in Microfinance: Evidence from Asia. Journal of Asian Economics. https://doi.org/10.1016/j.asieco.2018.10.002
Jahmane, A., & Gaies, B. (2020). Corporate Social Responsibility, Financial Instability and Corporate Financial Performance: Linear, Non-Linear and Spillover Effects – The Case of The CAC 40 Companies. Finance Research Letters, 101483. https://doi.org/10.1016/j.frl.2020.101483
Okafor, A., Ngozi, B., & Adusei, M. (2021). Corporate social responsibility and financial performance : Evidence from U . S tech firms. 292. https://doi.org/10.1016/j.jclepro.2021.126078
Ramadhani, R., & Maresti, D. (2021). Pengaruh leverage dan ukuran dewan direksi terhadap pengungkapan CSR. Ekonomis: Journal of Economics and Business, 5(1), 78-83.
Rokhlinasari, S. (2015). Teori –Teori dalam Pengungkapan Informasi Corporate Social Responbility Perbankan. jurnal.syekhnurjati, Vol 7, 1–11.
Santoso, Singgih. 2018. Konsep Dasar Dan Aplikasi SEM Dengan Amos 24. Jakarta: Alex Media Kumputindo.
Setiawan, S. D. (2018). Dampak Karakteristik Dewan Direksi terhadap Pengungkapan Corporate Social Responsibility pada Perusahaan Pertambangan di Indonesia. Jurnal Ilmiah Manajemen, VIII(1), 50–72.
Siueia, T.T., Wang, Jianling, 2017. Loan loss provisions, income smooth, signaling, capital management and pro-cyclicality: empirical evidence from Mozambi- que's commercial banks. Int. J. Econ. Financ. 9 (11), 48e63.
Sugiyono. (2019). Metode Penelitian Kuantitatif. Alfabeta
Sun, N., Salama, A., Hussainey, K., & Habbash, M. (2010). Corporate environmental disclosure, corporate governance and earnings management. Managerial Auditing Journal, 25(7), 679–700.
Supriyono, R.A. Akuntansi Keperilakuan. Yogyakarta: UGM Press, 2018
Sutopo, D. (2018). Pengaruh good corporate governance (gcg), leverage, dan profitabilitas terhadap nilai perusahaan dengan corporate social responsibility (csr) sebagai variabel mediasi. X(4), 695–719.
Sobel ME. Asymptotic confidence intervals for indirect effects in structural equation models. Sociological methodology. 1982 Jan 1;13(1982):290-312
Tomas, T., Wang, J., & Geoffrey, T. (2019). Corporate Social Responsibility and financial performance : A comparative study in the Sub-Saharan Africa banking sector. Journal of Cleaner Production, 226, 658–668. https://doi.org/10.1016/j.jclepro.2019.04.027
Waluyo, M., & Mm, I. (2016). Mudah Cepat Tepat Penggunaan Tools Amos Dalam Aplikasi ( SEM ).
Wang, Z., & Sarkis, J. (2017). Corporate Social Responsibility Governance, Outcomes, and Financial Performance. Journal of Cleaner Production. https://doi.org/10.1016/j.jclepro.2017.06.142
