HUBUNGAN SIMULTAN ANTARA PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY DAN KINERJA KEUANGAN

Abstract

The purpose of this study is to determine the simultaneous relationship between the disclosure of corporate social responsibility and the company's financial performance. The dependent and independent variables in this study are the disclosure of corporate social responsibility and financial performance. This study also uses several control variables, including firm size, leverage, sales growth, and age. Tobin value and ROA are used as proxies to measure the financial performance of the company. The community for this study is non-financial companies listed on the Indonesian Stock Exchange in 2020-2022. Research findings including 102 samples from three consecutive years were selected using the purposive sampling method. The analysis method used was two-way least squares and the Eview 12 programming tool. The results showed that showing disclosure of corporate social responsibility has a positive and significant impact on financial performance. However, financial performance is positive and has a significant impact on disclosure of corporate social responsibility.