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The Impact of Corporate Social Responsibility Disclosure on Profitability (Roa): A Study on Manufacturing Companies In Asean–5 Countries 2019-2023

*Marsandha Azzahra Paramita  -  Departemen Manajemen, Fakultas Ekonomika dan Bisnis, Universitas Diponegoro, Indonesia
Harjum Muharam  -  Fakultas Ekonomika dan Bisnis, Universitas Diponegoro, Indonesia

Citation Format:
Abstract

This research aims to analyze the impact Corporate Social Responsibility (CSR) has on
the Profitability of manufacturing companies across the ASEAN-5 countries during the 2019-2023
period. The variables identified are dependent variable Profitability, measured through Return on
Assets (ROA), and independent variable, Corporate Social Responsibility (CSR) calculated
according to the GRI standards.
Samples used to conduct this research were collected through purposive sampling from 87
manufacturing companies listed in Indonesia Stock Exchange (IDX), Bursa Malaysia, Singapore
Exchange (SGX), Stock Exchange of Thailand (SET) and Philippines Stock Exchange (PSE) during
2019-2023 as data required to analyze the calculation of variables in this study. Research data
were obtained from companies annual or sustainability report and the Bloomberg terminal. The
data was examined through multiple linear regression analysis and Hypothesis Testing in EViews
version 12.
This concludes the relationship indicated between the variable CSR and Profitability
(ROA) results in a significant positive impact. Thus, hypothesis for this study is accepted.
Furthermore, this study incorporates control variables SIZE, AGE, and GROWTH. Findings
indicates a positive significant impact GROWTH has on ROA, while others show insignificancy.

Keywords: corporate social responsibility; company disclosures; financial performance; profitability
Article Info
Section: Articles
Language : EN

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