The Influence CSR Disclosure on Profitability of Sri-Kehati Indexed Companies with Institutional Ownership as Moderator

Ajeng Winda Febryanti; Ni Made Dwi Ratnadi

doi:10.24843/EJA.2025.v35.i12.p18

Authors

Ajeng Winda Febryanti Faculty of Economics and Business, Universitas Udayana, Indonesia
Ni Made Dwi Ratnadi Faculty of Economics and Business, Universitas Udayana, Indonesia

DOI:

https://doi.org/10.24843/EJA.2025.v35.i12.p18

Keywords:

CSR, Institutional Ownership, Profitability

Abstract

This study aims to empirically prove the effect of CSR disclosure on profitability and the ability of institutional ownership as a moderating variable on that relationship. The research employed a quantitative method with regression moderation analysis, facilitated by the SPSS analysis tool. The research sample consisted of 55 companies with secondary data. The results showed that CSR disclosure had an effect on the profitability of companies indexed by Sri-Kehati. Institutional ownership can moderate the effect of CSR disclosure on the profitability of companies indexed by Sri-Kehati. This result of this study prove empirically that the higher level of CSR disclosure, the more effective management will be managing its assets. The greater proportion of institutional ownership, the greater the pressure on management to disclose its social responsibility comprehensively.

References

Atmaja, & Wibowo. (2015). Pengaruh Kepemilikan Asing dan Corporate Social Responsibility terhadap Kinerja Perusahaan yang Terdaftar dalam Indeks SRI KEHATI tahun 2009-2013. E-Journal Universitas Atmajaya Yogyakarta. http://e-journal.uajy.ac.id/id/eprint/8720

Ghachem, Basty, & Zureigat. (2022). Ownership Structure and Carbon Emissions of SMEs: Evidence from OECD Countries. Sustainability (Switzerland), 14(21). https://doi.org/10.3390/su142114408

Haloho, R. (2021). Pengaruh Kepemilikan Kepemilikan Manajerial , Dewan Komisaris Independen dan Leverage Terhadap Tax Avoidance ( Studi Empiris pada Perusahaan Pertambangan yang Terdaftar di Bursa Efek Indonesia Tahun 2016-2019 ). Prosiding: Ekonomi Dan Bisnis, 1(1), 706.

Hidayah, & Anwar. (2023). Pengaruh Media Exposure , Profitabilitas , ISO 14001 dan Slack Resources Terhadap Pengungkapan CSR Dimoderasi Kepemilikan Institusional. EKOMA:Jurnal Ekonomi, Manajemen, Akuntansi, 2(2), 338–353.

Islam, M. A. (2017). CSR Reporting and Legitimacy Theory : Some Thoughts on Future Research Agenda. The Dynamics of Corporate Social Responsibility. CSR, Sustainability, Ethics & Governance. Springer, Cham, 323–339. https://doi.org/https://doi.org/10.1007/978-3-319-39089-5_17

Kholmi, & Nafiza. (2022). Pengaruh Penerapan Green Accounting dan Corporate Social Responsibility Terhadap Profitabilitas ( Studi Pada Perusahaan Manufaktur Yang Terdaftar di BEI Tahun. Reviu Akuntansi Dan Bisnis Indonesia, 6(1), 143–155. https://doi.org/10.18196/rabin.v6i1.12998

Mudjijah, Khalid, & Astuti. (2019). Pengaruh Kinerja Keuangan dan Struktur Modal terhadap Nilai Perusahaan yang Dimoderasi Variabel Ukuran Perusahaan. Jurnal Akuntansi Dan Keuangan, 8(1), 41–56. https://doi.org/http://dx.doi.org/10.36080/jak.v8i1.839

Musfirati, Ginting, & Hakim. (2021). Pengaruh Pengungkapan Corporate Social Responsibility terhadap Profitabilitas Perusahaan ( Studi Empiris pada Perusahaan Sektor Industri Rokok yang Terdaftar di Bursa Efek Indonesia Tahun 2016-2019 ). Journal of Information System, Applied, Management, Accounitng and Research, 5(2), 471–487. https://doi.org/10.52362/jisamar.v5i2

Prahawati, Adnyana, & Mangunjaya. (2019). Pengaruh Investasi CSR dalam Meningkatkan Profitabilitas dan Harga Saham Perusahaan yang Terdaftar di indeks Sri Kehati Periode 2011 – 2015. Jurnal Aplikasi Manajemen Dan Bisnis, 5(2), 210–221. https://doi.org/https://doi.org/10.17358/jabm.5.2.210

Ramadhina, & Hernawati. (2015). Pengaruh Corporate Social Responsibility Disclosure Dan Kinerja Keuangan Terhadap Nilai Perusahaan dengan Kepemilikan Institusional sebagai Moderasi. Conference on Economic and Business Innovation, 4(12), 1–19. https://core.ac.uk/download/pdf/148614396.pdf

Setyahuni, & Widiar. (2022). Dampak Pandemi COVID - 19 pada CSR Spending Perusahaan Go Public di Indonesia : Studi pada Perusahaan yang Terdaftar di BEI. Jurnal Ekonomi Bisnis, Manajemen Dan Akuntansi (Jebma), 2(1), 38–48. https://doi.org/doi.org/jebma.v2i1.1359

Silalahi, Karo, Hanu, Ginting, & Kholis. (2022). Analysis of CSR Index, Profitability, Sales Growth and Its Effect on Financial Performance on the Indonesia Stock Exchange in 2017-2020. Economit Journal, 2(1), 31–42. https://doi.org/https://doi.org/10.33258/economit.v2i1.609 31

Swardani, Suprasto, Ratnadi, & Suaryana. (2021). The Role of Board of Commissioners and Institutional Ownership in CSR Disclosure : An Empirical Study in Indonesia. Journal of Asian Finance, Economics, and Business, 8(6), 51–58. https://doi.org/10.13106/jafeb.2021.vol8.no6.0051

Tarighi, Appollon, Shirzad, & Azad. (2022). Corporate Social Responsibility Disclosure ( CSRD ) and Financial Distressed Risk ( FDR ): Does Institutional Ownership Matter ? Sustainability, 14(2), 742. https://doi.org/https://doi.org/10.3390/su14020742

Usman, Bernardes, & Kananlua. (2020). On the Nexus Between CSR Practices , ESG Performance , and Asymmetric information. Gadjah Mada International Journal of Business, 22(2), 151–177. https://search.informit.org/doi/10.3316/informit.426844124209298

Velte. (2022). Which institutional investors drive corporate sustainability ? A systematic literature review. Sustainability (Switzerland), 32(1), 42–71. https://doi.org/10.1002/bse.3117

Yanti, Endiana, & Pramesti. (2021). Pengaruh ukuran perusahaan, ukuran dewan komisaris, kepemilikan institusional, leverage , dan profitabilitas terhadap pengungkapan corporate social responsibility. Jurnal Kharisma, 3(1), 42–51.

Yuliansyah, & Fitriah. (2020). Pengaruh Pengungkapan Corporate Social Responsibility terhadap Tingkat Profitabilitas Perusahaan. Bandung Conference Series: Accountancy, 516–522. https://doi.org/Bandung Conference Series: Accountancy https://doi.org/10.29313/bcsa.v2i1.1918

Zuhriah, & Maharani. (2022). Pengaruh Corporate Social Responsibility Disclosure Terhadap Profitabilitas dan Nilai Perusahaan. Al Qalam: Jurnal Ilmiah Keagamaan Dan Kemasyarakatan, 16(2), 703–729. https://doi.org/10.35931/aq.v16i2.934