The Effect of CSR Disclosure and Environmental Performance on Financial Performance with Foreign Ownership as a Moderator

Abstract

Financial performance is a benchmark that describes the financial
condition and success achieved. The purpose of this study is to
empirically examine the influence of CSR disclosure and
environmental performance on financial performance moderated
by foreign ownership. This research conducted on companies that
are members of the SRI-KEHATI Index of the BEI in period 2017
2020. Samples are selected by nonprobability sampling method and
purposive sampling technique, the samples were 12 companies
with 48 observations. Data collected through non-participant
observation method. The analysis techniques used are descriptive
statistics, classical assumptions, and moderated regression analysis
(MRA). The results showed that CSR disclosure has a positive
effect on financial performance. Environmental performance has a
positive effect on financial performance. Foreign ownership can
moderate with strengthens the effect of CSR disclosure and
environmental performance on financial performance.