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The Relationship Between CSR and Profitability to Firm Value in SRI-KEHATI Index

Author

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  • Widuri Kurniasari
  • Yusni Warastuti

    (Soegijapranata Catholic University, Indonesia)

Abstract

This study aims to investigate the relationship between Corporate Social Responsibility (CSR), Profitability to Firm Value. The samples are all manufacturer companies that listed in SRI-KEHATI Index by using control samples (manufacturers company not listed in SRI-KEHATI Index). This study is empirically examined between CSR disclosure (environment, energy, health and safety, product, and community services), profitability (ROA) and firm value. For company that listed in Sri Kehati Index, this study found no significant relationship between CSR to firm value but there were positive significant relationship between profitability to firm value

Suggested Citation

  • Widuri Kurniasari & Yusni Warastuti, 2015. "The Relationship Between CSR and Profitability to Firm Value in SRI-KEHATI Index," The International Journal of Economic Behavior - IJEB, Faculty of Business and Administration, University of Bucharest, vol. 5(1), pages 31-41, December.
    • Handle: RePEc:but:ijebfa:v:5:y:2015:i:1:p:31-41
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    References listed on IDEAS

    as
    1. Glen Dowell & Stuart Hart & Bernard Yeung, 2000. "Do Corporate Global Environmental Standards Create or Destroy Market Value?," Management Science, INFORMS, vol. 46(8), pages 1059-1074, August.
    2. Bernard S. Black & Hasung Jang & Woochan Kim, 2006. "Does Corporate Governance Predict Firms' Market Values? Evidence from Korea," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 22(2), pages 366-413, October.
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    Cited by:

    1. Muslichah Muslichah, 2020. "The effect of environmental and social disclosure on firm value with financial performance as intervening variable," Jurnal Akuntansi dan Auditing Indonesia, Accounting Department, Faculty of Business and Economics, Universitas Islam Indonesia, vol. 24(1), pages 22-32, Juni.
    2. Shay Tsaban & Tal Shavit, 2024. "The Agency Problem of the Modern Era – The Conflict Between Shareholders’ and Managers’ Motives to Invest in Happiness," Journal of Happiness Studies, Springer, vol. 25(7), pages 1-18, October.
    3. Christian Jeremy Siahaan & Mohammad Kemal Taufiqurahman & Barata Andrianto & Muhammad Nur Iman, 2020. "Unequal Economic Growth Between Regions in Indonesia: Hard Infrastructure or Soft Infrastructure?," International Journal of Business and Administrative Studies, Professor Dr. Bahaudin G. Mujtaba, vol. 6(2), pages 97-110.

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