THE EFFECT OF CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE ON THE FINANCIAL PERFORMANCE OF PALM OIL PLANTATION COMPANIES ON THE INDONESIA STOCK EXCHANGE
Abstract
The aim of this research is to determine the effect of corporate social responsibility disclosure on the financial performance (ROA, ROE and ROS) of oil palm plantation companies on the Indonesia Stock Exchange. The secondary data used is financial reports for 2019 to 2021 for 13 oil palm plantation companies listed on the IDX. The analytical tools used are: classical assumption tests (normality test, autocorrelation test, heteroscedasticity test), simple linear regression analysis, correlation coefficient, coefficient of determination, and t test. The conclusions obtained from the results of this research are: 1). CSR disclosure has a significant effect on the ROA of oil palm plantation companies on the Indonesia Stock Exchange during 2019-2021. This is proven by the results of the t test, where the CSR disclosure t-calculated value obtained has a positive sign of 3.836, which is greater than the t-table value of 2.026. Apart from that, the CSR disclosure significance value of 0.000 is smaller than the probability value (0.05); 2). CSR disclosure has a significant effect on the ROE of oil palm plantation companies on the Indonesia Stock Exchange during 2019-2021. This is proven by the results of the t test, where the CSR disclosure t-calculated value obtained has a positive sign of 2.756, which is greater than the t-table value of 2.026. Apart from that, the CSR disclosure significance value of 0.009 is smaller than the probability value (0.05); and 3). CSR disclosure has a significant effect on the ROS of oil palm plantation companies on the Indonesia Stock Exchange during 2019-2021. This is proven by the results of the t test, where the CSR disclosure t-calculated value obtained has a positive sign of 3,800, which is greater than the t-table value of 2,026. Apart from that, the CSR disclosure significance value of 0.001 is smaller than the probability value (0.05).Downloads
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