The effect of environmental performance and CSR on financial performance of manufacturing companies in Indonesia

A market reaction analysis

Authors

  • Harwidhea Dewantari Putri Master of Accounting Study Program, Faculty of Economics and Business, University of Jember, Indonesia https://orcid.org/0000-0002-8255-5733
  • Muhammad Miqdad Master of Accounting Study Program, Faculty of Economics and Business, University of Jember, Indonesia https://orcid.org/0000-0003-0039-8760
  • Agung Budi Sulistiyo Master of Accounting Study Program, Faculty of Economics and Business, University of Jember, Indonesia https://orcid.org/0000-0003-3395-3978

DOI:

https://doi.org/10.20525/ijrbs.v9i6.913

Keywords:

ROA, Abnormal Return, Profitability, Company Performance

Abstract

This study aims to analyze the effect of environmental performance and Corporate Social Responsibility (CSR) on financial performance and its impact on market reactions in manufacturing companies listed on Proper 2014-2018. The research method uses path analysis with the SPSS 22 as many as 39 companies listed on the Indonesia Stock Exchange in 2014-2018 with Purposive Sampling. The results showed that environmental performance had no significant effect on financial performance. CSR has no significant effect on financial performance. environmental performance has no significant effect on market reaction. CSR has no significant effect on market reactions. financial performance has a significant effect on market reaction

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Published

2020-10-26

How to Cite

Putri, H. D., Miqdad, M., & Sulistiyo, A. B. (2020). The effect of environmental performance and CSR on financial performance of manufacturing companies in Indonesia: A market reaction analysis. International Journal of Research in Business and Social Science (2147- 4478), 9(6), 50–57. https://doi.org/10.20525/ijrbs.v9i6.913

Issue

Vol. 9 No. 6 (2020): October

Section

Strategic Approach to Business Ecosystem and Organizational Development

License

Copyright (c) 2020 Harwidhea Dewantari Putri, Muhammad Miqdad, Agung Budi Sulistiyo

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

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