Keterkaitan antara tanggung jawab sosial dengan kinerja dan nilai perusahaan
Susliyanti, Eni Dwi (pembimbing: Dr. Ainun Na'im, MBA), Dr. Ainun Na'im, MBA
This research aims to evidence association between Corporate Social Responsibility and Economic Performance.
There are 5 hypothesis suggested in this research. All of hypotheses are asses association between Corporate Social Responsibility and Economic Performance. The research samples are corporate in announcement PROPER of Environment Department period 2003-2004 which are listed on Jakarta Stock Exchange on 1999-2003. They consist of 3 industries; they are first manufacturing, properties and public service. Second is mining, energy, petroleum and gas. Third is agriculture and forestry. Total samples in this research 22 number corporate. PROPER Rating of Environment Department as proxy of Corporate Social Responsibility. Profitability, size, risk, price/earning ratio, and market value as proxy of Economic Performance. Statistics methods used are t test and Spearman's Rank Correlation.
The result show that rating of Corporate Social Responsibility had positive association with profitability especially on net profit margin (NPM) as shown on rate of significance at 0.04 (a 5 %). Rating of Corporate Social Responsibility had positive association with asset as proxy of size, and had negative association with Deviation Standard as proxy of risk, and had positive association with price/earning ratio, and also had positive association with market value but not significance at a 5 %. The result of examination based on 3 industries had same direction with the hypothesis. But examination based on one industry of manufacture, properties and public service industry had different result from examination based on 3 industries which used Spearman's Rank Correlation and 13 number samples. Rating of Corporate Social Responsibility had positive association with net profit margin (NPM) and return on equity (ROE) as a proxy of profitability, they had rate of significance at a 5 %. Rating of Corporate Social Responsibility had positive association too with price/earning ratio and significance at a 5 % but had negative association with market value (different hypothesis direction). It had same result when used t-test examination
Kata Kunci : Rating Corporate Social Responsibility, Economic Performance, Spearman's Rank Correlation
