文章基本信息

标题：Corporate Social Responsibility Disclosure Mediates the Relationship between Corporate Governance and Corporate Financial Performance in Indonesia
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作者：Nera Marinda Machdar
期刊名称：Academy of Accounting and Financial Studies Journal
印刷版ISSN：1096-3685
出版年度：2019
卷号：23
期号：3
页码：1-14
语种：English
出版社：The DreamCatchers Group, LLC
摘要：The purpose of this study is to analyze the mediating effect of corporate social responsibility disclosure on the relationship between corporate governance, and corporate financial performance in Indonesia. Specifically, this study analyzes the impact of corporate governance on corporate social responsibility disclosure in Indonesia. Moreover, this study investigates the influence of corporate governance on corporate financial performance in Indonesia. Furthermore, this study also examines the effect of corporate governance on corporate financial performance through the effect of corporate social responsibility disclosures in Indonesia. This study utilizes the companies that are included in the LQ45 Index listed on the Indonesia Stock Exchange as an analysis unit with the study period during 2011-2017. The results show that (a) the corporate governance does not affect the corporate social responsibility disclosure in Indonesia, (b) the corporate governance affects the corporate financial performance in Indonesia, and (c) the corporate governance does not affect the corporate financial performance through the corporate social responsibility disclosure in Indonesia. This study has an implication from a theoretical perspective, i.e. corporate governance provides positive benefits to corporate financial performance, in particular institutional ownership and board of directors. Then, corporate social responsibility disclosure does not mediate the relationship between corporate governance and the corporate financial performance in Indonesia. Moreover, this study has significant managerial implications for standard makers to formulate policies to encourage compliance with companies that are required to disclose corporate social responsibility so that entities are more responsive to social interests. This is because the activities of corporate social responsibility disclosure have a very important role in meeting the interests of stakeholders in the company's long-term needs. In addition, the corporate social responsibility disclosure is an affirmation of corporate image differentiation that gets legitimacy from both the government and society. Furthermore, the implication for regulators is that the conditions of corporate social responsibility disclosure are still very low in Indonesia, so the resilience of corporate governance elements is needed..
关键词：Corporate Governance;Corporate Financial Performance;Corporate Social Responsibility Disclosure