Pengaruh Dimensi Pengungkapan Corporate Social Responsibility Terhadap Future Institutional Ownership

Eriandani, Rizky (2014) Pengaruh Dimensi Pengungkapan Corporate Social Responsibility Terhadap Future Institutional Ownership. Jurnal Ekonomi dan Bisnis, XVII (1). pp. 91-110. ISSN 1979-6471

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Official URL: http://ejournal.uksw.edu/jeb/article/view/241

Abstract

Corporate social responsibility practice becomes important subject in company`s activity, because it will affect the company's reputation. Besides, institutional investors likely prefer to invest in companies that have a social responsibility as it is considered to increase the legitimacy and future performance. This study aims to investigate the effect of CSR disclosure on institutional ownership. We use percentages ownership to measure institutional ownership. CSR measurement instrument used in this study adopted a previous research. The instrument comes from research Hackston and Milne, which was adjusted with Bapepam regulation in Indonesia. We also divided CSR disclosures in four sub-dimensions. The samples used in this research were 115 listed agriculture, mining, and manufacturing companies in indonesian Stock Exchange which studied during the years of 2010. Using SPSS 20, The analysis methods of this research used multiple regression analysis. Studies shows that not all dimensions of CSR disclosure effect on institutional ownership. Only product dimensions of CSR disclosures has a significant positive impact on institutional ownership. However, this paper fail to find any significant impact of another CSR dimensions. Thus, our study suggests that the dimensions of the product can affect investment decisions. In contrast, institutional investors have not focused on environment, employee relation, and community activities in investment decisions.

Item Type: Article
Uncontrolled Keywords: corporate social responsibilities, dimensions of CSR disclosures, institutional ownership, legitimacy theory
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Faculty of Business and Economic > Department of Accounting
Depositing User: RIZKY ERIANDANI M.Ak. - 209174
Date Deposited: 13 Jul 2018 03:16
Last Modified: 16 Oct 2018 04:39
URI: http://repository.ubaya.ac.id/id/eprint/32673

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