SOSIAL INVESTMENT AND OWNERSHIP STRUCTURE

Eriandani, Rizky (2019) SOSIAL INVESTMENT AND OWNERSHIP STRUCTURE. In: MIICEMA 2019 (Malaysia Indonesia International Conference on Economics, Management and Accounting), 20-21 Novermber 2019, Malaysia. (Submitted)

[img]
Preview
PDF
Rizky Eriandani_Abstrak Aceh.pdf

Download (7Kb) | Preview

Abstract

CSR can be represented as a long-term investment, exchanging current profitability with long-term sustainability. The value of social investment by the company shows an increasing trend. The value of this investment may differ according to the pattern of share ownership, because different types of investors will have different goals and decision-making. Thus, it is necessary to analyze the relationship between various types of owners and corporate social investment, because the results of previous studies cannot be concluded. In this study, the types of shareholders are divided into three categories, namely - managerial, institutional, and foreign ownership. This study uses 243 firm years as samples that cover two years 2017-2018. Data on stock ownership is obtained from the Indonesian capital market and measured by the percentage of ownership. CSR investment is measured by the value of the rupiah for corporate social activities, which is obtained from disclosures in the annual report. The method used to estimate the parameters of the research model is linear regression. The characteristics of each investor are as follows. Institutional investors generally have a large number of company shares. Managerial investors are best informed about the company's situation and often have the most significant influence on the company's strategy and investment. Foreign investors tend to be different from domestic investors in terms of their preferences, time period, and level of problem asymmetry of information. Given these differences, it is predicted that different types of share ownership will have different preferences regarding corporate social investment.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: Corporate Social Responsibility, Sosial Investment, Social Capital, Ownership
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Faculty of Business and Economic > Department of Accounting
Depositing User: Ester Sri W. 196039
Date Deposited: 03 Oct 2019 02:10
Last Modified: 03 Oct 2019 02:10
URI: http://repository.ubaya.ac.id/id/eprint/36434

Actions (login required)

View Item View Item