Redirigiendo al acceso original de articulo en 16 segundos...
ARTÍCULO
TITULO

Determinants of Corporate Social Responsibility Disclosure and Investor Reaction

Andreas Tan    
Desmiyawati Benni    
Warda Liani    

Resumen

This paper aims to examine the effect of firm size, media exposure and industry sensitivity to corporate social responsibility disclosure and its impact on investor reaction. The population of the study is the companies listed on Indonesian Stock Exchange. The sample was taken by purposive sampling method, and samples of 53 companies were obtained. Data were analyzed using partial least squares path modeling. The result reveals that firm size, media exposure and industry sensitivity have a significant effect on corporate social responsibility disclosure; firms size, media exposure and industry sensitivity have no direct effect on investor reaction; corporate social responsibility disclosure  have direct effect on investor reaction and mediates relationship between firm size, media exposure, industry sensitivity and investor reaction. This present study has two limitations. The first limitation of this study is that using media exposure as a proxy for public pressure may not have been fully fit, but there are still other forms of public pressure such as community lobby and pressure groups that can represent public pressure. The second limitation of this study is that the use of GRI indicators by the companies may not be suitable for the companies since they can not fully apply all of the items. Such difficulties result from the fact that GRI indicators as international guidelines on sustainability reporting are not fully implemented in Indonesia because of cultural and customs differences. The paper is one of the few studies in the academic literature to analyze the effect of three independent variables on the corporate social responsibility disclosure of public companies and investor reaction to the implementation of corporate social responsibility.Keywords: Firm size, Media exposure, Industry sensitivity, Corporate social responsibility disclosure, Investor reactionJEL Classifications: G34, M14, L83

 Artículos similares

       
 
Dimas Eko Wahyudi,Sutrisno T,Mohammad Khoiru Rusydi     Pág. in press
This research aims to analyze and empirically prove the effects of firm size, profitability, and leverage on transfer pricing aggressiveness moderated by corporate governance. It used a sample consisting of 73 multinational firms listed in both www.idx.c... ver más

 
Dimas Eko Wahyudi,Sutrisno T,Mohammad Khoiru Rusydi     Pág. 23 - 33
This research aims to analyze and empirically prove the effects of firm size, profitability, and leverage on transfer pricing aggressiveness moderated by corporate governance. It used a sample consisting of 73 multinational firms listed in both www.idx.c... ver más

 
Josephat Lotto    
This paper investigates the determinants of dividend policy in Tanzania. The study employed a panel data of non-financial firms listed on the Dar es Salaam Stock Exchange (DSE) for the period 2008?2017. The paper reports profitability, liquidity, firm si... ver más

 
Musdholifah Musdholifah,Ulil Hartono,Yulita Wulandari     Pág. 124 - 131
Many studies have been conducted in connection with revealing the determinants of a banking crisis but nothing addresses the exact causes of the crisis. This study aims at developing a model to discern a banking crisis prediction using Crisis and Default... ver más

 
Prageeth Roshan Weerathunga,Chen Xiaofang,Manoj Samarathunga     Pág. 213 - 224
Stimulated by the burgeoning tourism industry and its vital importance to the country?s economy, this study examines the firm-specific and contextual determinants of Sri Lankan corporate hotel performance. We use data from a sample of 29 listed hotels fo... ver más