THE EFFECT OF CORPORATE SOCIAL RESPONSIBILITY (CSR) DISCLOSURES TO COMPANY FINANCIAL PERFORMANCE (EMPIRICAL STUDY ON MANUFACTURING COMPANIES LISTED ON INDONESIA STOCK EXCHANGE YEAR FROM 2014 TO 2016)

Abstract

This study is going to analyze the effect of Corporate Social Responsibility (CSR) disclosure to company financial performance. This research is a quantitative study using secondary data. Sample selection is done by purposive sampling method and data processing method using multiple regression analysis. The population of data in this research is manufacturing companies listed on Indonesia Stock Exchange (BEI) from the period of 2014-2016 with total 129 companies and 26 companies are selected as sample. Financial performance is measured by return on assets (ROA), CSR disclosure is divided into economic CSR disclosure, environment CSR disclosure and social CSR disclosure, and all measured by using GRI-G4. The result of the research shows that from three independent variables tested there is one variable that has insignificant effect, which is economic CSR disclosure. Two variable that has significant effect, which is environment CSR disclosure and social CSR Disclosure.