Analisis Pengaruh Pengungkapan Corporate Social Responsibility dan Kinerja Lingkungan terhadap Harga Saham

Anindyo Yogaswara, Shinta Permata Sari

Abstract


Abstract:Nowadays, companies are not only focused on increasing company’ profits, but companies are also required to disclose their Corporate Social Responsibility (CSR). This disclosure aims as a form of environmental concern, and it used as form of company’s responsibility for environment and stakeholders. Accordance with the Indonesian government program from the Ministry of Environment and Forestry through The Corporate Performance Rating Program (PROPER).
This study aims to examine the effect of CSR-economic, CSR-environment, and environmental performance on stock price of mining companies listed on Indonesian Stock Exchange. For measuring CSR activities, this study uses Global Reporting Initiative (GRI), and environmental performance is measured by the rating of Corporate Performance Rating Program (PROPER). The sampling technique used purposive sampling with ten mining companies as samples during 2015-2020. The data analysis method in this study use multiple linear regression. The result of this study indicate that environmental performance has an effect on the stock price of mining companies, meanwhile CSR-economic, CSR-environmental, and CSR-social have no effect on the stock price.

Abstrak:Dewasa iniperusahaan tidak hanya berpaku padameningkatkan profit perusahaan, akan tetapi perusahaan juga diharuskan melakukan pengungkapkan Corporate Social Resposibility (CSR).Hal tersebut merupakan bentuk kepedulian atas lingkungan serta bentuk tanggung jawab sosial perusahaan terhadap lingkungan, dan pemangku kepentingan perusahaan. Sejalan dengan program pemerintah Indonesia melalui Kementerian Lingkungan Hidup dan Kehutanan melalui program penilaian peringkatkinerja perusahaan(PROPER). Penelitian ini bertujuan untuk menguji pengaruh CSR-ekonomi, CSR-lingkungan, CSR-sosial, dan kinerja lingkungan terhadap harga saham perusahaan pertambangan yang telah terdaftar di Bursa Efek Indonesia. Untuk mengukur aktivitas CSR, pada penelitian ini mengunakan Global Reporting Initiative (GRI), dan Kinerja lingkungan di ukur dengan peringkat program penilaian peringkat kinerja perusahaan (PROPER). Teknik Pengambilan sampel mengunakan purposive samplingdengan sepuluh perusahaan pertambangan sebagai sampel selama tahun 2015-2020. Metode analisis data pada penelitian ini mengunakan analisisregresi linear berganda. Hasil penelitian ini menunjukkan bahwa kinerja lingkungan berpengaruh terhadap harga saham perusahaan pertambangan, sedangkan CSR-ekonomi, CSR-lingkungan, dan CSR-sosial tidak berpengaruh terhadap harga saham perusahaan pertambangan.


Keywords


CSR-economic, CSR-environment, CSR-social, environmental performance, stock price

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References


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