THE EFFECT OF ENVIRONMENTAL COSTS, THE FOREIGN OF OWNERSHIP AND THE SIZE OF COMPANY ON RETURN ON ASSETS & CORPORATE SOCIAL RESPONSIBILITY AS INTERVENING VARIABLE
Keywords:
Company Performance, Environmental Costs, Foreign Ownership, Company Size, Corporate of Social Responsibility
Abstract
This objective of this study was to determine the effect of the environment, foreign ownership of company size, and corporate social responsibility (CSR) on performance (ROA), and to find out whether environmental costs, foreign ownership, and company size on company performance (ROA) through corporate social responsibility (CSR) as Intervening variables. This research was included in the comparative causal research. The population of this study were mining companies listed on the Indonesia Stock Exchange in 2016-2019. Using purposive sampling method, there were 40 companies that meet the criteria with a total was160 data. The data analysis technique used was multiple linear regression analysis using SmartPLS software. The results of this study indicate that the variables of environmental costs, the foreign ownership, the size of company and the corporate of social responsibility there was no the direct or indirect effect on ROA.
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Sholihin, M. 2004. Management Accounting. Yogyakarta: BPFE Yogyakarta
Sissandhy. 2014. The Influence of Foreign Ownership on Firm Value With Corporate Social Responsibility Disclosure as an Intervening Variable. Accounting journal. (2337-3806).
Suciwati, 2016. The Effect of Corporate Social Responsibility on Financial Performance. Journal of Business and Entrepreneurship, [Sl], v. 12, n. July 2, p. 104, feb. 2017. ISSN 2580-5614.
Sundari. 2012. The Effect of Participation in Budgeting on the Performance of Local Government Officials, Organizational Culture and Organizational Commitment as Moderating Variables.
Susanti. 2013. The Effect of Good Corporate Governance Implementation, Institutional Ownership and Leverage on Financial Performance. Thesis.
Single, W., & Fachrurrozie, F. (1). Effect of Environmental Performance, Environmental Cost and CSR Disclosure on Financial Performance. Accounting Analysis Journal, 3(3).
Widenta. 2011. The Influence of Corporate Social Responsibility on Company Performance. Junal Accounting, 3(1).
Yao, et al. 2011. Effect of Profitability and Corporate Governance Mechanisms on CSR disclosure of JII Registered Companies 2011-2013. Accounting Analysis Journal, 4(1).
Zulkarnain. 2019. The Influence of Foreign Ownership, Foreign Commissioners, and Foreign Directors on the Company's Financial Performance.
Adhima, MF 2012. “The Effect of Sustainability Report Disclosure on Company Profitability”. FEB Student Scientific Journal, 1 (1).
Agoes, S., & Ardana, IC (2014). Business and Professional Ethics Challenges to Build a Whole Person, Revised Edition. Jakarta: Salemba Empat.
Agustia. 2009. The Effect of Environmental Performance on Corporate Social Responsibility (CSR) Disclosure and Financial Performance of Manufacturing Companies Listed on the Indonesia Stock Exchange Universitas Airlangga
Agrestya, W. 2011. "Analysis of the Effect of Firm Size and Capital Structure. On Financial Performance in Manufacturing Companies Listed on the Indonesia Stock Exchange".
Akbar, DA "Analysis of the Effect of Company Size, Capital Adequacy, Quality of Earning Assets (KAP) and Liquidity on Financial Performance". STIE MDP Scientific Journal, 3(1), 66-82.
Angela. "The Influence of Environmental Performance on Financial Performance with Disclosure of Corporate Social Responsibility (CSR) as an Intervening Variable". Thesis. Sanata Dharma University.
Anggraini, 2011. The Effect of Institutional Ownership and Foreign Ownership on Disclosure of Corporate Social Responsibility in the Annual Report (Empirical Study on Non-Financial Companies Listed on the IDX in 2008-2009). Thesis. Diponegoro University, Semarang.
Babalola, YA 2012. “The Impact of Corporate Social Responsibility on Firms' Profitability in Nigeria”. European Journal of Economics, Finance and Administrative Sciences, ISSN 1450-2275 Issue 45,39-50.
Brigham and Houston. (2010). Fundamentals of Financial Management (edition III). Jakarta Salemba Four.
Camilia, I. 2016. “The Influence of Environmental Performance and Environmental Costs on the Financial Performance of Manufacturing Companies”.
Chiang. 2015. The Effect of Environmental Performance and Environmental Costs on Profitability in Manufacturing Companies Listed on the Indonesia Stock Exchange in 2014-2018. Journal of Accounting Exploration (3327-3345).
Dewata, et al 2018. The Influence of Environmental Costs, Foreign Ownership and Political Costs on the Performance of Mining Companies in Indonesia. Journal of Accounting and Information Systems. 3.2.
Ernawan, ER 2011. Business Ethics. Bandung: Alphabeta.
Etha. 2010. Factors Affecting Disclosure of Corporate Social Responsibility. Journal of Business and Accounting, 129-140.
Fahmi, I. 2012. Financial Performance Analysis (Guide for Academics, Managers, and Investors to Assess and Analyze Businesses from Financial Aspects). Bandung: Alphabeta.
Fajriana, A. 2012. "The Influence of Corporate Social Responsibility (CSR), Investment Decisions, and Capital Structure on Firm Value With Managerial Ownership as Moderating Variable".
Fishing. 2010. The Influence of Company Characteristics and Government Regulations on Corporate Social Responsibility (CSR) Disclosures in Annual Reports in Indonesia. Thesis. Semarang: Faculty of Economics. Diponegoro University.
Fitriani, A. 2012. "The Influence of Environmental Performance and Environmental Costs on Financial Performance in SOEs". Journal of Management Science, 1(1), 137-148.
Fitriyani, F. 2012. "The Relationship between Environmental Performance, Disclosure of Corporate Social Responsibility (CSR, and Financial Performance".
Ghozali, I. 2011. Application of Multivariate Analysis with the SPSS 19 IMB Program. Semarang: Publishing Agency Diponegoro University.
Gunawan. 2012. Objectives Theoretical Environmental Costs on Product Quality and Its Consequences on Company Competitive Advantage. Scientific Journal of Accounting Students.
Hadi. 2009. The Effect of Foreign Ownership on Firm Value with CSR Disclosures as Intervening Variables Halim 3, 1–7.
Handayani. 2017. "Analysis of the Effect of Corporate Governance Characteristics Company Performance (Empirical Study on Manufacturing Companies Listed on the Indonesia Stock Exchange Period 2010-2014), Diponegoro Journal of Accounting, vol. 6 , no. 3, pp. 26-37, Nov. 2017.
Hansen, DR, & Mowen MM 2009. Manjerial Accounting, Book 2, Edition 8.Jakarta: Salemba Empat.
Hastawati, RR, & Sarsiti. 2016. “The Influence of Environmental Performance and Corporate Social Responsibility (CSR) on Financial Performance in Manufacturing Companies Listed on the Indonesia Stock Exchange in 2011- ”. Journal of Research and Scientific Studies, University of Surakarta, 14 (4), 49-59.
Ikhsan, A. 2009. The Effect of Environmental Performance, Environmental Cost, and CSR Financial Performance. 3.
Indonesia Stock Exchange, Annual Financial Report 2016, 2017, 2018, and 2019. (Accessed at http://www.idx.co.id)
Jayati. 2012. The Effect of Environmental Performance, Environmental Costs, and Company Size on Financial Performance with Corporate Social Responsibility as an Intervening Variable (Empirical Study on Manufacturing Companies Listed on the Indonesia Stock Exchange 2014-2017).
Jensen, M., C., and W. Meckling. “Theory of the firm: Managerial behavior, agency cost and ownership structure”, Journal of Finance Economic 3:305- 360, downloaded from http://www.nhh.no/for/courses/spring/eco420/jensenmeckling- 76.pdf.
Khairina. Sudarno. 2014. The Effect of Foreign Ownership on Firm Value with Disclosure of Corporate Social Responsibility as an Intervening Variable. Thesis.
Machmud, Djakman. 2008. National Accounting Symposium. Pontianak.
Meyana. 2018. The Effect of Environmental Performance, Environmental Costs, and Company Size on Study Empirical on Manufacturing Companies Listed on the Indonesia Stock Exchange 2015- 2018).
Mollah, S., AlFarooque, O. and Karim, W. 2012, "Ownership structure, corporate governance and firm performance: Evidence from an African emerging market", Studies in Economics and Finance, Vol. 29 No. 4, pp. 301-319.
Money. 2011. The Effect of Environmental Performance on Corporate Social Responsibility. 12.
Mulyadi. 2015. Corporate Governance, Earnings Management and Tax Management. (363-366)
Nabil. 2010. Determinants of Sustainability Disclosure: Evidence from Non-Financial Companies Listed On the Indonesia Stock Exchange 2013-2015
Priantinah. Nur. 2012. "The Effect of Good Corporate Governance Implementation, Ownership Structure, and Size on the Financial Performance of Banks Listed on the Indonesia Stock Exchange for the Period 2011-2014". Thesis. Yogyakarta State University.
Prihandono, AY.2010. "The Effect of Return on Assets, Foreign Ownership, Company Size and Age on the Level of Disclosure of Social Responsibility in Companies Listed on the Indonesia Stock Exchange in 2009".Thesis. Bakrie University, Jakarta
Primadhany, Risty. 2016. The Effect of Ownership Structure on Capital Structure in Mining Sector Companies Listed on the Indonesia Stock Exchange for the 2010-2014 Period. Journal of Management Science. Surabaya State University, Surabaya. vol. 4, No.3.
Praise. 2013. The Effect of Environmental Performance, Environmental Costs, and Company Size on Financial Performance with Corporate Social Responsibility as an Intervening Variable (Empirical Study on Manufacturing Companies Listed on the Indonesia Stock Exchange 2014-. 93.
Rahmawati. 2012. Effect of Environmental Costs, Foreign Ownership and Political Costs of Mining Companies in Indonesia
Rifan, DF “The Effect Corporate Social Responsibility and Company Size Financial Performance
Sawir 2005 Financial Performance Analysis and Financial Planning Jakarta: PT Gramedia Pustaka Utama
Sekaran, U. 2011. Research Methods for Business. Jakarta: Salemba Empat
Setiawan, Wahyu Budi, Leonardo Pranaditya Ari. 2018. The Effect of Environmental Performance an, environmental costs and company size on financial performance with corporate social responsibility (CSR) as an intervening variable. Journal of Accounting 2018.
Sholihin, M. 2004. Management Accounting. Yogyakarta: BPFE Yogyakarta
Sissandhy. 2014. The Influence of Foreign Ownership on Firm Value With Corporate Social Responsibility Disclosure as an Intervening Variable. Accounting journal. (2337-3806).
Suciwati, 2016. The Effect of Corporate Social Responsibility on Financial Performance. Journal of Business and Entrepreneurship, [Sl], v. 12, n. July 2, p. 104, feb. 2017. ISSN 2580-5614.
Sundari. 2012. The Effect of Participation in Budgeting on the Performance of Local Government Officials, Organizational Culture and Organizational Commitment as Moderating Variables.
Susanti. 2013. The Effect of Good Corporate Governance Implementation, Institutional Ownership and Leverage on Financial Performance. Thesis.
Single, W., & Fachrurrozie, F. (1). Effect of Environmental Performance, Environmental Cost and CSR Disclosure on Financial Performance. Accounting Analysis Journal, 3(3).
Widenta. 2011. The Influence of Corporate Social Responsibility on Company Performance. Junal Accounting, 3(1).
Yao, et al. 2011. Effect of Profitability and Corporate Governance Mechanisms on CSR disclosure of JII Registered Companies 2011-2013. Accounting Analysis Journal, 4(1).
Zulkarnain. 2019. The Influence of Foreign Ownership, Foreign Commissioners, and Foreign Directors on the Company's Financial Performance.
Published
2021-01-27
How to Cite
Diana, H., & Irman, M. (2021). THE EFFECT OF ENVIRONMENTAL COSTS, THE FOREIGN OF OWNERSHIP AND THE SIZE OF COMPANY ON RETURN ON ASSETS & CORPORATE SOCIAL RESPONSIBILITY AS INTERVENING VARIABLE. Journal of Applied Business and Technology, 2(1), 28-38. https://doi.org/10.35145/jabt.v2i1.59
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