PENGARUH KINERJA LINGKUNGAN DAN CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE TERHADAP KINERJA KEUANGAN DENGAN FOREIGN OWNERSHIP SEBAGAI PEMODERASI

Abstract

This research aims to examine the influences of environmental performance, Corporate Social Responsibility Disclosure and Size as a control variable on financial performance, and test Foreign Ownership as a moderating variable on the influence of environmental performance, Corporate Social Responsibility Disclosure and Size on financial performance. The population in this research are mining and consumer goods companies which listed on the Indonesia Stock Exchange (IDX) during the period 2012-2016. The sample of this research was taken by using purposive sampling method that is based on 3 criteria that have been determined then obtained a sample of 36 companies with a total of 152 firm years. The analysis method used is multiple regression analysis and Moderated Regression Analysis (MRA) interaction test. The results of this research indicates that the environmental performance has no influence on financial performance. Corporate social responsibility disclosure has a positive influence on financial performance. Size as control variable have a negative influence to financial performance. Foreign ownership is able to moderate the environmental performance of financial performance. Foreign ownership is unable to moderate corporate social responsibility disclosure to financial performance.
Keywords: Environmental performance, corporate social responsibility disclosure, size, foreign ownership, return on assets.