PENGARUH UKURAN PERUSAHAAN, BIAYA LINGKUNGAN DAN PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY TERHADAP KINERJA KEUANGAN

Abstract

This research aimed to examine the effect of firm size, environmental cost, and Corporate Social Responsibility (CSR) disclosure on financial performance. The firm value was measured by the Natural logarithm (Ln) assets total. Moreover, the environmental cost was measured by CSR cost divided by net profit. Then, CSR disclosure was measured by disclosure item list based on the Global Reporting Indeks (GRI) and compared to the company’s item disclosure. The research was quantitative. The population was Food and Beverage listed on the Indonesia Stock Exchange (IDX) during 2018-2022. Furthermore, the data collection technique used purposive sampling with 13 companies as the sample. Therefore, in total, there were 61 data samples collected. The data were secondary in the form of financial statements and annual reporter. They were obtained from www.idx.co.id or the Gallery of Investment of Indonesia Stock Exchange (GIBEI) STIESIA Surabaya. Additionally, the data analysis technique used multiple linear regression with SPSS 25 version. The result showed that both firm value and environmental cost did not affect financial performance. However, CSR disclosure had a positive effect on financial performance.