PENGARUH PENGUNGKAPAN CSR DAN KINERJA LINGKUNGAN TERHADAP KINERJA KEUANGAN DENGAN KEPEMILIKAN ASING SEBAGAI VARIABEL MODERASI

Abstract

Financial performance becomes a matter of great concern to
an investor but must also take into account the social and
environmental responsibilities of the company. This study aims to
analyze the effect of CSR disclosure and environmental performance
on financial performance with moderation of foreign ownership.
Respondents of this research are manufacturing companies listed on
the BEI 2011 - 2015 and registered in PROPER in 2011 - 2015. The
number of samples of 85 companies is taken based on Purposive
Sampling technique. Data collection using documentation method.
The data analysis to test the hypothesis using multiple regression is
completed with SPSS program.
From the results of this study obtained the conclusion that:
Disclosure of CSR has a significant positive effect on financial
performance, environmental performance has no effect on financial
performance. In addition, this research finds that foreign ownership
moderates the effect of CSR disclosure on financial performance with
negative direction and can not moderate the influence of
environmental performance on financial performance.