PENGARUH KINERJA LINGKUNGAN DAN KEPEMILIKAN ASING TERHADAP KINERJA FINANSIAL PERUSAHAAN
Abstract: This research aims
to examine the effect of environmental performance and foreign ownership refer
to financial performance in PROPER’s companies participant ,in cases where CSR
Disclosure as a intervening variable. This study uses 34 samples of firms that
listed as participant of Program Peringkat Kinerja Perusahaan Dalam Pengelolaan
Lingkungan Hidup (PROPER) for the period of 2005 and 2007. Applying a partial
least square method – PLS, this study found that environment performance has no
effect to CSR Disclosure. Foreign ownership has an effect to CSR Disclosure. In
other side, environmental performance and foreign ownership has and effect to
return on assets one year ahead and return on equity one year ahead (ROAt+1 and
ROEt+1), but they had no effect to company return (Rt+1) in one year ahead.The
results of this study indicate that the CSR Disclosure can not be an
intervening in the relationship between foreign ownership and environmental
performance with financial performance.
Keywords: environmental
performance, PROPER, foreign ownership, financial performance, CSR Disclosure
Penulis: Tita Djuitaningsih,
Erista Eka Ristiawati
Kode Jurnal: jpakuntansidd110225
