PENGARUH PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY TERHADAP KONSEKUENSI EKONOMI
ABSTRACT: The objective of
this study is to investigate the effect of Corporate Social Responsibility
(CSR) disclosure on economic concequences. The CSR consists of sixvariabels,
which based on GRI guidelines dimension (economic, environment, social (labour
practices), society, human right and product responsibility). The economic
consequences consist of three variabels, which are the bid-ask spreads, the
trading volume, and the share price volatility. The hypotheses are tested using
multiple regression analysis with 167 samples of listed frms in Indonesian
Stock Exchange in 2012. The result of research are as follows: (1) the effect
ofoverall CSR disclosure on bid-ask spread is negative and signifcant, (2) the
effect of environment dimensionof CSR disclosure on bid-ask spreads is negative
andsignifcant, (3) the effect of human right dimension of CSR disclosure on
bid-ask spreads is negative andsignifcant, (4) the effect of overall CSR
disclosure on trading volume is positive and signifcant, (5) the effect of
environment dimension of CSR disclosure on trading volume is positive and
signifcant, and (6) the effect of human right dimension of CSR disclosure on trading
volume is positive and signifcant.
Penulis: Muhammad Harits Zidni
Kode Jurnal: jpakuntansidd160592
