Abstrak 
The Relationship Between Corporate Social Responsibility and Firm Financial Performance : Evidence from the Firms Listed in LQ45 of The Indonesian Stock Exchange Market
The Relationship Between Corporate Social Responsibility and Firm Financial Performance : Evidence from the Firms Listed in LQ45 of The Indonesian Stock Exchange Market
Maman Setiawan, Darmawan
Universitas Padjadjaran, European Journal of Social Sciences – Volume 23, Number 2 (2011)
Inggris
Universitas Padjadjaran, European Journal of Social Sciences – Volume 23, Number 2 (2011)
corporate social responsibility (csr), financial crisis, firm financial performance, panel data estimation
Maman Setiawan, Darmawan
Universitas Padjadjaran, European Journal of Social Sciences – Volume 23, Number 2 (2011)
Inggris
Universitas Padjadjaran, European Journal of Social Sciences – Volume 23, Number 2 (2011)
corporate social responsibility (csr), financial crisis, firm financial performance, panel data estimation
This research investigates the corporate social responsibility (CSR) and firm financial performance as well as the relationship between the two variables. The CSR and firm financial performance are calculated from the annual (sustainable) report of firms listed in LQ45 of the Indonesian Stock Exchange Market. The results show that the CSR activities conducted by firms are still relatively low. Furthermore, the panel data estimation suggests that CSR has the positive effect on the firm financial performance. The results also indicate that the financial crisis in 2008 reduced the positive effect of the CSR on the firm financial performance.
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