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Fundamental Effect of Implementation of Corporate Social Responsibility and Value Based Management on the Equity Value of Hotels in Bali

Author

Listed:
  • Gede Adi Yuniarta

    (Universitas Pendidikan Ganesha, Indonesia Author-2-Name: I Gusti Ayu Purnamawati Author-2-Workplace-Name: Universitas Pendidikan Ganesha, Indonesia)

Abstract

"Objective � The purpose of this study was to examine the implementation of the fundamental effects of Corporate Social Responsibility and Value Based Management on the Equity Value of hotels in Bali. Methodology/Technique � The data collecting used purposive sampling method. The effects of moderating variables were tested using Moderated Regression Analysis (MRA). Findings � The research proves that there is a significant fundamental effect of the implementation of Corporate Social Responsibility and Value Based Management on the Equity Value of hotels in Bali. The fundamental effects prove that although the implementation of Corporate Social Responsibility cause the release of funds that is quite significant but it gives positive effects on companies that has fundamentally led to increased equity value in the eyes of investors. Novelty � The study proves that the expenditure on Corporate Social Responsibility can positively affect the stock price of a firm."

Suggested Citation

  • Gede Adi Yuniarta, 2017. "Fundamental Effect of Implementation of Corporate Social Responsibility and Value Based Management on the Equity Value of Hotels in Bali," GATR Journals afr133, Global Academy of Training and Research (GATR) Enterprise.
    • Handle: RePEc:gtr:gatrjs:afr133
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    References listed on IDEAS

    as
    1. Collins, Daniel W. & Kothari, S. P., 1989. "An analysis of intertemporal and cross-sectional determinants of earnings response coefficients," Journal of Accounting and Economics, Elsevier, vol. 11(2-3), pages 143-181, July.
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    More about this item

    Keywords

    Hotel; Value Based Management; Corporate Social Responsibility; Equity Value of The Company.;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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