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The Relationship Between CSR and Profitability to Firm Value in SRI-KEHATI Index

Author

Listed:
  • Widuri Kurniasari
  • Yusni Warastuti

    (Soegijapranata Catholic University, Indonesia)

Abstract

This study aims to investigate the relationship between Corporate Social Responsibility (CSR), Profitability to Firm Value. The samples are all manufacturer companies that listed in SRI-KEHATI Index by using control samples (manufacturers company not listed in SRI-KEHATI Index). This study is empirically examined between CSR disclosure (environment, energy, health and safety, product, and community services), profitability (ROA) and firm value. For company that listed in Sri Kehati Index, this study found no significant relationship between CSR to firm value but there were positive significant relationship between profitability to firm value

Suggested Citation

  • Widuri Kurniasari & Yusni Warastuti, 2015. "The Relationship Between CSR and Profitability to Firm Value in SRI-KEHATI Index," The International Journal of Economic Behavior - IJEB, Faculty of Business and Administration, University of Bucharest, vol. 5(1), pages 31-41, December.
    • Handle: RePEc:but:ijebfa:v:5:y:2015:i:1:p:31-41
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    References listed on IDEAS

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    1. Glen Dowell & Stuart Hart & Bernard Yeung, 2000. "Do Corporate Global Environmental Standards Create or Destroy Market Value?," Management Science, INFORMS, vol. 46(8), pages 1059-1074, August.
    2. Bernard S. Black & Hasung Jang & Woochan Kim, 2006. "Does Corporate Governance Predict Firms' Market Values? Evidence from Korea," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 22(2), pages 366-413, October.
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    3. Christian Jeremy Siahaan & Mohammad Kemal Taufiqurahman & Barata Andrianto & Muhammad Nur Iman, 2020. "Unequal Economic Growth Between Regions in Indonesia: Hard Infrastructure or Soft Infrastructure?," International Journal of Business and Administrative Studies, Professor Dr. Bahaudin G. Mujtaba, vol. 6(2), pages 97-110.

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