The Influence of Financial Performance and Institutional Ownership on Disclosure of Corporate Social Responsibility: Empirical Study of The Companies Listed on Indonesia Stock Exchange in 2012

Abstract

This research aims to determine whether the financial performance as measured by Debt to
Equity Ratio, Current Ration and Return on Assets and institutional ownership have a
significant effect on the disclosure of Corporate Social Responsibility. This research used
corporate social disclosure index (CSDI) as an indicator of Corporate Social Responsibility
disclosure by using the Global Reporting Initaatives (GRI).
Research method used is descriptive and verification method. Population in this research
was categorized as high-profile companies that were listed on the Indonesia Stock
Exchange in 2012 totaling 189 companies. The sampling technique used was random
sampling technique with iteration. The result was a company that became the research
sample as many as 46 companies. The data used in this study was a secondary data
obtained through the study of the documentation to get a company's annual report data
form samples, idx statistics and Indonesian Capital Market Directory (ICMD) in 2012.
Data analysis used multiple regressions. Classical assumption test used before regression
of that includes normality test, heteroscedasticity, multicollinearity and autocorrelation. It
also examined the hypothesis with the t-test and F-test to examine the influence of
independent variables to the dependent variable.
The result of data anlaysis indicated that Debt to Equity Ratio and Current Assets were
partially no significant effect on the disclosure of Corporate Social Responsibility. Return
on Assets and Institutional Ownership partially significant effect on the disclosure of
Corporate Social Responsibility (CSR). And Debt to Equity Ratio, Current Assets, Return
On Assset and Institutional Ownership simultaneously significant effected on the
disclosure of Corporate Social Responsibility (CSR).

Penelitian ini bertujuan untuk mengetahui apakah kinerja keuangan yang diukur dengan
Debt to Equity Ratio, Current Ration and Return on Assets dan institutional ownership
berpengaruh signifikan terhadap pengungkapan Corporate Social Responsibility. Penelitian
ini menggunakan corporate social disclosure index (CSDI) sebagai indikator
pengungkapan Corporate Social Responsibility dengan menggunakan Global Reporting
Initiatives (GRI). Metode penelitian yang digunakan adalah metode deskriptif dan
verifikatif. Populasi dalam penelitian ini dikategorikan sebagai perusahaan high-profile
yang terdaftar di Bursa Efek Indonesia pada tahun 2012 sebanyak 189 perusahaan. Teknik
sampling yang digunakan adalah teknik pengambilan sampel acak dengan iterasi. Hasilnya
adalah perusahaan-perusahaan yang menjadi sampel penelitian adalah sebanyak 46
perusahaan. Data yang digunakan dalam penelitian ini adalah data sekunder yang diperoleh
melalui dokumen laporan tahunan perusahaan public di IDX statistik dan Direktori Pasar
Modal Indonesia (ICMD) tahun 2012. Analisis data yang digunakan regresi berganda. Uji
asumsi klasik yang digunakan sebelum regresi yang meliputi uji normalitas,
heteroskedastisitas, multikolinearitas dan autokorelasi. Selain itu juga meneliti hipotesis
dengan t-test dan F-test untuk menguji pengaruh variabel independen terhadap variabel
dependen. 

Hasil data anlaysis menunjukkan bahwa Debt to Equity Ratio dan Aktiva Lancar secara
parsial tidak berpengaruh signifikan terhadap pengungkapan Corporate Social
Responsibility. Return on Assets dan Kepemilikan Institusional secara parsial berpengaruh
signifikan terhadap pengungkapan Corporate Social Responsibility (CSR). Selain itu Debt
to Equity Ratio, Aktiva Lancar, Return on Assset dan Kepemilikan Institusional secara
bersamaan signifikan berpengaruh terhadap pengungkapan Corporate Social Responsibility
(CSR).