PENGARUH KINERJA LINGKUNGAN TERHADAP CORPORATE SOCIAL RESPONSIBILITY (CSR) DISCLOSURE DAN KINERJA FINANSIAL PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA

PENGARUH KINERJA LINGKUNGAN TERHADAP CORPORATE SOCIAL RESPONSIBILITY (CSR) DISCLOSURE DAN KINERJA FINANSIAL PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA

ALDILLA NOOR RAKHIEMAH

UNIVERSITAS AIRLANGGA

DIAN AGUSTIA

UNIVERSITAS AIRLANGGA

ABSTRACT

This research is aiming at studying the influence of environmental performance which measured by the company performance in PROPER (Program Penilaian Peringkat Kinerja Perusahaan dalam Pengelolaan Lingkungan Hidup) toward Corporate Social Responsibility disclosure, and toward financial performance, and also the influence of Corporate Social Responsibility disclosure toward financial performance. The number of samples used in this research were sixteen manufacturing company. Data are taken from annual report 2004-2006 of the manufacture companies listed on Indonesia Stock Exchange and also participated in PROPER since 2004. The statistical method being used for this research were simple linier regression analysis to examine the influence of environmental performance toward Corporate Social Responsibility disclosure and multiple linear regression analysis to examine the influence of the environmental performance and Corporate Social Responsibility disclosure toward financial performance. The data analysis and test of the hypothesis is done by using the software SPSS version 13..

The test result for the first hypothesis indicated that environmental performance has a significant influence toward Corporate Social Responsibility disclosure. Meanwhile, the test result for the second hypothesis indicated that environmental performance has no significant influence toward financial performance and the test result for the third hypothesis also shows that Corporate Social Responsibility disclosure has no significant influence toward the financial performance. However, from the test result, this research show that there are an indirect impact that statistically significant of environmental performance toward financial performance through Corporate Social responsibility Disclosure.

Keywords: environmental performance, Corporate Social Responsibility  Disclosure, participation in PROPER, financial performance.

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