Skip to main navigation menu Skip to main content Skip to site footer
Academia Open

Business and Economics

Vol 9 No 1 (2024): June

CSR, Environmental Performance, and Financial Outcomes: Indonesian Food Industry Insights
CSR, Kinerja Lingkungan, dan Hasil Keuangan: Wawasan Industri Makanan Indonesia



(*) Corresponding Author
DOI
https://doi.org/10.21070/acopen.9.2024.5704
Published
September 29, 2023

Abstract

This study aims to assess the impact of corporate social responsibility (CSR) and environmental performance on financial performance in Indonesian food and beverage companies. The study uses a quantitative method and a purposive sampling technique to select a sample of 14 companies listed on the Indonesia Stock Exchange from 2019 to 2020. The results show that CSR has a negative and significant impact on financial performance, while environmental performance has a positive and significant impact on financial performance. These findings suggest that companies should prioritize environmental performance to improve their financial performance.

Highlights :

  • CSR Impact: Significant negative influence on financial performance in Indonesian food and beverage companies.
  • Environmental Performance: Positively correlates with financial outcomes, emphasizing its importance in business strategies.
  • Sustainable Prioritization: Companies urged to prioritize environmental performance for enhanced financial results.

Keywords:CSR, Environmental Performance, Financial Performance, Indonesian Companies, Sustainable Business

References

  1. J. Elkington, *Cannibals With Forks The Triple Bottom Line of 21st Century Business*. Oxford: Capstone Publishing Ltd, 1997.
  2. Kasmir, *Pengantar Manajemen Keuangan*. Jakarta: Prenadamedia Group, 2015.
  3. D. A. Tsaniyah and F. Dipokusumo, "Pengaruh Program CSR (Corporate Social Responsibility) Dalam Mempertahankan Citra Positif di Lorin Solo Hotel," *Jurnal Pariwisata Indonesia*, vol. 13, no. 1, pp. 1–12, 2017.
  4. G. P. Tahu, "Pengaruh Kinerja Lingkungan dan Pengungkapan Lingkungan Terhadap Kinerja Lingkungan (Studi pada Perusahaan Manufaktur yang Terdaftar di BEI)," *Jurnal Ekonomi dan Pariwisata*, vol. 14, no. 1, pp. 31–40, 2019.
  5. N. M. Rachman, A. Effendi, and E. Wicaksana, *Panduan Lengkap Perencanaan CSR*. Jakarta, 2011.
  6. Kementrian Lingkungan Hidup dan Kehutanan, "Program Penilaian Kinerja Perusahaan Dalam Pengelolaan Lingkungan," 2021.
  7. D. P. Suciwati and D. P. A. P. C. Ardina, "Pengaruh Corporate Social Responsibility Terhadap Kinerja Keuangan," *Jurnal Bisnis Dan Kewirausahaan*, vol. 12, no. 2, pp. 104–113, 2016.
  8. W. E. Parengkuan, "Pengaruh Corporate Social Responsibility (CSR) Terhadap Kinerja Keuangan Perusahaan Manufaktur yang Terdaftar Di Bursa Efek Indonesia Melalui Pojok Bursa FEB-Unsrat," *Jurnal EMBA*, vol. 5, no. 2, pp. 564–571, 2017.
  9. A. Meiyana and M. N. Aisyah, "Pengaruh Kinerja Lingkungan, Biaya Lingkungan, dan Ukuran Perusahaan Terhadap Kinerja Keuangan Dengan Corporate Social Responsibility Sebagai Variabel Intervening (Studi Empiris Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2014," *Jurnal Nominal*, vol. VIII, no. 1, pp. 1–18, 2019.
  10. N. A. Nasution and W. Sari, "Pengaruh Ukuran Perusahaan (Firm Size) dan Profitabilitas Terhadap Harga Saham Pada Perusahaan Manufaktur yang Terdaftar Di Bursa Efek Indonesia (BEI)," *Jurnal Akuntansi Bisnis & Publik*, vol. 11, no. 1, pp. 1–8, 2020.
  11. S. Sugiyono, *Metode Penelitian Kuantitatif, Kualitatif & RnD*. Bandung, 2017.
  12. A. P. Caesari, A. K. Irwanto, and M. Syamsun, "Analisis Pengaruh Corporate Governance, Corporate Social Responsibility, dan Corporate Financial Performance terhadap Perusahaan Indeks Kompas100," *Jurnal Sains Terapan*, vol. 5, no. 1, pp. 74–85, 2015.
  13. W. A. Sari, S. R. Handayani, and N. F. Nuzula, "Pengaruh Corporate Social Responsibility Terhadap Kinerja Keuangan dan Nilai Perusahaan (Studi Komparatif pada Perusahaan Multinasional yang Terdaftar di Bursa Efek Indonesia dan Bursa Malaysia Tahun 2012-2015)," *Jurnal Administrasi Bisnis*, vol. 39, no. 2, pp. 74–83, 2016.
  14. S. Magdalena, I. Yuningsih, and I. A. Lahaya, "Pengaruh Firm Size Dan Good Corporate Governance Serta Corporate Social Responsibility Terhadap Kinerja Keuangan Pada Bank Umum Syariah Di Indonesia," *Jurnal Ekonomi Syariah*, vol. 5, no. 2, pp. 221–238, 2017.
  15. N. L. E. I. Septiadi, "Pengaruh Kinerja Lingkungan, Biaya Lingkungan, dan Luas Pengungkapan Corporate Social Responsibility Terhadap Kinerja Keuangan Perusahaan," *Jurnal Akuntansi Profesi*, vol. 6, no. 1, pp. 21–25, 2016.
  16. A. S. Nurhuda and T. Suwarti, "Analisis Pengaruh Corporate Social Responsibility, Intellectual Capital, dan Kinerja Lingkungan Terhadap Kinerja Keuangan Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia," *Jurnal Prosiding Seminar Nasional Multi Disiplin Ilmu & Call For Papers Unisbank*, pp. 1–11, 2016.

Downloads

Download data is not yet available.