ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI PENGUNGKAPAN TANGGUNG JAWAB SOSIAL (CSR DISCLOSURE) PERUSAHAAN SERTA PENGARUHNYA TERHADAP RESPON PASAR ATAS LABA PERUSAHAAN (EARNINGS RESPONSE COEFFICIENT)

Abstract

This study aims to examine the effect  of factors which include company
size, leverage, management ownership, board of commissioners, profile, and
profitability to CSR disclosure. In addition, this study also examines the effect of disclosure of CSR (Corporate Social Responsibility) to the ERC (Earnings Response Coefficient). The population of this research was all manufacturing companies listed on the Indonesia Stock Exchange in 2011-2012. This study used purposive sampling method and obtained a sample of 130 companies. The analysis technique used in this study is a multiple linear regression analysis.

The results show that the board of commissioners has a positive effect on
CSR  disclosure. In contrast, the variable size of the company, management
ownership, leverage, profile, and profitability does not affect  to the disclosure of CSR. The test results also indicate that the variable CSR negatively affect Earnings Response Coefficients (ERC).

Keywords:  Corporate Social Responsibility, firm size, leverage, management
ownership, board of commissioners, profile, profitability, Earnings
Response Coefficient