Peran Third Party Assurance, CSR dan Kinerja Keuangan: Financial Leverage sebagai Efek Moderasi

Authors

  • Rizka Yulia Shafira FEB Universitas Diponegoro Magister Manajemen
  • Hersugondo Universitas Diponegoro

DOI:

10.33395/owner.v7i2.1389

Abstract

The study aims to examine the mediating effect of third party assurance (TPA) and the moderating effect of financial leverage in corporate social responsibility (CSR) on the relationship between financial performance in the manufacturing industry in Indonesia. The research was conducted on manufacturing companies listed on the IDX in 2018-2020. The analytical method used is panel data regression analysis method and moderation regression model. The results of the study show that CSR has a positive effect on financial performance. TPA has a negative effect on financial performance and does not mediate the relationship between CSR and financial performance. Financial leverage is not significant with financial performance, but moderates the relationship between CSR and financial performance in pure moderation. Then, financial leverage is not significant with TPA, but it can moderate the relationship between CSR and TPA in pure moderation.

Downloads

Download data is not yet available.

        Plum-X Analityc

References

Akisik, O. and Gal, G. (2017). The impact of corporate social responsibility and internal controls on stakeholders’ view of the firm and financial performance. Sustainability Accounting, Management and Policy Journal, Vol. 8 No. 3, pp. 246-280, available at: https://doi.org/10.1108/SAMPJ-06-2015-0044

Dewi, N.P., Yudianti, F.N. dan Anggraini R.R (2019). Kualitas assurance statement atas sustainability reports. Jurnal Akuntansi Bisnis, Vol.12 No.2, pp.148-171.

Geetika, T. and Shukla, A. (2017). “The relationship between corporate social responsibility and financial performance of Indian Banks”. The IUP Journal of Corporate Governance, Vol. 16 No. 2, pp. 39-53.

Global Reporting Initiative (GRI). (2013). Sustainability reporting guidelines. Amsterdam, The Netherlands: GRI.

Goela, U., Chadha, S. and Sharmaa, A.K. (2015). “Operating liquidity and financial leverage: evidence from Indian machinery industry”. Social and Behavioral Sciences, Vol. 189, pp. 344-350.

Gomes, S.F., Euge?nio, T.C.P. and Branco, M.C. (2015). “Sustainability reporting and assurance in Portugal”. Corporate Governance, Vol. 15 No. 3, pp. 281-292.

Hategan, C., Sirghi, N. and Hategan, V. (2018). “Doing well or doing good: the relationship between corporate social responsibility and profit in Romanian companies”. Sustainability, Vol. 10 No. 4, p. 1041, available at: https://doi:10.3390/su10041041

Hart, S.L. (1995). “A natural-resourced-based view of the firm”. Academy of Management Review, Vol. 20 No. 4, pp. 986-1014.

Leon, S. A. (2013). The impact of capital structure on financial performance of the listed manufacturing firms in sri lanka. Global Journal of Commerce and Management Perspective, 2(5), 56-62.

Maas, S., Schuster, T. and Hartmann, E. (2014). “Pollution prevention and service stewardship strategies in the third-party logistics industry: effects on firm differentiation and the moderating role of environmental communication”. Business Strategy and the Environment, Vol. 23 No. 1, pp. 38-55.

Malik, M. S., and Nadeem, M. (2014). Impact of corporate social responsibility on the financial performance of banks in pakistan. International Letters of Social and Humanistic Sciences, 21(9), 9-19.

Md Borhan, U.B. and Thi, H.N.N. (2019). “Impact of CSR on the cost of debt and cost of capital: Australian evidence”. Social Responsibility Journal, available at: https://doi.org/10.1108/ SRJ-08-2018-0208

Miko?ajek-Gocejna, M. (2016), “The relationship between corporate social responsibility and corporate financial performance-evidence from empirical studies”, Comparative Economic Research, Vol. 19 No. 4, pp. 67-84

Mwangi, L. W., Makau, M. S., and Kosimbei, G. (2014). Relationship between capital structure and performance of non-financial companies listed in the nairobi securities exchange, kenya. Global Journal of Contemporary Research in Accounting, Auditing and Business, 1(2), 72-90.

Maqbool, S. and Zameer, M.N. (2018). “Corporate social responsibility and financial performance: an empirical analysis of Indian banks”. Future Business Journal, Vol. 4 No. 1, pp. 84-93.

Rehman, S. S. (2013). Relationship between financial leverage and financial performance: Empirical evidence of listed sugar companies of pakistan. Global Journal of Management and Business Research Finance, 13(8), 32-40.

Sugiyono. (2018). Metode Penelitian Kuantitatif, Kualitatif Dan R&D. Cetakan ke Delapan. Alfabeta, CV. Bandung

UNDANG-UNDANG REPUBLIK INDONESIA NOMOR 40 TAHUN 2007 TENTANG PERSEROAN TERBATAS

United Nations (2013). “Global trends and challenges to sustainable development”. Available at: www. un.org/en/development/desa/policy/wess/wess_current (accessed 4 October 2016).

Vijita, S.A. and Aruna, J. (2019). “Pressures of CSR in India: an institutional perspective”. Journal of Strategy and Management, Vol. 12 No. 2, pp. 227-242, available at: https://doi.org/10.1108/JSMA-10-2018-0110

Weber, J.L. (2018). “Corporate social responsibility disclosure level, external assurance and cost of equity capital”. Journal of Financial Reporting and Accounting, Vol. 16 No. 4, pp. 694-724, available at: https://doi.org/10.1108/JFRA-12-2017-0112

Zeitun, R. and Saleh, A.S. (2015). “Dynamic performance, financial leverage and financial crisis: evidence from GCC countries”, EuroMed Journal of Business, Vol. 10 No. 2, pp. 147-162.

Published

2023-01-17

How to Cite

Shafira, R. Y. ., & Hersugondo, H. (2023). Peran Third Party Assurance, CSR dan Kinerja Keuangan: Financial Leverage sebagai Efek Moderasi. Owner : Riset Dan Jurnal Akuntansi, 7(2). https://doi.org/10.33395/owner.v7i2.1389