Electronic Theses and Dissertation

Abstrak penelitian ini bertujuan untuk menguji pengaruh corporate social responsibility (csr) dan kinerja lingkungan terhadap kinerja keuangan, dengan manajemen risiko sebagai variabel moderasi. penelitian ini dilakukan pada perusahaan sektor consumer non-cyclicals yang terdaftar di bursa efek indonesia (bei) selama periode 2021–2023, dengan total 315 observasi. data dianalisis menggunakan regresi linier berganda dan process macro dengan bantuan perangkat lunak spss. hasil penelitian menunjukkan bahwa csr tidak berpengaruh signifikan terhadap return on assets (roa) dan return on equity (roe). sebaliknya, kinerja lingkungan berpengaruh signifikan terhadap roa dan roe. lebih lanjut, manajemen risiko strategis terbukti memoderasi hubungan antara kinerja lingkungan dan roe, sedangkan manajemen risiko operasional tidak memoderasi hubungan antara csr dan kinerja keuangan atau antara kinerja lingkungan dan kinerja keuangan. temuan ini menyoroti pentingnya inisiatif lingkungan dalam meningkatkan hasil keuangan perusahaan sekaligus menggarisbawahi peran kondisional manajemen risiko strategis. penelitian ini berkontribusi pada perkembangan literatur tentang integrasi keberlanjutan dan manajemen risiko, khususnya di pasar negara berkembang. kata kunci: corporate social responsibility (csr), kinerja lingkungan, kinerja keuangan, manajemen risiko, regresi moderasi, indonesia

ABSTRACT This study aims to examine the effect of Corporate Social Responsibility (CSR) and environmental performance on financial performance, with risk management as a moderating variable. The research was conducted on consumer non-cyclicals sector companies listed on the Indonesia Stock Exchange (IDX) during the 2021– 2023 period, with a total of 315 observations. Data were analyzed using multiple linear regression and PROCESS Macro with the assistance of SPSS software. Theresults show that CSR has no significant effect on both Return on Assets (ROA) andReturn on Equity (ROE). In contrast, environmental performance has a significant effect on both ROA and ROE. Furthermore, strategic risk management was found to moderate the relationship between environmental performance and ROE, whereas operational risk management did not moderate the relationship betweenCSR and financial performance or between environmental performance and financial performance. These findings highlight the importance of environmentalinitiatives in enhancing corporate financial outcomes while underlining theconditional role of strategic risk management. The study contributes to the growingliterature on the integration of sustainability and risk management, particularly inemerging markets. Keywords: Corporate Social Responsibility (CSR), Environmental Performance, Financial Performance, Risk Management, Moderated Regression, Indonesia