VALUE RELEVANCE OF CORPORATE SOCIAL RESPONSIBILITY REPORTING: EMPIRICAL STUDY FROM LISTED INDONESIAN ENVIRONMENTALLY SENSITIVE COMPANIES | ELECTRONIC THESES AND DISSERTATION

Electronic Theses and Dissertation

Universitas Syiah Kuala

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VALUE RELEVANCE OF CORPORATE SOCIAL RESPONSIBILITY REPORTING: EMPIRICAL STUDY FROM LISTED INDONESIAN ENVIRONMENTALLY SENSITIVE COMPANIES


Pengarang

Nurul Lidia Zahara - Personal Name;

Dosen Pembimbing



Nomor Pokok Mahasiswa

1301103040013

Fakultas & Prodi

Fakultas / / PDDIKTI :

Penerbit

Banda Aceh : FAKULTAS EKONOMI BISNIS UNIVERSITAS SYIAH KUALA., 2017

Bahasa

Indonesia

No Classification

1

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This study aims to investigate the association between share price and CorporateSocial Responsibility (CSR) disclosure of Indonesian environmentally sensitive companies for the year 2013-2016the data consist of 60 firm-year observations. The data is gathered from CSR indicators suggested by IFAC (2012). Data derived from stand-alone sustainability report published by the company. Using Ohlson (1995) valuation model, the results suggests a positive association between share price and CSR disclosure simultaneously and partially. The strongest factor affecting the share price is governance factors followed by environmental and social factors.

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