KINERJA LINGKUNGAN TERHADAP RETURN ON ASSET MELALUI
CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE
Jurusan Akuntansi Fakultas Ekonomi Universitas Negeri Malang
Jl. Semarang 5 Malang
Korespondensi dengan Penulis:
Nurika Restuningdiah: Telp. +62 341 551 312
The purpose of this research was to examine the impact of environmental performance to Corporate Social Responsibility (CSR) disclosure, the impact of CSR disclosure to Return on Asset, and the undirect impact of of environmental performance to Return on Asset through CSR disclosure. Path Analysis of 18 public companies listed in Indonesia Stock Exchange and participated in the Proper Program from 2007 -2008 through a judgment sampling technique indicated that environmental performance had a positive effect to Corporate Social Responsibility (CSR) disclosure. The CSR disclosure had the positive impact to Return on Asset, but the environmental performance had a negative effect to Return on Asset. This study also showed that there was positive undirect impact of environmental performance to Return on Asset through CSR disclosure. The implication of this study was relevant for public companies to publish their environmental performance on their annual report (CSR Disclosure) in order to give the “good news” to the public, and get the “good image” to increase sales.
Key words: environmental performance, Corporate Social Responsibility Disclosure, return on Asset