Pengaruh Corporate Social Responsibility, Debt Financing, Dan Earnings Management Terhadap Growth
Main Article Content
Abstract
The main purpose of this research is to determine the effects of corporate social responsibility, debt financing, and earnings management on companies within the manufacturing industry that is listed on the Indonesian Stock Exchange within the the time period of 2017-2019. The sampling method utilized in this research is the purposive sampling method, with this method, 37 companies fulfilled the predetermined research requirements. Data is obtained from annual reports for the year ended December 31st during 2017-2019. The analysis tool that will be used to analyze the hypotheses with multiple linear regression models is the Eview 9.0 software. The results for this research showed that corporate social responsibility has a negative but not significant effect, debt financing has a positive but not significant effect, and earnings management had a negative and significant effect on firm growth.
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
This work is licensed under a Jurnal Komunikasi Creative Commons Attribution-ShareAlike 4.0 International License.
References
Ahn, S. Y., & Park, D. J. (2018). Corporate social responsibility and corporate longevity: The mediating role of social capital and moral legitimacy in Korea. Journal of Business Ethics, 150(1), 117-134.
Allen, M. W., & Craig, C. A. (2016). Rethinking corporate social responsibility in the age of climate change: a communication perspective. International Journal of Corporate Social Responsibility, 1(1), 1-11.
Anton, S. G. (2016). The impact of leverage on firm growth. Empirical evidence from Romanian listed firms. Review of Economic and Business Studies, 9(2), 147-158.
Ariani, M., & Hasymi, M. (2018). Pengaruh Profitabilitas, Likuiditas, Leverage, Size, Dan Capital Intensity Ratio Terhadap Effective Tax Rate (Etr) (Studi Kasus Pada Perusahaan Manufaktur Yang Listing Di Bursa Efek Indonesia 2012-2016). Profita, 11(3), 452-463.
Arsić, S., Stojanović, A., & Mihajlović, I. (2017). The most important dimensions of Corporate Social Responsibility. In International May Conference on Strategic Management (Vol. 17, pp. 318-336).
Bendickson, J., Muldoon, J., Liguori, E. W., & Davis, P. E. (2016). Agency theory: background and epistemology. Journal of Management History.
Dwiwinarno, T., & Widagdo, A. K. (2017). Corporate social responsibility and corporate governance in Indonesian public listed companies. In SHS Web of Conferences (Vol. 34, pp. 1-11).
Farichah, F. (2017). Relationship of earnings management and earnings quality before and after IFRS implementation in Indonesia.
Fordham, A. E., & Robinson, G. M. (2019). Identifying the social values driving corporate social responsibility. Sustainability Science, 14(5), 1409-1424.
Fuertes-Callen, Y., & Cuellar-Fernandez, B. (2019). Inter-relationship between firm growth and profitability in a context of economic crisis. Journal of Business Economics and Management, 20(1), 86-106.
Hadya, R., Begawati, N., & Yusra, I. (2018). Analisis Efektivitas Pengendalian Biaya, Perputaran Modal Kerja, dan Rentabilitas Ekonomi Menggunakan Regresi Data Panel. Jurnal Pundi, 1(3).
Hamouri, B., Al-Rdaydeh, M., & Ghazalat, A. (2018). Effect of financial leverage on firm growth: Empirical evidence from listed firms in Amman stock exchange. Investment Management and Financial Innovations, 15(2), 154-164.
Harrison, J. S., Freeman, R. E., & Abreu, M. C. S. D. (2015). Stakeholder theory as an ethical approach to effective management: Applying the theory to multiple contexts. Revista brasileira de gestão de negócios, 17(55), 858-869.
J, Frost "How to Interpret a Regression Model with Low R-squared and Low P values" The Minitab Blog, Juni 12, 2014, https://blog.minitab.com/blog/adventures-in-statistics-2/how-to-interpret-a-regression-model-with-low-r-squared-and-low-p-values, December 18, 2020
Kamil, F., & Hapsari, D. W. (2014). Pengaruh Manajemen Laba Terhadap Nilai Perusahaan Dengan Mekanisme Corporate Governance Sebagai Variabel Pemoderasi. eProceedings of Management, 1(3).
Khasawneh, A. Y., & Dasouqi, Q. A. (2017). Sales nationality and debt financing impact on firm’s performance and risk. EuroMed Journal of Business.
Khaw, K. L. H. (2019). Debt financing puzzle and internationalization. Journal of Asia Business Studies.
Khuong, N. V., Ha, N. T. T., & Thu, P. A. (2019). The Relationship between Real Earnings Management and Firm Performance: The Case of Energy Firms in Vietnam. International Journal of Energy Economics and Policy, 9(2), 307-314.
Machado, H. P. V. (2016). Growth of small businesses: a literature review and perspectives of studies. Gestão & Produção, 23(2), 419-432.
Mangala, D. (2017). Earnings management through accruals: A diagnostic analysis of indian corporate sector. Asian Journal of Management, 8(3), 389-394.
Meidiawati, K., & Mildawati, T. (2016). Pengaruh size, growth, profitabilitas, struktur modal, kebijakan dividen terhadap nilai perusahaan. Jurnal Ilmu dan Riset Akuntansi (JIRA), 5(2).
Miller, Terrin. “Debt Financing: Definition and Examples” The Street, April 3, 2019, https://www.thestreet.com/personal-finance/debt-financing-14913324, November 11, 2020
Oktavina, M., Manalu, S., & Yuniarti, S. (2018). Pecking order and trade-off theory in capital structure analysis of family firms in Indonesia. Jurnal Keuangan dan Perbankan, 22(1), 73-82.
Park, S. Y. (2016). The effect of short-term debt on accrual based earnings management and real earnings management. Journal of Applied Business Research (JABR), 32(4), 1287-1300.
Przepiorka, W., & Berger, J. (2017). Signaling theory evolving: Signals and signs of trustworthiness in social exchange. Social Dilemmas, Institutions and the Evolution of Cooperation. Berlin: De Gruyter Oldenbourg, 373-392.
Purnaningsih, D. (2018). Pengaruh Corporate Social Responsibility Terhadap Kinerja Keuangan Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia (BEI).
Putri, Dwi Septiandini. "Penerapan Metode Regresi Data Panel dengan R" Medium, Juli 15, 2020, https://medium.com/@17611055/penerapan-metode-regresi-data-panel-dengan-r-ad31d220b87a, November 25, 2020
Rahimipour, A. (2017). Investigating the Validity of Signaling Theory in the Tehran Stock Exchange: Using Real Earnings Management, Accrual-Based Earnings Management and Firm Growth. International Journal of Economic Perspectives, 11(3).