The Awareness of the Indonesian Market Toward the Corporate Social Responsibility of a Company
The existence of CSR institutions and associations coherent with several laws and regulations concerning CSR applied in Indonesia indicates that Indonesia gives more attention to the importance of CSR. The increasing number of parties who appreciate CSR performance also motivates companies to commit...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Universitas Ahmad Dahlan
2022-03-01
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| Series: | Jurnal Reksa |
| Subjects: | |
| Online Access: | http://journal2.uad.ac.id/index.php/reksa/article/view/5753 |
| _version_ | 1797280979896762368 |
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| author | Rintan Nuzul Ainy Alia Ariesanti |
| author_facet | Rintan Nuzul Ainy Alia Ariesanti |
| author_sort | Rintan Nuzul Ainy |
| collection | DOAJ |
| description | The existence of CSR institutions and associations coherent with several laws and regulations concerning CSR applied in Indonesia indicates that Indonesia gives more attention to the importance of CSR. The increasing number of parties who appreciate CSR performance also motivates companies to commit to implementing CSR. However, the next question is related to whether the public (market) responds to the efforts of the government, companies, and all parties involved in the progress of CSR in Indonesia or not. Specifically, the question lingers around whether the Indonesian market is aware of the importance of CSR or not. Departing from the two questions, the study aims to determine the response of the Indonesian market after the CSR-related information has been identified since market responses will show awareness of the importance of CSR. The data that have been used in the study are the secondary ones and include the stock prices that come from 5 days before and 5 days after the announcement of the Indonesia Sustainability Reporting Award (ISRA) 2017 and 2018. The hypothesis test results show no differences in stock prices between 5 days before and 5 days after the announcement of the ISRA award. On the contrary, the hypothesis test results show that the Indonesian market has not responded to CSR information of a company. The reason is that the Indonesian market does not consider CSR information relevant for investment decision making. |
| first_indexed | 2024-03-07T16:49:55Z |
| format | Article |
| id | doaj.art-35543cb60c0848a8b9aa9b95e7f4e0a5 |
| institution | Directory Open Access Journal |
| issn | 2089-6581 2614-3720 |
| language | English |
| last_indexed | 2024-03-07T16:49:55Z |
| publishDate | 2022-03-01 |
| publisher | Universitas Ahmad Dahlan |
| record_format | Article |
| series | Jurnal Reksa |
| spelling | doaj.art-35543cb60c0848a8b9aa9b95e7f4e0a52024-03-03T05:33:18ZengUniversitas Ahmad DahlanJurnal Reksa2089-65812614-37202022-03-0191111610.12928/jreksa.v9i1.57534772The Awareness of the Indonesian Market Toward the Corporate Social Responsibility of a CompanyRintan Nuzul Ainy0Alia Ariesanti1Universitas Ahmad DahlanUniversitas Ahmad DahlanThe existence of CSR institutions and associations coherent with several laws and regulations concerning CSR applied in Indonesia indicates that Indonesia gives more attention to the importance of CSR. The increasing number of parties who appreciate CSR performance also motivates companies to commit to implementing CSR. However, the next question is related to whether the public (market) responds to the efforts of the government, companies, and all parties involved in the progress of CSR in Indonesia or not. Specifically, the question lingers around whether the Indonesian market is aware of the importance of CSR or not. Departing from the two questions, the study aims to determine the response of the Indonesian market after the CSR-related information has been identified since market responses will show awareness of the importance of CSR. The data that have been used in the study are the secondary ones and include the stock prices that come from 5 days before and 5 days after the announcement of the Indonesia Sustainability Reporting Award (ISRA) 2017 and 2018. The hypothesis test results show no differences in stock prices between 5 days before and 5 days after the announcement of the ISRA award. On the contrary, the hypothesis test results show that the Indonesian market has not responded to CSR information of a company. The reason is that the Indonesian market does not consider CSR information relevant for investment decision making.http://journal2.uad.ac.id/index.php/reksa/article/view/5753market responsecsrisra |
| spellingShingle | Rintan Nuzul Ainy Alia Ariesanti The Awareness of the Indonesian Market Toward the Corporate Social Responsibility of a Company Jurnal Reksa market response csr isra |
| title | The Awareness of the Indonesian Market Toward the Corporate Social Responsibility of a Company |
| title_full | The Awareness of the Indonesian Market Toward the Corporate Social Responsibility of a Company |
| title_fullStr | The Awareness of the Indonesian Market Toward the Corporate Social Responsibility of a Company |
| title_full_unstemmed | The Awareness of the Indonesian Market Toward the Corporate Social Responsibility of a Company |
| title_short | The Awareness of the Indonesian Market Toward the Corporate Social Responsibility of a Company |
| title_sort | awareness of the indonesian market toward the corporate social responsibility of a company |
| topic | market response csr isra |
| url | http://journal2.uad.ac.id/index.php/reksa/article/view/5753 |
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