Optimization of Monetary Corporate Social Responsibility Value Added in Reducing Financial Distress in Indonesia
This study tried to investigate about a form of solution model and new empirical evidence which is not only related to how the effect of the application of Corporate Social Responsibility (CSR) to improve financial performance but also the measurement of benefits and costs of CSR activities as corp...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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EconJournals
2017-04-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | https://econjournals.com/index.php/ijefi/article/view/4192 |
| _version_ | 1797911819559370752 |
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| author | Nila Tristiarini Yulita Setiawanta Ririh Dian Pratiwi |
| author_facet | Nila Tristiarini Yulita Setiawanta Ririh Dian Pratiwi |
| author_sort | Nila Tristiarini |
| collection | DOAJ |
| description |
This study tried to investigate about a form of solution model and new empirical evidence which is not only related to how the effect of the application of Corporate Social Responsibility (CSR) to improve financial performance but also the measurement of benefits and costs of CSR activities as corporate strategy that allows to reduce financial distress so as to improve the financial performance of the company. The study sample was the whole companies which are included in the SRI-KEHATI index in 2009 to 2015, a total sample of 175 companies. This study used analysis tools SEM with a 3.00 version WarpPLS program to test the hypothesis. Outcomes of this research is that company can determine the optimization of CSR in terms of benefits and costs so that it can be used as a strategy for policy making in implementing CSR activities that can have positive implications on the sustainability of the company.
Keywords: Corporate Social Responsibility, Financial Distress Reduction, Financial Performance, Financial Risk Management
JEL Classifications: G1, G3, M4
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| first_indexed | 2024-04-10T11:47:48Z |
| format | Article |
| id | doaj.art-ec8b601f021c418cb5590265b72584e1 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T11:47:48Z |
| publishDate | 2017-04-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-ec8b601f021c418cb5590265b72584e12023-02-15T16:17:18ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382017-04-0172Optimization of Monetary Corporate Social Responsibility Value Added in Reducing Financial Distress in IndonesiaNila Tristiarini0Yulita SetiawantaRirih Dian PratiwiFaculty of Economics and Business, Dian Nuswantoro University, Semarang – Indonesia This study tried to investigate about a form of solution model and new empirical evidence which is not only related to how the effect of the application of Corporate Social Responsibility (CSR) to improve financial performance but also the measurement of benefits and costs of CSR activities as corporate strategy that allows to reduce financial distress so as to improve the financial performance of the company. The study sample was the whole companies which are included in the SRI-KEHATI index in 2009 to 2015, a total sample of 175 companies. This study used analysis tools SEM with a 3.00 version WarpPLS program to test the hypothesis. Outcomes of this research is that company can determine the optimization of CSR in terms of benefits and costs so that it can be used as a strategy for policy making in implementing CSR activities that can have positive implications on the sustainability of the company. Keywords: Corporate Social Responsibility, Financial Distress Reduction, Financial Performance, Financial Risk Management JEL Classifications: G1, G3, M4 https://econjournals.com/index.php/ijefi/article/view/4192 |
| spellingShingle | Nila Tristiarini Yulita Setiawanta Ririh Dian Pratiwi Optimization of Monetary Corporate Social Responsibility Value Added in Reducing Financial Distress in Indonesia International Journal of Economics and Financial Issues |
| title | Optimization of Monetary Corporate Social Responsibility Value Added in Reducing Financial Distress in Indonesia |
| title_full | Optimization of Monetary Corporate Social Responsibility Value Added in Reducing Financial Distress in Indonesia |
| title_fullStr | Optimization of Monetary Corporate Social Responsibility Value Added in Reducing Financial Distress in Indonesia |
| title_full_unstemmed | Optimization of Monetary Corporate Social Responsibility Value Added in Reducing Financial Distress in Indonesia |
| title_short | Optimization of Monetary Corporate Social Responsibility Value Added in Reducing Financial Distress in Indonesia |
| title_sort | optimization of monetary corporate social responsibility value added in reducing financial distress in indonesia |
| url | https://econjournals.com/index.php/ijefi/article/view/4192 |
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