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THE INFLUENCE OF SHAREHOLDING, FINANCIAL PERFORMANCE, AND THE SIZE OF COMPANY TO THE DISCLOSURE OF CORPORATE SOCIAL RESPONSIBILITY
Empirical Studies on manufacturing companies listed in IDX in 2012-2014 UNIVERSITAS MUHAMMADIYAH SURAKARTA
ABSTRAK
Penelitian ini bertujuan untuk megetahui pengaruh kepemilikan saham asing, kepemilikan saham publik, leverage profitabilitas, dan ukuran perusahaan terhadap pengungkapan corporate social responsibility. Populasi yang digunakan adalah
perusahaan yang terdaftar di Bursa Efek Indonesia selama tahun 2012- 2014. Penelitian ini menggunakan metode purposive sampling
. Analisis data yang digunakan adalah analisis regresi berganda. Hasil dari penelitian ini menunjukkan bahwa: 1 ukuran perusahaan berpengaruh terhadap pengungkapan corporate social responsibility 2 kepemilikan saham
asing tidak berpengaruh terhadap corporate social responsibility 3 kepemilikan saham publik tidak berpengaruh terhadap corporate social responsibility
4 leverage tidak berpengaruh terhadap corporate social responsibility 5 profitabilitas tidak berpengaruh terhadap corporate social responsibility.
Keywords: kepemilikan saham asing, kepemilikan saham publik,
leverage
, pengungkapan
corporate social responsibility
, profitabilitas, ukuran perusahaan
ABSTRACT
This study is aimed to examine the effect of foreign shareholding, public shareholding, leverage, profitability, and firm size on the disclosure of corporate social responsibility. The population used companies listed in Indonesian Stock
Exchange during the years 2012-2014. This research is using purposive sampling technique. Analysis technique is use multiple regression analysis. The result of this study shows that: 1 firm size has an influence on the corporate social
responsibility disclosure 2 foreign shareholding has no effect on the the corporate social responsibility disclosure, 3 public shareholding has no effect on the the corporate social responsibility disclosure, 4 leverage has no effect on the
the corporate social responsibility disclosure, and 5 profitability has no effect on the the corporate social responsibility disclosure.
Keywords : foreign shareholding, public shareholding, leverage, the disclosure of corporate social responsibility, profitability, firm size
1. INTRODUCTION
The revolution gave a great impact for the community, social, and environmental. In addition to quality improvement and quality of life of the community, the industry also gave birth to the laborers and damage the
environment such as air pollution, factory waste and exploitation of the results of an excessive nature. The exploitation of natural resources and social communities uncontrollably can result in damage to the natural
environment and ultimately interfere with human life. This triggered companies to undertake social responsibility to the community.
Corporate Social Responsibility CSR according to Lawrence and Weber 2006: 49 is explained as follows:
”… Corporate Social Responsibility CSR means that a corporation should act in away that enchances society and its inhabitants and be held accountable for any of its actions that affect people, theit communities, and their
environment It means the company must act in a manner upholding the values of the society andis responsible for every act
of the company affecting the people, communities and the environment. Elkington in the Dewi and Keni 2013 Pack the CSR within three focus 3 p profit, planet and people. Good companies do not only hunt down economic
profit profit, but also has concern for environmental sustainability planet and the welfare of society people. Social responsibility is intended to create a reciprocal relationship of mutually synergistic between companies with
communities and the surrounding environment.
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In Indonesia, the practice of social responsibility disclosure is governed by Indonesian Institut of Accountant in the statement of financial accounting standards PSAK No. 1 revised 2013 stating the company may also present
additional reports such as the report on the environment and reports added value value added statement, particularly for industries where environmental factors play an important role and for the industry that considers
employees as a group of users report that play an important role. CSR implementation obligations are also regulated in UU No. 25 tahun 2007 about Investing. In article 15b show that each investor shall be obliged to carry out
corporate social responsibility. But now a new regulation has been published which is a mandate of law No. 40 tahun 2007 section 74 subsection 4 that the Government Regulation No. 47 tahun 2012 that was published in April
2012. In article 3 paragraph 1 States the CSR into a liability for the company that runs the business activities in the field and or related to natural resources. On paragraph 2 explained that the CSR obligations undertaken both within
and outside of the companys environment. On article 6 was explained that the implementation of social and environmental responsibility is contained in the annual report of the company and accountable to the General
Meeting of Shareholders. According to Kottler and Lee 2005 there are six business benefits that can be gained of companies do CSR,
namely 1 to increase the influence of the brand image of the company; 2 improve market share and sales; 3 strengthen brand positioning;4 increase the companys ability to obtain, motivating, and retaining the loyalty ofthe
workers; 5 the decrease in operating expenses; and 6 improving the attractiveness of investors, creditors, and financial analysis, Lako 2011: 72. According to Hadi and Sabeni in Karina 2013 are one of the factors that
influence broad disclosure of a companys annual report is the base of the company. The companys base can be seen from the ownership of its shares. Puspitasari in Karina 2013 holds a company that has had foreign investors
in the companys operations in Indonesia has sufficient technological skill, a good employee, a vast information network so as to allow doing disclosure widely. Share ownership of the public also affects the activity and the
circumstances of the company as one of the shareholders. The higher the ratio of public ownership in the levelcompany made possible will do more extensive disclosure.
Profitability is the factor that makes the management of be free and flexible social responsibility to disclose to shareholders. High profitability will encourage companies to provide more detailed information including freedom
and discretion to demonstrate and account for the entire social program to assure profitability to investors the Dewi and Keni, 2013. Research conducted by Santioso and Chandra 2012, the Dewi and Keni 2013, Oktariani
and Mimba 2014 States the profitability impact of CSR disclosure while the Nur and Priantinah 2012 that shows the results of that profitability had no effect against the disclosure of CSR.
Leverage is used to look at the ability of the company to complete all its obligationsto the other party. The high degree of leverage is also pushing the company to domore extensive disclosure of information. The results of
research conducted by Nur and Priantinah 2012, Oktariani and Mimba 2014, Astuti 2015 stated that the leverage effect on Corporate social responsibility disclosure while research Santioso and Chandra 2012, the Dewi
and Keni 2013 which suggests that leverage has no effect against the disclosure of Corporate Social Responsibility. The size of the company are divided into three categories, namely large firm, medium firmn and small firm.
Companies with large categories are doing more activities giving rise to a great impacts to the environment. The company is required to disclose corporate information and easily accessible by the public. The results of the
research conducted and Chandra Santioso 2012, Nur and Priantinah 2012, the Dewi and Keni 2013, Astuti 2015 stated there is a relationship between the size of the company with disclosure of CSR. In contrast to research
conducted by Oktariani and Mimba 2014 which shows the results of that company size is not proven effect on disclosure of Corporate Social Responsibility.
From the explanation above, note that the disclosure of corporate responsibility for the environment was indeed need to do. The research results differ from previous research makes the author want to conduct research related to
the influence of Shareholder returns, financial performance, and the size of the company to the disclosure of Corporate Social Responsibility Empirical Studies on manufacturing companies registered in BEI in 2012-2014.
2. THE STUDY OF LITERATURE AND DEVELOPMENT OF HYPOTHESIS
