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Table 4.1 below presents the sample selection process based on established criteria:
Table 4.1 Sample Selection
No. Explanation
Number 1.
Population 33
2.
Offense of first criteria: Companies have not published annual report
period 2009 – 2011
10
3.
Offense of second criteria: Companies that didn’t reveal corporate social
reporting activity in annual report during the research period
4.
Offense of third criteria: Companies
that have been “delisted”
5.
Offense of fourth criteria: Companies have negative ROE during research
period 7
6.
Offense of fifth criteria: The annual report doesn’t use Indonesia language
or English language. 7.
Total Sample of Companies 16
8. Observation Years
3 Total Sample Used in This Research
48
Source : Fact Book 2010 - 2012
2. Description of Selected Companies’ Sample
Sample selection is done by purposive judgment sampling namely take a sample of the obtained information with using certain criteria.
Samples selected for the company that presents the data required in this
study, such as board size, company size, profitability positive ROE,
leverage and published annual report period 2009 – 2011 to see the
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dislcosure of CSR. The following companies are chosen as the study sample was as follows:
Table 4.2 List of Companies’ Sample
3
Source : Fact Book 2010 – 2012
Table 4.3 below, can be seen that selected sample is spread randomly and represent each of sub sector on 4 sub sector. The most
representing company in this research is coal mining sub sector as many as 7 companies 43,75.
No Code
Company Name
1. ADRO
Adaro Energy Tbk 2.
BYAN Bayan Resource Tbk
3. BUMI
Bumi Resource Tbk 4.
ITMG Indo Tambangraya Megah Tbk
5. PTRO
Petrosea Tbk 6.
KKGI Resource Alam Indonesia Tbk
7. PTBA
Tambang Batubara Bukit Asam Tbk 8.
ELSA Elnusa Tbk
9. MEDC
Medco Energi Internasional Tbk 10.
RUIS Radiant Utama Interinsco Tbk
11. ANTM
Aneka Tambang Persero Tbk 12.
CITA Cita Mineral Investindo Tbk
13. INCO
Intr Nickel Ina Tbk Vale Ina Tbk 14.
TINS Timah Persero Tbk
15. CTTH
Citatah Industri Marmer Tbk 16.
MITI Mitra Investindo Tbk
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Table 4.3 Distribution of Sample According to Sub Sector
Source: Processed Data
B. Analysis and Discussion
1. Descriptive Statistics Analysis
In this study, the corporate social responsibility reporting consist of 6 themes involve environment, community, energy, employee, product and
others with the total amount of CSR reporting items are 48. Then, independent variables in this study are 4 variables used as predictor in this
study namely board size board of commissioner, company size log of total asset, profitability ROE and leverage DER. Description of
research variables are as follow:
Number of Sub Sector
Sub Sector Frequency
Percentage
21 Coal Mining
7 43,75
22 Crude
Petroleum Natural Gas
Production 3
18,75
23 Metal and
Mineral Mining
4 25,00
24 LandStone
Quarrying 2
12,50
Total 16
100
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Table 4.4 Descriptive Statistics
Statistics
CSR_Reporting Board_Size Company_Size
Profitability Leverage
N Valid
48 48
48 48
48 Missing
Mean ,6863
5,2500 12,6193
,2322 1,3306
Std. Deviation ,11547
1,89624 ,80794
,15646 1,10538
Minimum ,46
2,00 11,04
,01 ,21
Maximum ,90
10,00 13,90
,68 5,26
Sum 32,94
252,00 605,73
11,14 63,87
Source: Secondary Data Output from SPSS 20.0 Table 4.4 above describes the variables used in this study
consisting of CSR reporting CSR reporting_index, board size board of commissioner, company size log total assets, profitability ROA, and
Leverage DER. CSR reporting variable is measured by CSR reporting_index with
using 48 items of disclosure and obtained a mean is 0,6863 or 68,63. Its means that in three period in the annual report, the company has revealed
as much as 68,63 or about 32 to 33 items in the annual report on corporate social reporting conducted. Then, the minimum value of total
CSR disclosure is 0,46 or 46 is owned by PT. Citatah Industri Marmer Tbk 31 disclosure and the maximum value of total CSR reporting is 0,90
or 90 is owned by PT. Aneka Tambang Persero Tbk 60 disclosure, as well as having a relatively small standard deviation namely 0,11547 or
11,55.
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Then, board size variable shows the minimum value of total assets is 2 for PT Cita Mineral Investindo Tbk year 2009-2011 and the maximum
value is 10 for PT. International Nickel Indonesia Tbk year 2009 – 2010,
as well as having a mean is 5,25 and the standard deviation is 1.89624 which is lower than mean value, indicating that data have low deviation
which means the data is distributed normally. The results of the analysis using descriptive statistic on company
size variable that proxied by total assets log total asset shows a mean is 12,62. The minimum value of total assets is 11,04 for PT. Mitra Investindo
Tbk year 2009 and the maximum value is 13,90 for PT. Bumi Resources Tbk year 2010, as well as having a relatively small standard deviation
namely 0,80794. It shows that companies have total assets are large enough where the mean is almost close to the maximum value.
The results of the analysis using descriptive statistic on profitability variable that measured by return on equity ROE shows a mean is 0,2322
or 23,22. The minimum value of ROE is 0,01 or 1 for PT. Citatah Industri Marmer Tbk year 2011 and the maximum value is 0,68 or 68 for
PT. Resource Alam Indonesia Tbk year 2011, as well as having a relatively small standard deviation namely 0,15646 or 15,646. This
suggests that companies have a relatively small ROE because the mean value is quite far from the maximum value.
Afterward, the results of the analysis using descriptive statistic on leverage variable that measured by Debt to Equity Ratio DER shows a
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mean is 1,3306 or 133,06. The minimum value of DER 0,21 or 21 for PT. Aneka Tambang Persero Tbk year 2009 and the maximum value is
5,26 or 526 for PT. Bumi Resources Tbk year 2011, as well as having a relatively small standard deviation namely 1,10538 or 110,538. It shows
that companies have a relatively small DER because the mean value is quite far from the maximum value.
2. Normality Test
