HUBUNGAN UKURAN PERUSAHAAN, PROFITABILITAS, INTERNASIONALISASI, PENGELUARAN CSR DENGAN KINERJA PERUSAHAAN

Abstract

This study has two objectives. The first objective is to provide empirical evidence whether company size, profitability, and internationalization relate to its CSR expenditure. The second one is to test whether company’s CSR expenditure correlate with company’s performance. Samples are manufacturing companies listed in Indonesian Stock Exchange. Sampled companies are those listed from 2010 to 2019 and report their CSR expenditure in the annual report. In total 341 samples are used. The findings suggest that firm size and profitability positively and statistically significant relate to CSR expenditure while, on the contrary, internalization negatively correlate with the CSR spending. Second, CSR expenditure positively and statistically significant relate to firm’s future performance. The practical implication of these findings is that CSR expenditure is related to firm’s financial performance and that current expenditure may signal future performance. Keywords; firm size; profitability; internasionalization; CSR expenditure; firm performance