Corporate Social Responsibility, Banking Financial Performance and Financial Distress during the Covid-19 Pandemic

The purpose of this study was to obtain empirical evidence of the influence of Corporate Social Responsibility (CSR) on financial performance of banking companies during the Covid-19 pandemic and the role of financial distress as a moderating variable in this relationship is also examined. In this study, financial performance is measured using Return on Assets (ROA). The sample used in this study are banking companies listed on the Indonesia Stock Exchange (IDX) in 2020 and 2021. The sample selection method used is purposive sampling. The analysis technique used is Moderated Regression Analysis (MRA) using SPSS version 25 software. This research showed that CSR has no significant effect on banking financial performance during the Covid-19 pandemic. Financial distress which is used as moderating variable has no significant effect on the relationship between CSR and finacial performance during the Covid-19 pandemic. This study extends the previous literature by discovering the true nature of CSR as an investment in the future.