Company Characteristic Analysis on Implementation of Green Business in Food and Beverage’s Companies Listed in Indonesian Stock Exchange

Companies can do many business opportunities that drive the growth rate of the country’s economy. But on the other side of the rate of economic growth, visible social gap and environmental damage occurred. Therefore, the company must run its operations by not only focus on the interests of the company (shareholder), but also look at the social and environmental interests (stakeholder) by implementing green business which is the application of corporate social responsibility (CSR). This study aims to determine the effect of profitability, leverage, and growth on corporate social responsibility disclosure (CSRD) or disclosure of the implementation of green business of food and beverage companies listed on the Indonesia Stock Exchange (BEI) 2013 to 2015 which is the population of this study. This group of companies is taken as the object of research because in those years the group of companies continues to experience growth and contribute the largest to gross domestic product (GDP) compared to other groups of companies. This research can be input for many other companies how condition on CSRD in food and beverage condition seen from financial factors. The type of research is descriptive quantitative with hypothesis testing and causal method. The result of this research proves that profitability variable with return on assets (ROA) indicator influence significantly and positively to CSRD, while leverage and growth does not significantly influence CSRD.