Main Article Content
Abstract
This research aims to find out: (1) The Effect of Islamic social reporting on financial performance, (2) The Effect of Islamic social reporting on the company value, and (3) Differences in disclosure of Islamic Social Reporting in Indonesia and Malaysia. The population in this research are companies listed in Indonesia Sharia Stock Index (ISSI) and Islamic stocks in Malaysia, Suruhanja Sekuriti, during the period 2014-2017. The samples of companies were determined using purposive sampling technique. The research samples in Indonesia were 50 companies with 400 observations. While in Malaysia the research samples were 50 companies with 700 observations. Data analysis used robust regression analysis. The research results indicate that (1) There are differences in the disclosure of Islamic Social Reporting between Indonesia and Malaysia. (2) Islamic social reporting has a significant positive effect on financial performance. (3) Islamic social reporting has a significant effect on company value.
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References
- Arifin, J., & Wardani, E. A. (2016). Islamic Corporate Social Responsibility Disclosure, Reputasi, Dan Kinerja Keuangan: Studi Pada Bank Syariah Di Indonesia. Jurnal Akuntansi dan Auditing Indonesia, Vol. 20 (1).
- Arshad, R., Othman, S., & Othman, R. (2012). Islamic Corporate Social Responsibility, Corporate Reputation and Performance. International Scholarly and Scientific Research & Innovation, 6(4), 643–647.
- Cahya, B. T., Nuruddin, A., & Ikhsan, A. (2017). Islamic Social Reporting: From the Perspectives of Corporate Governance Strength, Media Exposure and the Characteristics of Sharia Based Companies in Indonesia and its Impact On Firm Value. IOSR Journal of Humanities and Social Science, 22(5), 71–78.
- Chung, C. Y., S. Jung, & J. Young. (2018). Do CSR activities increase firm value? Evidence from the Korean market. Sustainability (Switzerland), 10(9), 1–22.
- Deegan C., M. Rankin, and J. Tobin. (2202). An Examination Of The Corporate Social And Environmental Disclosures Of BHP From 1983-1997: A Test Of Legitimacy Theory. Accounting, Auditing and Accountability Journal, 15(3): 312-343.
- Donaldson, T., & Preston, L. E. (1995). The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications. Academy of Management Review, 20(1), 65–91.
- Freeman, R. E., & Mcvea, J. (1984). A Stakeholder Approach to Strategic Management. The Blackwell Handbook of Strategic Management, (January), 183–201.
- Haniffa, R. (2002). Social Responsibility Disclosure: An Islamic Perspective. Indonesian Management and Accounting Research. Vol. 1(2), 128–146.
- Harahap, Nurlaila; Harmain, Hendra; Siregar, Saparuddin; Maharani, N. (2014). Pengaruh Islamic Social Reporting (ISR), Umur Perusahaan Dan Kepemilikan Saham Publik Terhadap Profitabilitas (ROA) Pada Perusahaan Yang Terdaftar Di Jakarta Islamic Index (JII) Tahun 2010-2014. KITABAH. Vol. 1 (1), 561–565.
- Hassan, S., & Christopher, T. (2014). Asian Review Of Accounting Corporate Governance Statement Disclosure Of Malaysian Banks And The Role Of Islam. Asian Review of Accounting, 13(2), 36–50
- Herwanti, Titiek., & Irwan, M. N. F. (2017). Disclosure Level’s Effect of Islamic Social Reporting on Company’s Profitability and Zakat. Management and Administrative Sciences Review. Vol. 6(2), 85–98.
- Othman, R., & Md Thani, A. (2010). Islamic Social Reporting Of Listed Companies In Malaysia. International Business & Economic Research Journal, 9(4), 135–144.
- Othman, R., Azlan Md Thani & Erlane K Ghani. (2015). Determinants of Islamic Social Reporting Among Top Shariah-Approved Companies in Bursa Malaysia, (May). Research Journal of International Studies. Issue 12, 4-20.
- Saeidi, S. P., S. Sofian., Saeidi, P. Saeidi, S. P. Saeidi., & S. A. Saaeidi. (2015). How does corporate social responsibility contribute to firm financial performance? The mediating role of competitive advantage, reputation, and customer satisfaction. Journal of Business Research, 68(2), 341–350.
References
Arifin, J., & Wardani, E. A. (2016). Islamic Corporate Social Responsibility Disclosure, Reputasi, Dan Kinerja Keuangan: Studi Pada Bank Syariah Di Indonesia. Jurnal Akuntansi dan Auditing Indonesia, Vol. 20 (1).
Arshad, R., Othman, S., & Othman, R. (2012). Islamic Corporate Social Responsibility, Corporate Reputation and Performance. International Scholarly and Scientific Research & Innovation, 6(4), 643–647.
Cahya, B. T., Nuruddin, A., & Ikhsan, A. (2017). Islamic Social Reporting: From the Perspectives of Corporate Governance Strength, Media Exposure and the Characteristics of Sharia Based Companies in Indonesia and its Impact On Firm Value. IOSR Journal of Humanities and Social Science, 22(5), 71–78.
Chung, C. Y., S. Jung, & J. Young. (2018). Do CSR activities increase firm value? Evidence from the Korean market. Sustainability (Switzerland), 10(9), 1–22.
Deegan C., M. Rankin, and J. Tobin. (2202). An Examination Of The Corporate Social And Environmental Disclosures Of BHP From 1983-1997: A Test Of Legitimacy Theory. Accounting, Auditing and Accountability Journal, 15(3): 312-343.
Donaldson, T., & Preston, L. E. (1995). The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications. Academy of Management Review, 20(1), 65–91.
Freeman, R. E., & Mcvea, J. (1984). A Stakeholder Approach to Strategic Management. The Blackwell Handbook of Strategic Management, (January), 183–201.
Haniffa, R. (2002). Social Responsibility Disclosure: An Islamic Perspective. Indonesian Management and Accounting Research. Vol. 1(2), 128–146.
Harahap, Nurlaila; Harmain, Hendra; Siregar, Saparuddin; Maharani, N. (2014). Pengaruh Islamic Social Reporting (ISR), Umur Perusahaan Dan Kepemilikan Saham Publik Terhadap Profitabilitas (ROA) Pada Perusahaan Yang Terdaftar Di Jakarta Islamic Index (JII) Tahun 2010-2014. KITABAH. Vol. 1 (1), 561–565.
Hassan, S., & Christopher, T. (2014). Asian Review Of Accounting Corporate Governance Statement Disclosure Of Malaysian Banks And The Role Of Islam. Asian Review of Accounting, 13(2), 36–50
Herwanti, Titiek., & Irwan, M. N. F. (2017). Disclosure Level’s Effect of Islamic Social Reporting on Company’s Profitability and Zakat. Management and Administrative Sciences Review. Vol. 6(2), 85–98.
Othman, R., & Md Thani, A. (2010). Islamic Social Reporting Of Listed Companies In Malaysia. International Business & Economic Research Journal, 9(4), 135–144.
Othman, R., Azlan Md Thani & Erlane K Ghani. (2015). Determinants of Islamic Social Reporting Among Top Shariah-Approved Companies in Bursa Malaysia, (May). Research Journal of International Studies. Issue 12, 4-20.
Saeidi, S. P., S. Sofian., Saeidi, P. Saeidi, S. P. Saeidi., & S. A. Saaeidi. (2015). How does corporate social responsibility contribute to firm financial performance? The mediating role of competitive advantage, reputation, and customer satisfaction. Journal of Business Research, 68(2), 341–350.