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Abstract
The aim of this research is analyzing factors which influence corporation performance in Sharia-based firms by using independent variables, such as Corporate Social Responsibility Disclosure and Indonesia Sharia Stock Index (ISSI) Listing, and Corporation Financial Performance as dependent variable. Data which being used was secondary data consisting CSR disclosure information from annual financial report from the listed corporation in LQ45 Index and Indonesia Sharia Stock Index (ISSI) within the period of 2016-2018. Data analysis used Multiple Linear Regression. The result of this research showed that Corporate Social Responsibility and Indonesia Sharia Stock Index (ISSI) Listing’s disclosure had negative effect towards Corporation Financial Performance.
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References
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- Eisenhardt, K.M. (1989). Agency theory: an assessment and review. The Academy of Management Review, 14 (1), 57-74. DOI: 10.2307/258191
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- Harahap, S. S. (2008). Analisis kritis atas laporan keuangan. Jakarta: Raja Grafindo Persada.
- Hayat, R., & Kraeussl, R. (2011). Risk and return characteristics of Islamic equity funds. Emerging Market Review, 12(2), 189-203. DOI: 10.1016/j.ememar.2011.02.002
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- Rosiliana, K, Yuniarta, G.A. & Darmawan, N.A.S. (2014). Pengaruh corporate social responsibility terhadap kinerja keuangan perusahaan (studi empiris pada perusahaan LQ45 di Bursa Efek Indonesia periode 2008-2012). Jurnal Ilmiah Mahasiswa Akuntansi, UNDIKSHA, 2 (1). DOI: 10.23887/jimat.v2i1.3452
- Suciwati, D. P, Pradnyan, D.P.A. & Ardina, C. (2016). Pengaruh corporate social responsibility terhadap kinerja keuangan (pada perusahaan sektor pertambangan di BEI tahun 2010-2013). Jurnal Bisnis dan Kewirausahaan, 12(2), 104-113. Retrieved from: http://ojs.pnb.ac.id/index.php/JBK/article/view/39/22
References
Bursa Efek Indonesia. (2014). Data publication IDX monthly statistics. Jakarta: Bursa Efek Indonesia. Retrieved from: https://www.idx.co.id/data-pasar/laporan-statistik/statistik/
Callen, J. L., Morel, M., & Richardson, G. (2011). Do culture and religion mitigate earnings management? evidence from a cross-country analysis. International Journal of Disclosure and Governance, 8(2). DOI:10.1057/jdg.2010.31
Crowther, D., & Aras, G. (2008). Corporate social responsibility. Ventus Publishing ApS, Retrieved from: https://www.mdos.si/wp-content/uploads/2018/04/defining-corporate-social-responsibility.pdf
Dewi, R.K., & Widagdo, B. (2012). Pengaruh corporate social responsibility dan good corporate governance terhadap kinerja perusahaan. Jurnal Manajemen Bisnis, 2, 81-97. DOI:10.22219/jmb.v2i1.1486
Eisenhardt, K.M. (1989). Agency theory: an assessment and review. The Academy of Management Review, 14 (1), 57-74. DOI: 10.2307/258191
El-Gamal, M.A (2006). Islamic finance: law, economics, and practice. Journal of King Abdulaziz University-Islamic Economics, 21(2)., 97-108. DOI: 10.4197/islec.21-2.5
Fitriya, E., & Setyorini, L. (2019). Pengaruh corporate social responsibility terhadap kinerja keuangan perbankan dengan size dan leverage ratio sebagai variabel pemoderasi. Jurnal Ilmiah Akuntansi Indonesia (JIAI), 4(1), 42-53. DOI: 10.17969/jdab. v3i2.5384
Ghozali, I. (2011). Aplikasi analisis muktivariate dengan program SPSS. Semarang: Badan Penerbit Universitas Diponegoro.
Harahap, S. S. (2008). Analisis kritis atas laporan keuangan. Jakarta: Raja Grafindo Persada.
Hayat, R., & Kraeussl, R. (2011). Risk and return characteristics of Islamic equity funds. Emerging Market Review, 12(2), 189-203. DOI: 10.1016/j.ememar.2011.02.002
Hong, Y & Andersen, M.L. (2011). The relationship between corporate social responsibility and earnings management: an exploratory study. Journal of Business Ethics, 104 (4), 461-471. DOI: 1 0.1 007/s 1055 1-01 1-0921-y
Jumingan. (2006). Analisis laporan keuangan. Edisi 1. Cetakan Pertama, Jakarta: PT. Bumi Aksara.
Kasmir. (2011). Analisis laporan keuangan. Edisi 1, Cetakan Kelima, Jakarta: Raja Grafindo Persada.
Kasmir. (2012). Analisis laporan keuangan. Edisi 1, Cetakan Ketujuh, Jakarta: Rajawali Pers.
Kim, Y, Park, M.S & Wier, B. (2012). Is earnings quality associated with corporate social responsibility?. The Accounting Review Forthcoming, 87 (3). 761-796. DOI: 10.2308/accr-10209
McGuire, S.T, Omer ,T.C, & Sharp, N.Y. (2011). The impact of religion on financial reporting irregularities. The Accounting Review, 87 (2), 645–673. DOI: 10.2308/accr-10206
Noreen, E. (1998). The economics of ethics: a new perspective on agency theory. Accounting Organization and Society, 13(4), 359-369. DOI: 10.1016/0361-3682(88)90010-4
Nugraha, D.P., & Meiranto, W. (2014). Pengaruh corporate social responsibility pada kinerja keuangan perusahaan dan implikasinya terhadap nilai perusahaan. Diponegoro Journal of Accounting, 3 (4). 31-10. Retrieved from: https://ejournal3.undip.ac.id/index.php/accounting/article/view/10267/9971
Oktaviani, R.F (2017). Index harga saham Islamic internasional terhadap Jakarta Islamic index. Jurnal Ekonomika dan Manajemen, 6 (1), 1-15. Retrieved: from http://fe.budiluhur.ac.id/wp-content/uploads/2017/08/a.-Retno-Fuji-Oktaviani.pdf
Pamudi, T. S. (2005). Perjalanan Si Konsep Seksi. Majalah Swasembada (Senin 19 Desember 2005 ed.).
Platnova, E., Asutay, M., Dixion, R., & Mohammad, S. (2016). The impact of corporate social responsibility disclosure on financial performance: evidence from the GCC Islamic banking sector. Journal of Business Ethics, 151 (2), 451-471. DOI: 10.1007/s10551-016-3229-0
Pramana, I.G.N.A & Mustanda, I.K. (2016). Pengaruh profitabilitas dan size terhadap nilai perusahaan dengan CSR sebagai variabel pemoderasi. E-Jurnal Manajemen Unud, 5 (1), 561-594. Retrieved from: https://ojs.unud.ac.id/index.php/Manajemen/article/view/17586
Prior, D, Surroca, J., & Tribo, J.A. (2008). Are socially responsible managers really ethical? exploring the relationship between earnings management and corporate social responsibility. Corporate Governance: An International Review, 16 (3), 160-177. DOI:10.1111/j.1467-8683.2008.00678.x
Putra, A.S. (2015). Pengaruh corporate social responsibility terhadap profitabilitas perusahaan studi empiris pada perusahaan sektor industri barang konsumsi yang terdaftar di bursa efek Indonesia rahun 2010-2013. Jurnal Nominal, 4 (2), 88-1. 10 DOI: 0.21831/nominal.v4i2.8002
Rahayu, S. (2010). Pengaruh kinerja keuangan terhadap nilai perusahaan dengan pengungkapan corporate social responsibility dan good corporate governance sebagai variabel pemoderasi (studi empiris pada perusahaan manufaktur di bursa efek Jakarta). Skripsi, Fakultas Ekonomi Universitas Diponegoro, Semarang. Retrieved from: http://eprints.undip.ac.id/23232/
Rosiliana, K, Yuniarta, G.A. & Darmawan, N.A.S. (2014). Pengaruh corporate social responsibility terhadap kinerja keuangan perusahaan (studi empiris pada perusahaan LQ45 di Bursa Efek Indonesia periode 2008-2012). Jurnal Ilmiah Mahasiswa Akuntansi, UNDIKSHA, 2 (1). DOI: 10.23887/jimat.v2i1.3452
Suciwati, D. P, Pradnyan, D.P.A. & Ardina, C. (2016). Pengaruh corporate social responsibility terhadap kinerja keuangan (pada perusahaan sektor pertambangan di BEI tahun 2010-2013). Jurnal Bisnis dan Kewirausahaan, 12(2), 104-113. Retrieved from: http://ojs.pnb.ac.id/index.php/JBK/article/view/39/22