Dzakir, Rifki and Karyani, Etikah Apakah Kinerja Lingkungan dan Pengungkapan CSR Mempengaruhi Bond Rating? In: Apakah Kinerja Lingkungan dan Pengungkapan CSR Mempengaruhi Bond Rating?. (Unpublished)
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Abstract
This study aims to analyze the impact of environmental performance and the disclosure of Corporate Social Responsibility (CSR) on bond ratings. The sample used is 12 manufacturing companies listed on the Indonesia Stock Exchange (IDX) during 2014-2018. This research used binary logistic regression as a method of data analysis. Environmental performance is measured by PROPER, while CSR disclosure is proxied by GRI Standards 2016. Using logistic analysis, the study results show that companies with higher CSR disclosure tend to have higher credit ratings (investment grade), though having a better environmental performance seems to have no effect. This implies that the transparency of CSR has more impact on increasing the bond rating given by rating agencies. These findings are robust after being tested with the Ordinary Least Square (OLS) model.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Uncontrolled Keywords: | Environmental performance, CSR disclosure, bond rating, manufacture |
| Subjects: | H Social Sciences > H Social Sciences (General) H Social Sciences > HF Commerce > HF5001 Business H Social Sciences > HF Commerce > HF5601 Accounting |
| Divisions: | Prodi S1 Akuntansi |
| Depositing User: | Mrs. Etikah Karyani |
| Date Deposited: | 01 Sep 2020 01:35 |
| Last Modified: | 01 Sep 2020 01:35 |
| URI: | http://repository.ibs.ac.id/id/eprint/873 |
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