THE CORRELATION BETWEEN SUSTAINABLE VALUE ADDED AND FINANCIAL PERFORMANCE AMONG INDONESIAN LISTED COMPANIES

Sustainability awareness is growing very fast in the society and companies. A lot of companies do Corporate Social Responsibility (CSR) to satisfy stakeholders, while in return they expect to get a better performance. This research discusses the  correlation of sustainability performance to financial performance, by using sustainable value added as a mean of measurement. This measurement monetize  the impact of environmental and society performance, so the performance can be  measured precisely. This research uses Spearman Correlation to analyze the  correlation of thirty-four samples. From this research, it is found that there is  correlation between CSR and financial performance