Open AccessPengaruh Pengungkapan Corporate Social Responsibility terhadap Cost Of Equity Perusahaan
Author(s) -
Mitta Ariyani,
Yeterina Widi Nugrahanti
Publication year - 2016
Publication title -
telaah bisnis/telaah bisnis
Language(s) - English
Resource type - Journals
eISSN - 2541-6790
pISSN - 1411-6375
DOI - 10.35917/tb.v14i1.12
Subject(s) - stock exchange , corporate social responsibility , cost of equity , business , nonprobability sampling , leverage (statistics) , cost of capital , capital asset pricing model , equity (law) , equity capital markets , return on equity , accounting , regression analysis , equity ratio , finance , economics , microeconomics , incentive , statistics , population , mathematics , law , ecology , sociology , biology , political science , valuation (finance) , demography
The purpose of this study is to investigate the effect of Corporate Social Responsibility (CSR) Disclosure on Cost of Equity Capital. CSR disclosure index is measured based on Global Reporting Initiative standards, while Cost of Equity Capital is measured by Capital Asset Pricing Model (CAPM). This study uses manufacturing companies which is listed on Indonesia Stock Exchange (IDX) in 2010. By purposive sampling, this research obtained 72 companies as a samples. The control variables used are financial leverage and firm size. Multiple regression analysis by SPSS 16 was run for testing the hypothesis. The result show that CSR disclosure and financial leverage have no effect to Cost of Equity. Then, firm size have positive effect to Cost of Equity.