The moderating effect of CSR awarding and CSR expense on COVID 19 and firm systematic risk : study of Indonesia's LQ45 firms from 2015-2020

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Soegiantoro, Holy Rhema (2023) The moderating effect of CSR awarding and CSR expense on COVID 19 and firm systematic risk : study of Indonesia's LQ45 firms from 2015-2020. Undergraduate thesis, Sekolah Tinggi Manajemen Ipmi.

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Abstract

According to article 15 of the 2007 investment law no. 25, all businesses in Indonesia are required to practice corporate social and environmental responsibility. However, compared to other Asian countries, Indonesia may not have implemented CSR as successfully. The COVID 19 pandemic has created new challenges for all aspects of life in the world because it seriously impeded all facets of existence worldwide. Many businesses have had to reevaluate their plans for carrying out their social responsibility, or CSR, in light of this pandemic. The study aims to examine the moderating effects of CSR expenses of Indonesia's LQ45 firms systematic risk and COVID 19 pandemic, as well as the moderating effects of CSR awarding on Indonesia's LQ45 firms systematic risk and company's CSR expenses. This study examines 40 companies during the period of 2015 to 2020 using a quantitative approach and panel data analysis. The study discovered that CSR expenses carry out negative signals about firm systematic risk, although these signals towards firm systematic risk, but it is not empirically significant. This signal may suggest that COVID 19 increases the firm systematic risk (BETA). Firm systematic risk was positively influenced by CSRAWD. Additionally, CSR awarding lessens the negative impact of CSR expense on firm systemic risk. CSR expenses may reduce the positive effect of the COVID 19 pandemic on firm systematic risk, but this is not empirically significant.

Item Type: Thesis (Undergraduate)
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Thesis > Bachelor of Business Administration
Depositing User: Dede Faujiah
Date Deposited: 05 Apr 2023 06:56
Last Modified: 05 Apr 2023 06:56
URI: http://repository.ipmi.ac.id/id/eprint/1914

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