PEMENUHAN TANGGUNGJAWAB EKONOMIK-SOSIO-EKOLOGI:BENARKAH MEMICU KEBERLANJUTAN KINERJA KEUANGAN?

Abstract

This study aims to obtain evidence whether the fulfillment of economic-socio-ecological responsibilities is a determinant that can drives financial performance sustainability. Fulfillment of economic-socio-ecological responsibilities is proxied by the disclosure index of economic responsibility, environmental responsibility, and social responsibility based on General Reporting Initiative (GRI) standards; while the financial performance sustainability is proxied by earnings persistence. This study sampled 69 Indonesian public companies that are included in five industrial sectors, with an observation period of 10 years. Multiple univariate regression models are applied to test each hypotheses. The results of this study show that the fulfillment of economic-socio-ecological responsibilities drive corporates financial performance sustainability. The results of this study open implications for business practices. First, fulfilling the economic-socio-ecological responsibilities is important for companies to obtain stakeholder legitimacy and support. Second, fulfilling economic-socio-ecological responsibilities is important to be disclosed to the public so that stakeholders can assess the risks and prospects of the company based on social and environmental factors.

Keywords

• tanggungjawab ekonomik
• tanggungjawab sosial
• tanggungjawab ekologi
• keberlanjutan kinerja keuangan
• General Reporting Initiative