Mulia, Rezki Ananda and Joni, Joni (2019) Corporate Social Responsibility (CSR) and Risk Taking: Evidence from Indonesia. ACRN Journal of Finance and Risk Perspectives, 8. pp. 152-162. ISSN 2305-7394
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Abstract
In this paper, we investigate the effect of Corporate Social Responsibility (CSR) on risk taking in Indonesia. We hand collect CSR and other corporate governance data from 2016-2017 for publicly listed firms on the Indonesian Stock Exchange (IDX). The results, based on 820 firmyear observations, suggest that CSR activity is negatively related to corporate’s risk. This means the presence of CSR activity is positively perceived by stakeholders. Therefore, it reduces operating and market risks of the company. Also, we test for endogeneity and the main findings remain similar
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | CSR, Risk taking, Endogeneity |
| Subjects: | H Social Sciences > HF Commerce > HF5601 Accounting |
| Depositing User: | Perpustakaan Maranatha |
| Date Deposited: | 23 Mar 2021 02:30 |
| Last Modified: | 23 Mar 2021 02:32 |
| URI: | http://repository.maranatha.edu/id/eprint/27541 |
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