Implementation of csr on company value in the real estate sector
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Abstract
This research aims to investigate the implementation of Corporate Social Responsibility (CSR) as a form of social responsibility of real estate companies to the surrounding community. The method used in this study was a literature review sourced from several previous studies. The research results indicate that the form of CSR implementation is considered an indicator that is able to influence the company's value in the perception of the surrounding community. However, in previous research, there is also a contradiction in that CSR is considered unable to have a significant influence on company value. Real estate companies are considered to have a substantial impact on the economic, social, and environmental aspects of society. Real estate companies carry out corporate social responsibility to reduce negative impacts and increase positive contributions to society by participating in sustainability projects, such as supporting the construction of transportation routes and so
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How to Cite
Wijaya, S., & Munandar, A. (2024). Implementation of csr on company value in the real estate sector. Enrichment : Journal of Management, 13(6), 3718-3722. https://doi.org/10.35335/enrichment.v13i6.1832
References
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Aminah, A., & Dinata Pemuka, R. (2023). Kinerja Keuangan, Pengungkapan Corporate Social Responsibility: Dampaknya Pada Nilai Perusahaan. SINOMIKA Journal: Publikasi Ilmiah Bidang Ekonomi Dan Akuntansi, 1(5), 1127–1134. https://doi.org/10.54443/sinomika.v1i5.586
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Ayu, D. (2021). The Effect of GCG, CSR, Earning Management on the Capital Costs. IOSR Journal of Business and Management (IOSR-JBM) , 23.
Barlinti, R. A., & Aris, M. A. (2023). Analisis Kinerja Keuangan , Ukuran Perusahaan , Leverage , dan Volume Penjualan terhadap Corporate Social Responsibility ( Analysis of Financial Performance , Company Size , Leverage , and Sales Volume on Corporate Social Responsibility ). Jurnal Akuntansi, Keuangan Dan Manajemen (Jakman), 4(3), 235–247.
Cahyaningrum, Y., Widodo, E., & Widuri, D. T. (2023). Triwikrama: Jurnal Ilmu Sosial PENGARUH KINERJA KEUANGAN TERHADAP NILAI PERUSAHAAN DENGAN GOOD CORPORATE GOVERNANCE (GCG) SEBAGAI VARIABEL MODERASI. Triwikrama: Jurnal Ilmu Sosial, 01(05), 50–60.
Fakhri Rana Sausan, Korawijayanti, L., & Arum Febriyanti Ciptaningtias. (2020). The Effect of Return on Asset (ROA), Debt to Equity Ratio (DER), Earning per Share (EPS), Total Asset Turnover (TATO) and Exchange Rate on Stock Return of Property and Real Estate Companies at Indonesia Stock Exchange Period 2012-2017. Ilomata International Journal of Tax and Accounting, 1(2). https://doi.org/10.52728/ijtc.v1i2.66
Faranika, M., & Illahi, I. (2023). Analisis Pengaruh Green Accounting Dan Kualitas AuditTerhadap Nilai Perusahaan. JEBI: Jurnal Ekonomi Dan Bisnis, 1(1), 141–161.
Kamela, L., Rahmanti, N., & Rahayu, P. (2023). Pengaruh likuiditas, Profitabilitas dan Leverage Terhadap Agresivitas Pajak dengan CSR sebagai Variabel Moderasi (Studi Pada Perusahaan Properti dan Real Estate yang Terdaftar Di BEI Tahun 2019-2021). CITACONOMIA: Economic and Business Studies, 2(1), 50–71.
Kerbouche, M., Belmimoun, A., Bouhelal, F., & Imen, K. (2015). The impact of organizational characteristics in effectiveness (Algerian’s empirical study of small and medium enterprises). Mediterranean Journal of Social Sciences, 6(2). https://doi.org/10.5901/mjss.2015.v6n2p277
Liu, Q., Qu, X., Wang, D., Abbas, J., & Mubeen, R. (2022). Product Market Competition and Firm Performance: Business Survival Through Innovation and Entrepreneurial Orientation Amid COVID-19 Financial Crisis. Frontiers in Psychology, 12. https://doi.org/10.3389/fpsyg.2021.790923
Lopatta, K., Canitz, F., & Tideman, S. A. (2022). Abnormal CSR and Financial Performance. European Accounting Review. https://doi.org/10.1080/09638180.2022.2084134
Machdar, N. M., Siagian, A. O., & Manurung, A. H. (2023). Analisis Pengungkapan Modal Intelektual , Komisaris Independen , Direksi , Manajemen Risiko Perusahaan , dan Audit Komite terhadap Nilai Perusahaan. Jurnal Ekonomi, Akuntansi Dan Manajemen Indonesia, 2(01), 67–76.
Pratama, H. A. R., & Maria, V. (2023). Pengaruh Intellectual Capital, Good Corporate Governance, Dan Corporate Social Responsibility Terhadap Nilai Perusahaan Dengan Dimediasi Oleh Profitabilitas. Jurnal Cakrawala Ilmiah, 2(6), 2373–2388.
Purnama, E. T., Asnawi, S. K., & Puji Lestari, E. (2018). Pengaruh Faktor Fundamental Perusahaan Terhadap Return Saham. Jurnal Organisasi Dan Manajemen, 14(1), 67–81. https://doi.org/10.33830/jom.v14i1.149.2018
Radu, C., & Smaili, N. (2022). Alignment Versus Monitoring: An Examination of the Effect of the CSR Committee and CSR-Linked Executive Compensation on CSR Performance. In Journal of Business Ethics (Vol. 180, Issue 1). https://doi.org/10.1007/s10551-021-04904-2
Sholikha, I. N., & Rahmiyati, N. (2017). the Effect of Leverage and Capital Structure on Company Value With Profitability As Mediation Variables. Neo Journal of Economy and Social Humanitities (NEJESH), 1(3).
Sobiroh, D. (2023). Optimasi Nilai Perusahaan Property dan Real Estate : Analisis Good Corporate Governance ( GCG ), Profitabilitas , dan Struktur Modal. 2(4), 200–221.
Sugiyono, S. (2018). Metode Penelitian Kombinasi (Mixed Methods). Bandung: Alfabeta.
Susanto, P. B. (2020). Pengaruh Corporate Social Responsibility dan Good Corporate Governance Terhadap Nilai Perusahaan pada Perusahaan Sub Sektor Kimia yang Terdaftar Di Bursa Efek Indonesia. Jurnal Akuntansi Dan Keuangan Kontemporer (JAKK). https://doi.org/10.30596/jakk.v3i2.8626
The, O., Wijaya, D. A., & Muljo, H. H. (2022). The Effect Analysis of Solvency Ratio, Profitability Ratio and Inflation on Stock Return. Business Economic, Communication, and Social Sciences (BECOSS) Journal, 4(1). https://doi.org/10.21512/becossjournal.v4i1.7833
Umardani, R., & Trisnaningsih, S. (2023). The Influence Of Good Corporate Governance On Company Value With Profitability As A Moderating Variable In Property And Real Estate Sector Companies. Management Studies and Entrepreneurship Journal Vol, 4(4), 4020–4032.
Uyar, A., Elmassri, M., Kuzey, C., & Karaman, A. S. (2023). Does external assurance stimulate higher CSR performance in subsequent periods? The moderating effect of governance and firm visibility. Corporate Governance (Bingley), 23(4). https://doi.org/10.1108/CG-04-2022-0188
Winata, A., & Aryati, T. (2023). AKUA: Jurnal Akuntasi dan Keuangan Pengaruh Corporate Social Responsibility, Profitabilitas, Leverage, dan Growth Terhadap Nilai Perusahaan. 2(4), 293–301. https://doi.org/10.54259/akua.v2i4.2012
Winnie, & Mulyana, R. A. (2023). Pengaruh Tata Kelola Perusahaan, Csr, Dan Faktor Lainnya Terhadap Manajemen Laba. E-Jurnal Akuntansi TSM, 3(2), 485–496. https://doi.org/10.34208/ejatsm.v3i2.2165
Yusup, F. (2018). Uji Validitas dan Reliabilitas Instrumen Penelitian Kuantitatif. Jurnal Tarbiyah : Jurnal Ilmiah Kependidikan, 7(1). https://doi.org/10.18592/tarbiyah.v7i1.2100
Zuhriadi, M., Amanda, D., Purba, B., Ekonomi, F., & Medan, U. N. (2023). Issn : 3025-9495. 2(1).
Alniacik, E., Moumen, C., & Alniacik, U. (2020). The moderating role of personal value orientation on the links between perceived corporate social performance and purchase intentions. Corporate Social Responsibility and Environmental Management, 27(6). https://doi.org/10.1002/csr.1997
Aminah, A., & Dinata Pemuka, R. (2023). Kinerja Keuangan, Pengungkapan Corporate Social Responsibility: Dampaknya Pada Nilai Perusahaan. SINOMIKA Journal: Publikasi Ilmiah Bidang Ekonomi Dan Akuntansi, 1(5), 1127–1134. https://doi.org/10.54443/sinomika.v1i5.586
Ani, F., Chomsatu, Y., Dan Dewi, R. R. (2020). Pengaruh Kinerja Keuangan dan Opini Audit terhadap Audit Report Lag pada Perusahaan Perbankan 2014 – 2017. Jurnal Riset Akuntansi & Komputerisasi Akuntansi, 11(2).
Ayu, D. (2021). The Effect of GCG, CSR, Earning Management on the Capital Costs. IOSR Journal of Business and Management (IOSR-JBM) , 23.
Barlinti, R. A., & Aris, M. A. (2023). Analisis Kinerja Keuangan , Ukuran Perusahaan , Leverage , dan Volume Penjualan terhadap Corporate Social Responsibility ( Analysis of Financial Performance , Company Size , Leverage , and Sales Volume on Corporate Social Responsibility ). Jurnal Akuntansi, Keuangan Dan Manajemen (Jakman), 4(3), 235–247.
Cahyaningrum, Y., Widodo, E., & Widuri, D. T. (2023). Triwikrama: Jurnal Ilmu Sosial PENGARUH KINERJA KEUANGAN TERHADAP NILAI PERUSAHAAN DENGAN GOOD CORPORATE GOVERNANCE (GCG) SEBAGAI VARIABEL MODERASI. Triwikrama: Jurnal Ilmu Sosial, 01(05), 50–60.
Fakhri Rana Sausan, Korawijayanti, L., & Arum Febriyanti Ciptaningtias. (2020). The Effect of Return on Asset (ROA), Debt to Equity Ratio (DER), Earning per Share (EPS), Total Asset Turnover (TATO) and Exchange Rate on Stock Return of Property and Real Estate Companies at Indonesia Stock Exchange Period 2012-2017. Ilomata International Journal of Tax and Accounting, 1(2). https://doi.org/10.52728/ijtc.v1i2.66
Faranika, M., & Illahi, I. (2023). Analisis Pengaruh Green Accounting Dan Kualitas AuditTerhadap Nilai Perusahaan. JEBI: Jurnal Ekonomi Dan Bisnis, 1(1), 141–161.
Kamela, L., Rahmanti, N., & Rahayu, P. (2023). Pengaruh likuiditas, Profitabilitas dan Leverage Terhadap Agresivitas Pajak dengan CSR sebagai Variabel Moderasi (Studi Pada Perusahaan Properti dan Real Estate yang Terdaftar Di BEI Tahun 2019-2021). CITACONOMIA: Economic and Business Studies, 2(1), 50–71.
Kerbouche, M., Belmimoun, A., Bouhelal, F., & Imen, K. (2015). The impact of organizational characteristics in effectiveness (Algerian’s empirical study of small and medium enterprises). Mediterranean Journal of Social Sciences, 6(2). https://doi.org/10.5901/mjss.2015.v6n2p277
Liu, Q., Qu, X., Wang, D., Abbas, J., & Mubeen, R. (2022). Product Market Competition and Firm Performance: Business Survival Through Innovation and Entrepreneurial Orientation Amid COVID-19 Financial Crisis. Frontiers in Psychology, 12. https://doi.org/10.3389/fpsyg.2021.790923
Lopatta, K., Canitz, F., & Tideman, S. A. (2022). Abnormal CSR and Financial Performance. European Accounting Review. https://doi.org/10.1080/09638180.2022.2084134
Machdar, N. M., Siagian, A. O., & Manurung, A. H. (2023). Analisis Pengungkapan Modal Intelektual , Komisaris Independen , Direksi , Manajemen Risiko Perusahaan , dan Audit Komite terhadap Nilai Perusahaan. Jurnal Ekonomi, Akuntansi Dan Manajemen Indonesia, 2(01), 67–76.
Pratama, H. A. R., & Maria, V. (2023). Pengaruh Intellectual Capital, Good Corporate Governance, Dan Corporate Social Responsibility Terhadap Nilai Perusahaan Dengan Dimediasi Oleh Profitabilitas. Jurnal Cakrawala Ilmiah, 2(6), 2373–2388.
Purnama, E. T., Asnawi, S. K., & Puji Lestari, E. (2018). Pengaruh Faktor Fundamental Perusahaan Terhadap Return Saham. Jurnal Organisasi Dan Manajemen, 14(1), 67–81. https://doi.org/10.33830/jom.v14i1.149.2018
Radu, C., & Smaili, N. (2022). Alignment Versus Monitoring: An Examination of the Effect of the CSR Committee and CSR-Linked Executive Compensation on CSR Performance. In Journal of Business Ethics (Vol. 180, Issue 1). https://doi.org/10.1007/s10551-021-04904-2
Sholikha, I. N., & Rahmiyati, N. (2017). the Effect of Leverage and Capital Structure on Company Value With Profitability As Mediation Variables. Neo Journal of Economy and Social Humanitities (NEJESH), 1(3).
Sobiroh, D. (2023). Optimasi Nilai Perusahaan Property dan Real Estate : Analisis Good Corporate Governance ( GCG ), Profitabilitas , dan Struktur Modal. 2(4), 200–221.
Sugiyono, S. (2018). Metode Penelitian Kombinasi (Mixed Methods). Bandung: Alfabeta.
Susanto, P. B. (2020). Pengaruh Corporate Social Responsibility dan Good Corporate Governance Terhadap Nilai Perusahaan pada Perusahaan Sub Sektor Kimia yang Terdaftar Di Bursa Efek Indonesia. Jurnal Akuntansi Dan Keuangan Kontemporer (JAKK). https://doi.org/10.30596/jakk.v3i2.8626
The, O., Wijaya, D. A., & Muljo, H. H. (2022). The Effect Analysis of Solvency Ratio, Profitability Ratio and Inflation on Stock Return. Business Economic, Communication, and Social Sciences (BECOSS) Journal, 4(1). https://doi.org/10.21512/becossjournal.v4i1.7833
Umardani, R., & Trisnaningsih, S. (2023). The Influence Of Good Corporate Governance On Company Value With Profitability As A Moderating Variable In Property And Real Estate Sector Companies. Management Studies and Entrepreneurship Journal Vol, 4(4), 4020–4032.
Uyar, A., Elmassri, M., Kuzey, C., & Karaman, A. S. (2023). Does external assurance stimulate higher CSR performance in subsequent periods? The moderating effect of governance and firm visibility. Corporate Governance (Bingley), 23(4). https://doi.org/10.1108/CG-04-2022-0188
Winata, A., & Aryati, T. (2023). AKUA: Jurnal Akuntasi dan Keuangan Pengaruh Corporate Social Responsibility, Profitabilitas, Leverage, dan Growth Terhadap Nilai Perusahaan. 2(4), 293–301. https://doi.org/10.54259/akua.v2i4.2012
Winnie, & Mulyana, R. A. (2023). Pengaruh Tata Kelola Perusahaan, Csr, Dan Faktor Lainnya Terhadap Manajemen Laba. E-Jurnal Akuntansi TSM, 3(2), 485–496. https://doi.org/10.34208/ejatsm.v3i2.2165
Yusup, F. (2018). Uji Validitas dan Reliabilitas Instrumen Penelitian Kuantitatif. Jurnal Tarbiyah : Jurnal Ilmiah Kependidikan, 7(1). https://doi.org/10.18592/tarbiyah.v7i1.2100
Zuhriadi, M., Amanda, D., Purba, B., Ekonomi, F., & Medan, U. N. (2023). Issn : 3025-9495. 2(1).