Rabu, 03 Desember 2014

REVIEW JURNAL : Does Corporate Social Responsibility Lead to Improve in Firm Financial Performance? Ev idence from Malaysia

Posted by Rivy at 17.17
REKAP ISI JURNAL ILMIAH
UNTUK KAJIAN PENELITIAN YANG RELEVAN

NamaPengutip: Rinny Viany                                      Hari/Tgl Pengarsipan: 20 November 2014
No
ASPEK JURNAL
SUBSTANSI/ ISI JURNAL DIKUTIP
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Judul /title:
Does Corporate Social Responsibility Lead to Improve in Firm
Financial Performance? Ev idence from Malaysia
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Nama penulis :
By Wan Suhazeli Wan Ahamed, Mahmoud Khalid Almsafir & Arkan Walid Al-Smadi
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Nama, edisi, halaman jurnal :
International Journal of Economics a nd Finance; Vol. 6, No. 3; 2014 ISSN 1916-971X   E-ISSN 1916-9728
Published by Canadian Center of Science and Education

Sumber/bentuk
www.ccsenet.org/ijef
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Setting  penelitian

A. Tempat penelitian :
Graduate Business School, College of Graduate  Studies, Tenaga National University, Malaysia
B. Waktu penelitian :
-
C.  Subyek penelitian :
corporate annual report for three firms listed in Bursa Malaysia for the period from 2007 to 2011.
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Kerangkapikir :
This research will be develop on two model of theoretical framework, first model the will be analysis on relationship between CSR and CFP without using control variable meanwhile second model will utilize control variable in term of firm size (number of employee within the firm) and firm sales (total revenue for the firm). Regression analysis will used to test the relationship between CSR and CFP. CSRD that consists of environment dimension, community dimension, workplace dimension and marketplace dimension was the independent variable while firm financial performance represent by ROE and ROA as dependent variable.
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Metodologi penelitian

A. Jenis/ pendekatan :
Quantitative study
B. Metode sampling :
Purposive sampling

C. Metode pengumpulan data
the study had adopted the use of corporate annual reports of listed firms as our main source data of data..

D. Metode analisis data :
The Statistical Package for Social Sciences (SPSS)
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Teori yang digunakan :
·         According to Mishra and Suar (2010), The history of CSR was stretches back to the late 50’s and 60’s which in United States, it was a period of new legislation regard ing equal opportunities, consumer rights, occupational safety and environmental protection in which organisations responsible to the society. Today, there is an increased pressure on organisations to act ethically and  socially responsible and there is increased pressure on many organizations to acknowledge their responsibility to society (Sun, 2012).
·         CSR concept emphasizes and proposes that a firm has responsibilities to society that extend beyond making a profit (Mwangi & Jerotich, 2013). This concept outline it is the obligation of the firm’s decision makers to make decisions and act in ways that recognize the relationship between business and society, therefore it’s important for business to continue its commitment to behave ethically and contribute to economic development while improving the quality of life of the workforce and  the surrounding community (Sun, 2012)
·         The classical view of financial performance is maximizing the wealth of agents who ar e shareholders (Dkhili & Ansi, 2012). Based on markets efficiency that ensures the best allocation of resources and rejects any idea of corporate responsibility other than making profit for its shareholders.
·         Azlan and Susela (2008) assert that the pressure of the government is a dominant factor motivating for the involvement of the Malaysia companies into CSR. As the market is getting highly competitive, firms should take
initiative and action to improve their involvement in CSR activities as part of their business strategy to maintain
firm sustainability. Furthermore, the involvement in CSR would add advantage to the companies if they were
planning to go global in which consumer in global market  usually concerned with CSR issues. In addition, the
owners of capital in global markets, particularly socially  responsible investor are look ing forward at CSR as their
key criteria in their investment decision.
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Hasil/temuan penelitian :
·         CSR has direct relationship with both ROA and ROE for this model. This result indicate, for ROA, every unit increase in CSR, firm ROA will increase by 0.14 units, meanwhile for ROE, every unit increase in CSR, firm ROE will increase by 0.19 units. This result support the correlation test indicates there is strong and positive relationship between CSR with ROA and ROA.
·         For ROA, Correlation coefficient of 0.804 indicates a strong positive correlation between the dependent and independent variables. On the other hand, coefficient of determination (R) of 0.804 shows that 80.4% of the variation in the firm performance (ROA) explained by the changes in CSR, leaving only 19.6% unexplained.
·         Proceeding analysis for ROE, the value 0.878 indicate a strong positive relationship between the ROE as dependent variable with CSR as independent variables. 87.8% indicates only 12.2% unexplained. The P-Value of 0.004 shows there is a significant
relationship between ROE and CSR in this model thus accept our H2 hypothesis.
·         The result show CSR has inversed relationship with ROA when Firm Size use as control variable and direct relationship when Firm Revenue use as control variable. In other words, decreasing level of CSR by 0.002 units and increasing level of Firm Size by 0.001 units will result increasing level of ROA of the firm by one unit. Meanwhile by increasing level of CSR by 0.14 units and decreasing the level of Firm Revenue by 6.95 units resulting increase level of ROA of the firm by one unit.
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Diskusi :

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Saran  & rekomendasi

A. Saran :
·         Another limitation of this paper was the timeframe and the number of firms use in this study. Relatively low number of the company and short span timeframe used may not comprehensively justify the relation.
B. Rekomendasi :




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