Journal Screenshot

International Journal of Academic Research in Accounting, Finance and Management Sciences

Open Access Journal

ISSN: 2225-8329

The Effect of Corporate Social Responsibility Disclosure and Value Based Management on Cost of Equity Capital

Angela Dirman

http://dx.doi.org/10.6007/IJARAFMS/v9-i2/6174

Open access

The purpose of this study is to investigate the effect of corporate social responsibility disclosure and value based management on the cost of equity capital. This study uses manufacturing company consumer goods sector which is listed on Indonesia Stock Exchange (IDX) in 2016-2017. By purposive sampling technique, thus research obtained 30 research samples. The results of this study indicate a positive influence between corporate social responsibility disclosure and the cost of equity capital, and the absence of influence between value based management and the cost of equity capital.

1. Adeyemo S.A, Oyebamiji F.F, Alimi, K.O. (2013). International Journal of Academic Research in Economics and Management Sciences. November 2013, Vol. 2, No. 6. ISSN: 2226-3624.
2. Botosan, C.A. (1997). Disclosure Level and the Cost of Equity Capital. The Accounting Review, 22 (3), 323-349
3. Brigham, E. F., Houston, J. F. (2010) Dasar-dasar Manajamen Keuangan. (Buku Edisi 11). Jakarta. Salemba Empat.
4. El Ghoul, S., Guedhami, Omrne, C.Y., Chuk, R., Mishra, D. (2011). Does Corporate Social Responsibility Affect The Cost of Capital? Journal of Banking and Finance 35, 2388-2406.
5. Graham, J. R., C. R. Harvey, & S. Rajgopal. (2005). The economic implications of corporate financial reporting. Journal of Accounting and Economics, 40, 3–73.
6. Hartanti, D.; Rumiris M. E. (2008). Analisis Hubungan Value Based Management dengan Corporate Social Responsibility dalam Iklim Bisnis Indonesia (Studi Kasus Perusahaan Swa100 2006)”. Simposium Nasional Akuntansi XI, Pontianak, 22 – 25 Juli 2008.
7. Keown, A. J. Scott, D. F., Martin, J. D., Petty, J. W. (2000). Dasar-dasar Manajemen Keuangan. Edisi 2. Jakarta: Salemba Empat. 443-480.
8. Mitta A., Nugrahanti, Y.W. (2013). Pengaruh Pengungkapan Corporate Social Responsibility terhadap Cost of Equity Perusahaan. Telaah Bisnis Vol.14, No.1 ISSN: 1411-6375 (cetak), ISSN: 2541-6790 (online).
9. Odetayo, T. A., Adeyemi, A. Z, Sajuyigbe, A.S. (2014). International Journal of Academic Research in Business and Social Sciences. August 2014, Vol. 4, No. 8. ISSN: 2222-6990.
10. Rudianto. (2013). Akuntansi Manajemen. Jakarta: Erlangga.
11. Sekaran, U. (2003). Research Method for Business A Skill Building Approach, 4th Ed. New York: John Wiley and Sons.
12. Sirait, Shanty D.Y., Sylvia, V.S. (2012). Hubungan antara Biaya Modal Ekuitas dengan Tingkat Pengungkapan Tanggung Jawab Sosial dan Modal Intellectual pada Sektor Perbankan di Indonesia. Jurnal Akuntansi dan Auditing Volume 9, No. 1, 1-96.
13. Suharsono, R. S.; Ayu. G. (2013). Pengaruh pengungkapan Corporate Social Responsibility Terhadap Cost of Capital dengan kepemilikan Institusional Sebagai variabel Pemoderasi. Jurnal Ilmiah Akuntansi, Vol 2, No.2, Juni 2013. ISSN 2089-3310.
14. Sukarti, Titiek. S. (2018). Pengaruh Pengungkapan CSR, Asimetri Informasi, Ukuran Perusahaan, dan Kepemilika Institusional terhadap Cost of Equity. Prosiding SENDI_U.
15. Tanjung, F.A. (2014). Mengkaji Kelayakan Bisnis Menggunakan Cost of Capital. http://www.bglconline.com/
16. Utami, W. (2005). Pengaruh Manajemen Laba Terhadap Biaya Modal Ekuitas (Studi Pada Perusahaan Publik Sektor Manufaktur).Jurnal Riset Akuntansi Indonesia.Vol. 9, no. 2, Mei 2006.
17. Vinta, P. (2016). Pengaruh Pengungkapan Corporate Social Responsibility (CSR) Terhadap Earnings Response Coefficient (ERC). Jurnal Akuntansi dan Keuangan, Vol. 18, No. 1, Mei 2016, 15-26.
18. Wahyuni, P.D., Utami, W. (2018). Pengaruh Good Corporate Governance dan Intellectual Capital Disclosure terhadap Cost of Equity Capital. Profita: Komunikasi Ilmiah Akuntansi dan Perpajakan. Vol.11 No.3. Desember 2018
19. Wiyono, G., Kusuma, H. (2017) Manajemen Keuangan Lanjutan: Berbasis Value Creation. Yogyakarta: UPP STIM YKPN.

To cite this article: Dirman A. (2019). The Effect of Corporate Social Responsibility Disclosure and Value Based Management on Cost of Equity Capital, International Journal of Academic Research in Accounting, Finance and Management Sciences 9 (2): 266-280.