PENGARUH PENGUNGKAPAN TANGGUNG JAWAB SOSIAL PERUSAHAAN (CSR DISCLOSURE) TERHADAP KEPEMILIKAN INSTITUSIONAL PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI

Abstract

The tendency of globalization and the increasing demand from stakeholders for the company to carry out the role of social responsibility and disclosure encourage corporate involvement in CSR practices. CSR itself is a general statement that shows a company's obligation to take advantage of economic resources in the operation to provide and contribute to internal and external stakeholders. With practice and disclosure of CSR, companies will benefit for the company itself. On the basis of these conditions, this study was conducted to determine the effect of disclosure of social responsibility (CSR disclosure) to the institutional ownership in manufacturing companies in Indonesia. This study uses four independent variables which include CSR Disclosure, employee relations, community involvement, products, and the environment with the dependent variable, namely institutional ownership with four research hypotheses. Data on CSR Disclosure, employee relations, community involvement, product, environmental, and institutional ownership is obtained through annual reports or annual reports Indonesia Stock Exchange (IDX) which subsequently were analyzed by using statistical regression techniques. Test results using regression test showed that the four hypotheses proposed only proven products or in other words CSR Disclosure, employee relations, community involvement, and the environment proved no significant effect on IO.