IMPACT OF CSR DISCLOSURE AND ENVIRONMENTAL PERFORMANCE ON HEALTHCARE PROFITABILITY (IDX 2019-2022)
DOI:
https://doi.org/10.19184/bisma.v19i2.53772Keywords:
Corporate Social Responsibility, Environmental Performance, Responsibility, Return On AssetsAbstract
This research seeks to investigate and assess the impact of Corporate Social Responsibility (CSR) transparency and ecological performance on the financial returns of healthcare firms listed on the Indonesia Stock Exchange (IDX) over the 2019–2022 timeframe. A quantitative methodology was adopted, applying multiple linear regression techniques. The study population encompasses all IDX-listed healthcare entities, with the sample chosen through purposive sampling based on specific benchmarks, such as availability of annual reports, CSR disclosures, and involvement in the PROPER initiative, yielding 37 firm-year data points. Profitability is indicated by Return on Assets (ROA), CSR is evaluated via the CSR Disclosure Index referencing the 2016 GRI guidelines, and environmental performance is determined through PROPER scores. Results demonstrate that CSR and ecological performance jointly exert a meaningful influence on profitability. Individually, CSR shows a notable negative correlation with ROA, whereas environmental performance has a positive yet statistically insignificant impact. The conclusion suggests that despite CSR efforts enhancing corporate reputation, the substantial costs of implementation amid challenging times can dampen short-term profitability.
Downloads
References
Bahri, S., & Cahyani, F. A. (2017). Pengaruh Kinerja Lingkungan Terhadap Corporate Financial Performance Dengan Corporate Social Responsibility Disclosure Sebagai Variabel I Ntervening (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar Di Bei). Ekonika : Jurnal Ekonomi Universitas Kadiri, 1(2), 117–142. https://doi.org/10.30737/ekonika.v1i2.11
Bartholomew, E. F., Suaryana, I. G. N. A., & Joy. (2024). Pengaruh CSR Terhadap Profitabilitas Pada Perusahaan Perbankan di Bursa Efek Indonesia Periode 2018-2022. Jurnal Ilmiah Wahana Pendidikan, 10(1), 323–335.
Elkington, J. (1996). Cannibals With Forks The Triple Bottom. Capstone Publishing Limited.
Freeman, (1984). A Stakeholder Approach to Strategic Management. SSRN Electronic Journal, January 2001. https://doi.org/10.2139/ssrn.263511
Ghozali, I. (2018). Aplikasi Analisis Multivariate. Badan Penerbit Universitas Diponegoro Semarang.
Hery. (2017). Pengaruh Profitabilitas Dan Ukuran Perusahaan Terhadap Nilai Perusahaan Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Tahun 2018. Jurnal Bisnis, Manajemen, Dan Keuangan, 1(2), 396–406.
Indarjani, D., Handayani, Ismanair, H., & Muniarty, P. (2020). Pengantar Ilmu Lingkungan.
Jumadiah, Manfarisyah, Sastro, M., & Herinawati. (2018). Penerapan prinsip corporate social responsibility di provinsi Aceh. Unimal Press, 7.
Kementerian Lingkungan Hidup dan Kehutanan Republik Indonesia. (2022). Laporan Kinerja KLHK Tahun 2022. Laporan Kinerja Kementrian Lingkungan Hidup Dan Kehutanan, 53(9), 1689–1699.
Khoe, M. G., & Keristin, U. W. (2023). Dampak Penerapan Kinerja Lingkungan dan Corporate Social Responbility terhadap Profitabilitas. MDP Student Conference, 2(2), 68–76. https://doi.org/10.35957/mdp-sc.v2i2.4341
Kholis, A. (2020). Corporate Social Responsibility Konsep dan Implementasi. In Economic & Business Publishing.
Lestari, C. L. A., & Kusuma, P. D. I. (2022). Pengaruh Kinerja Lingkungan Terhadap Profitabilitas Perusahaan : Studi Pada Perusahaan Terindeks Sri-Kehati. Student’s Conference on Accounting & Business, 249–258.
Ningtyas, A. A., & Triyanto, D. N. (2019). Pengaruh Kinerja Lingkungan dan Pengungkapan Lingkungan Terhadap Profitabilitas Perusahaan (Studi Empiris Pada Perusahaan Pertambangan Yang Terdaftar di BEI Tahun 2015-2017). Jurnal Akuntansi, Audit Dan Sistem Informasi Akuntansi, 3(1), 14–26.
Nuraini, A., & Saharsini, A. (2023). Faktor-Faktor Yang Mempengaruhi Profitabilitas Pada Perusahaan Makanan Dan Minuman Yang Tercatat Di Bei Pada Masa Pandemi Covid – 19. SENTRI: Jurnal Riset Ilmiah, 2(6), 2221–2234. https://doi.org/10.55681/sentri.v2i6.1056
Nyeadi, J. D., Ibrahim, M., & Sare, Y. A. (2018). Corporate social responsibility and financial performance nexus: Empirical evidence from South African listed firms. Journal of Global Responsibility, 9(3), 301–328. https://doi.org/10.1108/JGR-01-2018-0004
Putra, A. S. (2015). “Pengaruh Corporate Social Responsibility Terhadap Profitabilitas Perusahaan (Studi Empiris pada Bursa Efek Indonesia Tahun 2010-2013).” Jurnal Nominal, IV(2), 88–110.
Rafianto, R. A. (2015). Pengaruh Pengungkapan Corporate Social Responsibility dan Kinerja Lingkungan Terhadap Kinerja keuangan (Studi pada Sektor Pertambangan di Bursa Efek Indonesia pada Periode 2010-2012). Universitas Telkom.
Rahman. (2022). Metode Pengumpulan Data Sekunder. Widina Media Utama, Bandung.
Rosdwianti, M. K., Dzulkirom, M., & Z.A, Z. (2016). Pengaruh Pengungkapan Program Corporate Social Responsibility Terhadap Profitabilitas Perusahaan (Studi Pada Sektor Industri Barang Konsumsi Yang Terdaftar Di Bursa Efek Indonesia Periode 2013-2014). JURNAL AKUNTANSI, EKONOMI Dan MANAJEMEN BISNIS, 38(2), 193. https://doi.org/10.30871/jaemb.v5i2.353
Siagian, A. O. (2021). Pengaruh Environmental Cost Terhadap Kinerja Bisnis Dengan Kinerja Lingkungan Sebagai Variabel Moderasi. Jurnal Ecodemica: Jurnal Ekonomi, Manajemen, Dan Bisnis, 5(1), 51–60. https://doi.org/10.31294/jeco.v5i1.9236
Simanjuntak, W. (2019). PENGARUH CORPORATE SOCIAL RESPONSIBILITY, RETURN ON ASSETS, DAN RETURN ON EQUITY TERHADAP NILAI PERUSAHAAN PADA SUB SEKTOR PERTAMBANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA. Narratives of Therapists’ Lives, July, 124.
Sugiyono. (2020). Metodologi Penelitian Kuantitatif, Kualitatif dan R & D. ALFABETA.
Wajdi, F., Seplyana, D., Juliastuti, Rumahlewang, E., Fatchiatuzahro, Halisa, N. N., Rusmalinda, S., Kristiana, R., Niam, M. F., Purwanti, E. W., Melinasari, S., & Kusumaningrum, R. (2024). Metode Penelitian Kuantitatif. In Widina Media Utama.
Zulhaimi, H. (2015). Pengaruh Penerapan Green Accounting Terhadap. Jurnal Riset Akuntansi Dan Keuangan, 3(1), 603–616.
Downloads
Published
Issue
Section
License
Copyright (c) 2025 Gilang Antono, Sudarno, Resha Dwi Ayu Pangesti Mulyono
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
.png)
Bisma: Jurnal Bisnis dan Manajemen is licensed under a 