The Effect of Corporate Social Responsibility and Good Corporate Governance on Financial Performance

Resa Fitria Susanti; Nofrianty; Fefti Yulian Mela

doi:10.68376/MANTRA.v1.i2.a92

Authors

Resa Fitria Susanti Accounting Study Program, Faculty of Economics, University of Pasir Pengaraian, Indonesia Author
Nofrianty Accounting Study Program, Faculty of Economics, University of Pasir Pengaraian, Indonesia Author
Fefti Yulian Mela Accounting Study Program, Faculty of Economics, University of Pasir Pengaraian, Indonesia Author

DOI:

https://doi.org/10.68376/MANTRA.v1.i2.a92

Keywords:

Corporate Social Responsibility, Good Corporate Governance, Financial Performance, Return on Assets

Abstract

This study aims to examine the effect of Corporate Social Responsibility (CSR) and Good Corporate Governance (GCG) on the financial performance of textile and garment subsector manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2024 period. This study employed a quantitative descriptive method using secondary data obtained from company annual reports. The sampling technique used was purposive sampling, resulting in 9 companies that met the predetermined criteria, yielding 36 firm-year observations. Financial performance was measured using Return on Assets (ROA), CSR was measured using a disclosure index based on the Global Reporting Initiative (GRI) framework, and GCG was measured through the proportion of independent commissioners. The data were analyzed using multiple linear regression with the assistance of SPSS. The results show that CSR does not have a significant effect on financial performance, GCG does not have a significant effect on financial performance, and CSR and GCG simultaneously do not have a significant effect on financial performance. The coefficient of determination indicates that the two variables jointly explain 11.3% of the variation in financial performance, while the remaining 88.7% is explained by other factors outside the research model.

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