Meiratri, Andriyana Kurnianisa (2026) Pengaruh Kinerja Corporate Social Responsibility (CSR) Terhadap Kinerja Keuangan: Peran Moderasi Risk Management Committee (RMC) Pada Perusahaan Non-Keuangan Di Bursa Efek Indonesia. Masters thesis, Institut Teknologi Sepuluh Nopember.
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Abstract
Penelitian ini bertujuan untuk menganalisis pengaruh kinerja Corporate Social Responsibility (CSR) terhadap kinerja keuangan serta menguji peran Risk Management Committee (RMC) sebagai variabel moderasi pada perusahaan non-keuangan yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2020–2024. Penelitian ini dilatarbelakangi oleh meningkatnya tuntutan keberlanjutan dan tata kelola risiko di tengah dinamika bisnis pascapandemi COVID-19, serta masih ditemukannya inkonsistensi hasil empiris terkait hubungan CSR dan kinerja keuangan. Penelitian ini menggunakan pendekatan kuantitatif dengan desain kausalitas. Data sekunder diperoleh dari laporan tahunan, laporan keberlanjutan, serta skor CSR berbasis dimensi lingkungan dan sosial yang bersumber dari Bloomberg. Sampel penelitian dipilih menggunakan teknik purposive sampling. Analisis data dilakukan menggunakan regresi data panel dengan pendekatan Moderated Regression Analysis (MRA) melalui perangkat lunak Stata. Kinerja keuangan diukur menggunakan Return on Assets (ROA), Return on Equity (ROE), dan Tobin’s Q, dengan ukuran komite audit sebagai variabel kontrol. Hasil penelitian menunjukkan bahwa kinerja CSR tidak berpengaruh signifikan terhadap kinerja keuangan perusahaan. Selain itu, Risk Management Committee tidak terbukti memoderasi hubungan antara CSR dan kinerja keuangan. Temuan ini mengindikasikan bahwa implementasi CSR belum secara langsung terkonversi menjadi kinerja keuangan, serta efektivitas RMC sebagai mekanisme tata kelola risiko masih bersifat terbatas dalam konteks perusahaan non-keuangan di Indonesia.
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This study aims to examine the effect of Corporate Social Responsibility (CSR) performance on financial performance and to analyze the moderating role of the Risk Management Committee (RMC) in non-financial companies listed on the Indonesia Stock Exchange (IDX) during the period 2020–2024. The study is motivated by increasing demands for corporate sustainability and risk governance in the post-COVID-19 business environment, as well as persistent inconsistencies in prior empirical findings regarding the CSR–financial performance relationship. A quantitative approach with a causal research design was employed. Secondary data were obtained from annual reports, sustainability reports, and CSR scores covering environmental and social dimensions sourced from the Bloomberg database. The sample was selected using purposive sampling. Data were analyzed using panel data regression with a Moderated Regression Analysis (MRA) framework, employing Stata software. Financial performance was measured using Return on Assets (ROA), Return on Equity (ROE), and Tobin’s Q, with audit committee size included as a control variable. The results indicate that CSR performance does not have a significant effect on financial performance. Furthermore, the presence of a Risk Management Committee does not significantly moderate the relationship between CSR and financial performance. These findings suggest that CSR implementation has not been directly translated into financial outcomes, and that the effectiveness of RMC as a risk governance mechanism remains limited in the context of non-financial companies in Indonesia.
| Item Type: | Thesis (Masters) |
|---|---|
| Uncontrolled Keywords: | Kata Kunci: Corporate Social Responsibility (CSR); Kinerja Keuangan; Risk Management Committee (RMC); Komite Audit. Keywords: Corporate Social Responsibility (CSR); Financial Performance; Risk Management Committee (RMC); Committee Audit. |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD30.28 Planning. Business planning. Strategic planning. H Social Sciences > HD Industries. Land use. Labor > HD58.7 Corporate culture. H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management H Social Sciences > HG Finance H Social Sciences > HJ Public Finance |
| Divisions: | Faculty of Creative Design and Digital Business (CREABIZ) > Business Management > (S2) Master Thesis |
| Depositing User: | Andriyana Kurnianisa Meiratri |
| Date Deposited: | 29 Jan 2026 02:53 |
| Last Modified: | 29 Jan 2026 02:53 |
| URI: | http://repository.its.ac.id/id/eprint/130865 |
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