Voluntary Disclosure and Earning Responses Coefficient and with Corporate Social Responsibility as Intervening Variable

Suryani, Arna (2019) Voluntary Disclosure and Earning Responses Coefficient and with Corporate Social Responsibility as Intervening Variable. Accounting & Finance Review, 4 (3). pp. 72-78. ISSN 0128-2611

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Abstract

Objective � This research aims to find out how corporate social responsibility as an intervening variable on voluntary disclosure and earning responses coefficient.Methodology/Technique � The research sample was retrieved from LQ45 companies listed on the Indonesia Stock Exchange which consistently disclosure annual reports and sustainability reports for the period of 2017-2018. In analyzing the data, Structural Equation Modelling (SEM) with the support of SmartPLS (Partial Least Square) are used.Findings � Results show that voluntary disclosure has a positive and significant effect towards earning responses coefficient while voluntary disclosure has a negative effect towards corporate social responsibility. Moreover, corporate social responsibility also shows a negative effect towards Earning responses coefficient. Voluntary disclosure with corporate social responsibility as an intervening variable also shows a negative effect towards Earning responses coefficient.Voluntary disclosure can explain the variability of corporate social responsibility construct of 13,2%. Meanwhile, voluntary disclosure and corporate social responsibility can explain the variability of earning response coefficient construct of 22,7%, so that those two values are categorized as weak.Novelty � The results indicate that investors did not pay attention to the information of ccorporate social responsibility (CSR) that are shown in the annual financial reports. However, they give a positive response to voluntary disclosure of the company so that it effects the increase of Earning response coefficient.Type of Paper: Empirical

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