Sagita Charolina Sihombing, Venny Piuty, Dina Agnesia Sihombing

PENGARUH CURRENT RATIO, DEBT TO EQUITY RATIO, RETURN ON EQUITY RATIO DAN UKURAN PERUSAHAAN TERHADAP CORPORATE SOCIAL RESPONSIBILITY PADA SEKTOR PROPERTY & REAL ESTATE

Introduction

Pengaruh current ratio, debt to equity ratio, return on equity ratio dan ukuran perusahaan terhadap corporate social responsibility pada sektor property & real estate. Telusuri pengaruh Current Ratio, Debt to Equity Ratio, ROE, dan Ukuran Perusahaan terhadap CSR pada sektor properti & real estate di Indonesia 2019-2023.

Abstract

This research aims to determine the effect of Current Ratio (CR), Debt to Equity Ratio (DER), Return on Equity Ratio (ROE) and Firm Size on Corporate Social Responsibility in property and real estate company sector listed on the Indonesian Stock Exchange for the period 2019 - 2023. This research uses secondary data. The sampling technique in this research used purposive sampling. The number of samples obtained was 35 companies. The analytical method for this research uses descriptive and linear regression analysis using the IBM SPSS (Software Statistical Package for Social Science) program. From this research, it can be concluded that Current Ratio, Debt to Equity Ratio and Firm Size have a significant influence on Corporate Social Responsibility while Return on Equity Ratio (ROE) has no effect on corporate Social Responsibility. Penelitian ini bertujuan untuk mengetahui pengaruh Current Ratio (CR), Debt to Equity Ratio (DER), Return on Equity Ratio (ROE) dan Firm Size terhadap Corporate Social Responsibility pada perusahaan sektor properti dan real estate yang terdaftar di Bursa Efek Indonesia periode 2019 - 2023. Penelitian ini menggunakan data sekunder. Teknik pengambilan sampel dalam penelitian ini menggunakan purposive sampling. Jumlah sampel yang diperoleh sebanyak 35 perusahaan. Metode analisis penelitian ini menggunakan analisis deskriptif dan regresi linier dengan menggunakan program IBM SPSS (Software Statistical Package for Social Science). Dari penelitian ini dapat disimpulkan bahwa Current Ratio, Debt to Equity Ratio dan Firm Size berpengaruh signifikan terhadap Corporate Social Responsibility sedangkan Return on Equity Ratio (ROE) tidak berpengaruh terhadap Corporate Social Responsibility.

Review

This study provides a focused examination of the determinants of Corporate Social Responsibility (CSR) within the Indonesian property and real estate sector. By investigating the influence of Current Ratio (CR), Debt to Equity Ratio (DER), Return on Equity (ROE), and Firm Size, the research aims to shed light on the financial and structural factors shaping CSR engagement in this specific industry. Utilizing secondary data from 35 purposively sampled companies listed on the Indonesian Stock Exchange during the 2019-2023 period, the methodology employs descriptive and linear regression analysis via IBM SPSS, offering a quantitative approach to understanding these complex relationships. The core findings indicate that Current Ratio, Debt to Equity Ratio, and Firm Size significantly impact Corporate Social Responsibility. This suggests that a company's immediate liquidity, its reliance on debt versus equity financing, and its overall scale are important considerations for its CSR involvement within the property and real estate sector. Intriguingly, the study concludes that Return on Equity Ratio (ROE) has no significant effect on CSR. This particular finding warrants further attention, implying that shareholder profitability, when measured by ROE, does not directly translate into increased or decreased CSR activities for the observed companies in this context. This research contributes valuable, recent empirical data from an important sector in an emerging economy. The specific focus on Indonesian property and real estate companies over a recent five-year period enhances its contextual relevance. However, the study's reliance on secondary data, while efficient, may limit insights into the nuanced qualitative factors driving CSR decisions. Moreover, while a sample of 35 companies is adequate for the chosen methodology, it might constrain the broader generalizability of the findings. Future research could enrich this area by incorporating qualitative approaches, exploring potential mediating or moderating variables, or conducting comparative studies across different industries or geographical regions to further unravel the specific drivers and non-drivers of CSR, especially concerning the observed non-effect of ROE.

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