CSR Practice and Asymmetry Information of Indonesian Public Listed Companies
Our study examines the relationship between Corporate Social Responsibility (CSR) practice and asymmetry information in the Indonesian Stock Exchange. We conjecture that these two concepts are negatively associated. To empirically test their association, we use the availability of CSR report, envir...
Main Authors: | , |
---|---|
Format: | Article |
Language: | English |
Published: |
Prasetiya Mulya Publishing
2018-06-01
|
Series: | International Research Journal of Business Studies |
Subjects: | |
Online Access: | http://irjbs.com/index.php/jurnalirjbs/article/view/1323 |
id |
doaj-4882d1cad2b442638fdc522123004bb7 |
---|---|
record_format |
Article |
spelling |
doaj-4882d1cad2b442638fdc522123004bb72020-11-24T23:18:44ZengPrasetiya Mulya PublishingInternational Research Journal of Business Studies2089-62712338-45652018-06-011114566doi.org/10.21632/irjbs.11.1.45-66CSR Practice and Asymmetry Information of Indonesian Public Listed CompaniesBerto Usman0Yennita Yennita1Department of Management, Faculty of Economics and Business, University of BengkuluFaculty of Teacher Training and Education, University of Bengkulu, Jl. W.R. Supratman Kandang Limun Bengkulu 38371Our study examines the relationship between Corporate Social Responsibility (CSR) practice and asymmetry information in the Indonesian Stock Exchange. We conjecture that these two concepts are negatively associated. To empirically test their association, we use the availability of CSR report, environmental score, and social score as the surrogate indicators of CSR practice. While, bid/ask spread (BAS) and price volatility (PV) are employed as the proxies of Asymmetry information. Using the quarterly data spans from the second quarter of 2012 to the fourth quarter of 2016, we collect as many as 39 companies that voluntarily disclosed their CSR-related information. To investigate the importance of CSR practice in the truncation of asymmetry information, we use the univariate analysis and multivariate analysis. We find that CSR practice is negatively associated with the asymmetry information. Our results remain consistently after we control for the firm-specific, year, and industry fixed-effect.http://irjbs.com/index.php/jurnalirjbs/article/view/1323CSRasymmetry informationenvironmentalsocial score |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Berto Usman Yennita Yennita |
spellingShingle |
Berto Usman Yennita Yennita CSR Practice and Asymmetry Information of Indonesian Public Listed Companies International Research Journal of Business Studies CSR asymmetry information environmental social score |
author_facet |
Berto Usman Yennita Yennita |
author_sort |
Berto Usman |
title |
CSR Practice and Asymmetry Information of Indonesian Public Listed Companies |
title_short |
CSR Practice and Asymmetry Information of Indonesian Public Listed Companies |
title_full |
CSR Practice and Asymmetry Information of Indonesian Public Listed Companies |
title_fullStr |
CSR Practice and Asymmetry Information of Indonesian Public Listed Companies |
title_full_unstemmed |
CSR Practice and Asymmetry Information of Indonesian Public Listed Companies |
title_sort |
csr practice and asymmetry information of indonesian public listed companies |
publisher |
Prasetiya Mulya Publishing |
series |
International Research Journal of Business Studies |
issn |
2089-6271 2338-4565 |
publishDate |
2018-06-01 |
description |
Our study examines the relationship between Corporate Social
Responsibility (CSR) practice and asymmetry information in the Indonesian Stock Exchange. We conjecture that these two concepts are negatively associated. To empirically test their association, we use the availability of CSR report, environmental score, and social score as the surrogate indicators of CSR practice. While, bid/ask spread (BAS) and price volatility (PV) are employed as the proxies of Asymmetry information. Using the
quarterly data spans from the second quarter of 2012 to the fourth quarter of 2016, we collect as many as 39 companies that voluntarily disclosed their CSR-related information. To investigate the importance of CSR practice in the truncation of asymmetry information, we use the univariate analysis and multivariate analysis. We find that CSR practice is negatively associated
with the asymmetry information. Our results remain consistently after we control for the firm-specific, year, and industry fixed-effect. |
topic |
CSR asymmetry information environmental social score |
url |
http://irjbs.com/index.php/jurnalirjbs/article/view/1323 |
work_keys_str_mv |
AT bertousman csrpracticeandasymmetryinformationofindonesianpubliclistedcompanies AT yennitayennita csrpracticeandasymmetryinformationofindonesianpubliclistedcompanies |
_version_ |
1725580271661613056 |