Financial Performance, Financial Risks and Sentiment of CSR Disclosure
DOI:
https://doi.org/10.24246/persi.v8i1.p48-61Keywords:
financial performance, financial risk, Sentiments of CSR Disclosure, size, number of wordsAbstract
This study aims to test the influence of financial performance and financial risk on the sentiments of the CSR Disclosure, using organizations’ size and the number of words in the CSR Disclosure as the control variables. Secondary data for this study were acquired from the Food and beverages Companies listed on the Indonesia Stock Exchange from 2018 to 2021. The sampling was conducted using the purposive sampling method, while the data analysis was completed using Lexicon Based Approach and regression panel data. The results show that financial performance measured using Return on Asset, and financial risks measured using Debt to Asset Ratio have positive impacts on Sentiments of CSR Disclosure. The results are supported by the robustness test which shows that high ROA positively affects Sentiments of CSR Disclosure, and low ROA negatively affects Sentiments of CSR Disclosure. Meanwhile, high DAR negatively affects CSR disclosure ratio and low DAR does not affect Sentiments of CSR Disclosure.
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