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Anita Sari
Universitas Muhammadiyah Sidoarjo
Medicine & Pharmacology Public Health

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CSR, Environmental Performance, and Financial Outcomes: Indonesian Food Industry Insights: CSR, Kinerja Lingkungan, dan Hasil Keuangan: Wawasan Industri Makanan Indonesia Anita Sari; Imelda Dian Rahmawati
Academia Open Vol. 9 No. 1 (2024): June
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/acopen.9.2024.5704

Abstract

This study aims to assess the impact of corporate social responsibility (CSR) and environmental performance on financial performance in Indonesian food and beverage companies. The study uses a quantitative method and a purposive sampling technique to select a sample of 14 companies listed on the Indonesia Stock Exchange from 2019 to 2020. The results show that CSR has a negative and significant impact on financial performance, while environmental performance has a positive and significant impact on financial performance. These findings suggest that companies should prioritize environmental performance to improve their financial performance.Highlights : CSR Impact: Significant negative influence on financial performance in Indonesian food and beverage companies. Environmental Performance: Positively correlates with financial outcomes, emphasizing its importance in business strategies. Sustainable Prioritization: Companies urged to prioritize environmental performance for enhanced financial results. Keywords:CSR, Environmental Performance, Financial Performance, Indonesian Companies, Sustainable Business
Co-Authors Imelda Dian Rahmawati