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"Penelitian ini bertujuan untuk melakukan penelitian mengenai pengungkapan tanggung jawab sosial CSR di perusahaan-perusahaan Indonesia. Penelitian ini membagi CSR menjadi yang dua karakteristik yaitu CSR Inti dan Umum. CSR inti adalah CSR yang memperlihatkan kinerja nyata dan CSR Umum adalah pengungkapan CSR yang bersifat umum atau mudah untuk dimanipulasi. Sampel yang digunakan adalah 102 perusahaan dari semua sektor industri dengan klasifikasi GCIS yang terdaftar di Bursa Efek Indonesia tahun 2015. Pengukuran CSR dilakukan dengan analisis isi laporan keuangan yang memakai koding Clarkson et al. 2008 modifikasi. Kemudian penelitian ini juga menguji hubungan antara CSR Inti dan Umum dengan biaya tanggung jawab sosial serta price to book ratio 2015 dan 2016. Hubungan ini diuji dengan Spearman rank correlation test. Hasil penelitian ini memperlihatkan bahwa jumlah pengungkapan CSR di Indonesia masih rendah dan tingkat pengungkapan CSR Umum lebih tinggi secara signifikan daripada CSR Inti. Penelitian ini juga menemukan bahwa ada perbedaan signifikan antara tingkat pengungkapan high profile dan low profile industry. Ditemukan pula bahwa CSR Inti memiliki hubungan positif dengan biaya CSR di keseluruhan industri, dan pada industri high profile, CSR Umum memiliki hubungan positif signifikan dengan biaya CSR. Selain itu ditemukan hubungan positif signifikan antara CSR Inti price to book ratio 2016 pada jenis industri high profile.

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This research aims to do research about the level of corporate social responsibility of firms in Indonesia. This research differs between two different CSR characteristics that are core CSR and general CSR. Core CSR disclosure is CSR that show real performance and General CSR is CSR that is easy to manipulate. The sample used is 102 companies from all industry sectors with GCIS classification listed in Indonesia Stock Exchange 2015. The measurement of CSR disclosure is done by content analysis that used the modification of Clarkson et al. 2008 coding index. This research also tests the relationship between Core and General CSR with CSR Expenditure and price to book ratio 2015 and 2016. This relationship is tested with Spearman rank correlation test. The results of this study show that the number of CSR disclosures in Indonesia is still low and the level of General CSR disclosure is significantly higher than the Core CSR. The study also found that there is a significant difference between disclosure level of high profile industry and the low profile industry. It was also found that Core CSR has a positive relationship with CSR expenditure, and in high profile industry, General CSR have a significant positive relationship with CSR expenditure. In addition, there is a positive significant relationship between Core CSR and price to book ratio 2016 in high profile industry."

"Penelitian ini bertujuan untuk mengevaluasi performa keuangan dari tiga perusahaan sawit yang terdaftar di Bursa Efek Indonesia (BEI), baik sebelum dan selama masa pandemi Covid-19 berlangsung. Evaluasi dilakukan terhadap PT Sawit Sumbermas Sarana Tbk (SSMS), PT Perusahaan Perkebunan London Sumatera Indonesia (PP London), dan PT Astra Agro Lestari Tbk (AALI) menggunakan data keuangan selama enam tahun dari tahun 2015 sampai dengan 2020 dengan analisis berbasis laporan keuangan, capital invested, dan nilai pasar saham. Berdasarkan analisis berbasis laporan keuangan, SSMS merupakan perusahaan yang memiliki ROA dan ROE paling stabil, baik sebelum maupun pada masa pandemi Covid-19 dibandingkan PP London dan AALI. Kemudian berdasarkan analisis berbasis capital invested dengan MVA seluruh perusahaan mampu memberikan wealth creation bagi pemegang saham baik sebelum maupun pada masa pandemi Covid-19. Sedangkan dengan EVA memberikan hasil yang kontras, yaitu AALI dengan EVA negatif, baik sebelum dan selama pandemi Covid-19 sedangkan dua perusahaan lainnya hanya mengalami EVA negatif sebelum pandemi Covid-19 berlangsung. Selanjutnya berdasarkan analisis berbasis nilai pasar dengan PER memperlihatkan bahwa AALI unggul selama periode penelitian dibandingkan PP London dan SSMS. Sedangkan dengan PBV SMSS memiliki harga saham diperdagangkan yang lebih tinggi dibandingkan dengan nilai asetnya, yaitu tergambar dari nilai PBV yang lebih tinggi dibanding dua perusahaan.

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This study aims to evaluate the financial performance of three palm oil companies listed on the Indonesia Stock Exchange (IDX), both before and during the Covid-19 pandemic. The evaluation was carried out on PT Sawit Sumbermas Sarana Tbk (SSMS), PT Perusahaan Perkebunan London Sumatra Indonesia (PP London), and PT Astra Agro Lestari Tbk (AALI) using financial data for six years from 2015 to 2020 with analysis based on financial statements, invested capital, and stock market value. Based on an analysis based on financial reports, SSMS is a company that has the most stable ROA and ROE, both before and during the Covid-19 pandemic, compared to PP London and AALI. Then, based on an analysis based on capital invested with MVA, all companies were able to provide wealth creation for shareholders both before and during the Covid-19 pandemic. Meanwhile, EVA gave contrasting results, namely AALI with negative EVA, both before and during the Covid-19 pandemic, while the other two companies only experienced negative EVA before the Covid-19 pandemic took place. Furthermore, based on market value-based analysis with PER, it shows that AALI was superior during the study period compared to PP London and SSMS. Meanwhile, with PBV, SMSS has a traded share price that is higher than the value of its assets, which is illustrated by the higher PBV value compared to the two companies. "

"Penelitian ini secara empiris untuk menganalisis struktur modal suatu perusahaan dengan memperhatikan faktor - faktor berupa firm age, firm size, tangibility, turnover, current ratio, retained earning, price to book ratio, business cycle effect dalam 186 perusahaan non finansial yang terdaftar di BEI selama lima tahun dari tahun 2010 ndash; 2014. Pengujian ini dilakukan dengan model regresi Generalized Least Square GLS.Penelitian ini menunjukkan bahwa ukuran perusahaan, perputaran total aset, rasio lancar, rasio nilai buku, laba ditahan, dan business cycle effect berpengaruh signifikan terhadap struktur modal perusahaan non finansial, disisi lain umur perusahaan, aset berwujud tidak berpengaruh signifikan terhadap struktur modal suatu perusahaan non finansial di era tahun 2010 hingga 2014.

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This research is aimed to analyze the effect of company rsquo s capital structure towards to many factors such as firm age, firm size, tangibility, turnover, current ratio, retained earning, price to book ratio, business cycle effect by taking sample 186 non financial companies that listed in Indonesia Stock Exchange within 2010 ndash 2014. The test were conducted with Generelized Least Square GLS.The result of this research found that firm size, turnover, current ratio, price to book ratio, retained earning,and business cycle effect have significantly influence to non financial company rsquo s capital structure, but the other side firm age, tangibility, and have not significantly influence to non financial company rsquo s capital structure in the era within 2010 ndash 2014."