DOES CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE INCREASE THE STOCK PRICE CRASH RISK? EVIDENCE FROM INDONESIA
نویسندگان
چکیده
Indonesia fully supports efforts to disclose corporate social responsibility (CSR) increase awareness of issues regarding the environment globally, as stated in Sustainable Development Goals (SDGs). The connection between disclosure and stock price crash risk is examined this study. Furthermore, we analyse check robustness endogeneity avoid variable bias selections. study uses its sample companies that are listed on Stock Exchange follow Global Reporting Initiative (GRI) for responsibility. It found with disclosures have a positive relationship risk. Empirically, finding contributes broadening scope CSR research, while described line prices This shows reporting has another side, which can be explained by management tactics. Thus, provides new, broader, picture related characteristics events Indonesia, showing patterns result from interventions.
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ژورنال
عنوان ژورنال: Jurnal Akuntansi dan Keuangan Indonesia
سال: 2023
ISSN: ['1829-8494', '2406-9701']
DOI: https://doi.org/10.21002/jaki.2023.05