Muhktar Safaat, Usdeldi Usdeldi, Muthmainnah Muthmainnah, Nurfitri Martaliah Nurfitri Martaliah

PENGARUH PENINGKATAN PENGUNGKAPAN ISLAMIC SOCIAL REPORTING (ISR) PADA PERUSAHAAN INDUSTRI BARANG KONSUMSI

Introduction

Pengaruh peningkatan pengungkapan islamic social reporting (isr) pada perusahaan industri barang konsumsi. Penelitian ini mengkaji pengaruh profitabilitas dan leverage terhadap Islamic Social Reporting (ISR) pada perusahaan syariah Indonesia. Menunjukkan faktor non-keuangan lebih dominan.

Abstract

This study aims to analyze the impact of profitability and Leverage on Islamic Social Responsibility (ISR) in companies listed on the Indonesian Sharia Stock Index (ISSI) during the period from 2019 to 2022. The variables used in this research include Return on Assets (ROA) as an indicator of profitability and Debt to Asset Ratio (DAR) as an indicator of Leverage. The regression results indicate that both ROA and DAR do not have a significant partial effect on ISR, with pvalues greater than 0.05. This suggests that changes in profitability and Leverage do not directly influence the corporate social responsibility performance during this period. Furthermore, the regression model analysis shows that simultaneously, both independent variables also do not have a significant effect on ISR, as indicated by the high p-value. These findings suggest that other factors, including moral aspects and adherence to Sharia principles, may play a more influential role in determining ISR compared to financial performance. This study provides implications for company management to consider non-financial factors in implementing ISR and highlights the need for further research to explore other variables that may affect corporate social responsibility.

Review

This paper investigates the impact of profitability (ROA) and leverage (DAR) on Islamic Social Reporting (ISR) among companies listed on the Indonesian Sharia Stock Index (ISSI) from 2019 to 2022. The research addresses a relevant and timely topic within Islamic finance, aiming to understand the drivers of corporate social responsibility in a Sharia-compliant context. The clear articulation of the research objectives and the chosen financial metrics demonstrates a foundational understanding of empirical research design. The specified timeframe and sample contribute to the study's focus, offering insights into recent trends within the Indonesian market. The study's key finding indicates that neither profitability nor leverage, individually or simultaneously, significantly influences ISR during the examined period. This null finding is a notable result, challenging conventional wisdom that financial performance often correlates with CSR initiatives. The authors interpret this by suggesting that non-financial factors, such as moral aspects and adherence to Sharia principles, may play a more dominant role. However, the abstract lacks crucial details regarding the operationalization and measurement of "Islamic Social Reporting (ISR)." Given the title's emphasis on "pengungkapan" (disclosure), clarity on whether ISR is measured as a disclosure index, and if so, the specific framework or components used, would significantly strengthen the methodological rigor and allow for a better understanding of the dependent variable. While the study provides valuable implications for management to consider non-financial aspects in ISR implementation, further research is indeed warranted to explore these suggested alternative drivers. Future studies could benefit from developing robust quantitative measures for "moral aspects" and "adherence to Sharia principles" to empirically test their influence. Additionally, exploring potential alternative financial metrics or incorporating a broader range of control variables might provide a more nuanced understanding. Clarification on the methodology for ISR measurement, as well as a more detailed discussion of potential limitations of the chosen variables or sample, would enhance the overall contribution and allow for more confident conclusions from these intriguing findings.

Full Text

Comments

You need to be logged in to post a comment.