CONTRIBUTION OF CORPORATE SOCIAL RESPONSIBILITY, GOOD CORPORATE GOVERNANCE AND TAX AVOIDANCE TO THE ENERGY SECTOR’S FINANCIAL PERFORMANCE
Abstract
This study aims to examine the effect of corporate social responsibility, good corporate governance and tax avoidance on the financial performance of energy sector mining companies listed on the Indonesia Stock Exchange. This research uses a quantitative approach with descriptive and associative methods. The sample was selected using purposive sampling technique and 30 observations were obtained based on certain criteria, with the observation period during 2023. Financial performance is measured by profitability ratio proxied by return on equity. The data analysis technique uses multiple linear regression. The results show that corporate social responsibility disclosure and good corporate governance have an effect on financial performance as measured by return on equity, while tax avoidance has no significant effect on financial performance. The implications of these findings suggest that companies need to prioritize CSR as part of their business strategy, as consistent implementation can increase public trust. In addition, constructive oversight through the role of an independent board of commissioners is important to support sustainability-oriented decisions. Although tax avoidance has not been shown to have a significant impact on financial performance, companies are advised to avoid aggressive tax avoidance strategies and focus more on compliance and transparency in financial reporting.
References
1. P. Simatupang, S. Martina, and C. Anggraini, Jurnal Ekonomi USI 5, (2023)
2. Kementerian Energi dan Sumber Daya Mineral, Kementerian Energi Dan Sumber Daya Mineral (2024)
3. D. H. Wiandani, … Studi Akuntansi Pajak Keuangan (2024)
4. S. L. Rahayu, R. Asmeri, and L. D. Silvera, Pareso Jurnal, Vol. 5, No. 3, September 2023, Hal. 183-200 Vol. 5, No. 3, (2023)
5. W. F. I. Putri, CNBC Indonesia (2023)
6. P. P. C. Malau, M. Ismail, and M. Susanti, Jurnal Akademi Akuntansi Indonesia Padang 4, (2024)
7. A. H. Pertiwi, Peran Pengungkapan Tanggung Jawab Sosial Dan Mekanisme Tata Kelola Perusahaan Yang Baik Dalam Meningkatkan Kinerja Keuangan Perusahaan, Universitas Islam Indonesia, 2024
8. A. S. Diva and A. Hariyono, Akuntansi 3, 354 (2024)
9. N. Huda and P. Aliah, Jurnal Cahaya Mandalika 5, (2024)
10. R. Abigel and L. S. Sudjiman, Journal Transformation of Mandalika 3, (2022)
11. E. Platonova, M. Asutay, R. Dixon, and S. Mohammad, Journal of Business Ethics 151, 451 (2018)
12. A. Prahendratno, H. Samsuddin, Paringsih, T. wartono, M. M. Octadyla, R. Nurmala, F. Mulia, sufianty, T. Zafar, R. Endrasprihatin, A. Riswanto, E. D. Desi, K. A. Adisaputra, A. D. M. N. Mayasari, S. Afiyah, F. Widiastuti, A. Hikmat, D. Budiman, R. Mulyani, A. D. Irawan, and A. J. N. Novel, in Cet 1 (PT. Sonpedia Publishing Indonesia, Jambi, 2023)
13. L. Sa’adah and E. Sudianto, Jurnal Manajemen Dirgantara Vol.15, No.1, juni (2022)
14. M. Fharaswati, Pengaruh Good Corporate Governance Terhadap Kinerja Keuangan Perusahaan Pada Perusahaan Sub Sektor Property Dan Real Estate Yang Terdaftar Di Bursa Efek Indonesia Periode 2014-2018, Fakultas Ekonomi Universitas Pakuan Bogor, 2020
15. R. Anggara, Jurnal Ilmu Sosial Dan Ilmu Politik Interdisiplin 10, (2023)
16. U. Putri, Jurnal Akutansi (JA) 10, (2022)
17. N. L. Wati, R. G. Syahdam, and B. Prambudi, Jurnal Ecodemica 3, (2019)
18. L. Dayani and D. Suryandari, IJAB Indonesian Journal of Accounting and Business 4, 1 (2022)
19. S. Sophian and E. J. Putra, Jurnal Akutansi 3, (2022)
20. R. A. Maulani, N. Norisanti, and E. Sunarya, Journal of Economic, Business and Accounting 5, (2021)
21. I. Halimah, N. Norisanti, and F. Mulia, 10, (2019)
22. M. Saifi, Jurnal Profit 13, (2019)
23. D. L. Silvera, Heriyani, and Sahara, Jurnal Akademi Akuntansi Indonesia Padang 4, 35 (2024)
24. M. Purnamasari and Yuniarwati, Jurnal Multiparadigma Akutansi 6, 209 (2024)
