The Determinants of Company Financial Performance: Evidence from Indonesian stock exchange on Mining Sector
DOI:
https://doi.org/10.1229/tecempresarialjournal.v18i2.228Keywords:
Financial performance; CSR disclosure; ERM disclosureAbstract
Mining companies have a corporate image that is not compatible with environmental preservation. However, on the other hand the corporate social responsibility program must be carried out to account for the company's activities against environmental damage that occurs. This phenomenon is an interesting thing to study, with the motivation to illustrate that mining companies also have a social responsibility to protect their environment from damage caused by company activities. Enterprise risk management is also an important component to provide the company with a strategy for dealing with risk. The participants in this study were taken from all shares of mining companies listed on IDX in 2018-2021. The data analysis technique used was the panel data regression test with Eviews. The results showed that Corporate Social Responsibility has a significant positive effect on the company's financial performance as measured by ROE and OPM proxies. Enterprise Risk Management has a significant positive effect on the company's financial performance as measured by ROE and ROI proxies.
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