Corporate Social Responsibility Implementation and Productivity : Evidence from Manufacturing Corporations in Indonesia

This study aims to investigate the impact of Corporate Social Responsibility (CSR) and Productivity of the manufacturing corporations that is listed on Indonesia Stock Exchange from 2007-2013. Corporate Social Responsibility (CSR), known as the element of sustainability reporting, provides crucial information relating social aspect, environmental impact, occupational safety, human rights, and energy utilization of the corporations. The control variables are used in this study are size, growth opportunity, Return on Assets (ROA) and Leverage ratio. The samples are manufacturing corporations which are listed on Indonesia Stock Exchange (IDX) period 2004-2013. The data are the Annual Report and Financial Report from each corporation and collected from Indonesia StockExchange and Indonesia Capital Market Directory (ICMD). Based on the statistical result of the study, only CSR variable that significantly affects the productivity in positive sign. However, other control variables give various sign but not significantly influence.