Version 1
: Received: 5 May 2021 / Approved: 7 May 2021 / Online: 7 May 2021 (15:25:04 CEST)
Version 2
: Received: 29 May 2021 / Approved: 31 May 2021 / Online: 31 May 2021 (13:23:05 CEST)
How to cite:
Istianingsih, I.; Rizal Putri, V.; Grace Haque, M. Strengthen the Impact of CSR Information and Audit Quality on Investment Decisions: The Role of Good Corporate Governance in ASEAN Countries. Preprints2021, 2021050148. https://doi.org/10.20944/preprints202105.0148.v2
Istianingsih, I.; Rizal Putri, V.; Grace Haque, M. Strengthen the Impact of CSR Information and Audit Quality on Investment Decisions: The Role of Good Corporate Governance in ASEAN Countries. Preprints 2021, 2021050148. https://doi.org/10.20944/preprints202105.0148.v2
Istianingsih, I.; Rizal Putri, V.; Grace Haque, M. Strengthen the Impact of CSR Information and Audit Quality on Investment Decisions: The Role of Good Corporate Governance in ASEAN Countries. Preprints2021, 2021050148. https://doi.org/10.20944/preprints202105.0148.v2
APA Style
Istianingsih, I., Rizal Putri, V., & Grace Haque, M. (2021). Strengthen the Impact of CSR Information and Audit Quality on Investment Decisions: The Role of Good Corporate Governance in ASEAN Countries. Preprints. https://doi.org/10.20944/preprints202105.0148.v2
Chicago/Turabian Style
Istianingsih, I., Vidiyanna Rizal Putri and Marissa Grace Haque. 2021 "Strengthen the Impact of CSR Information and Audit Quality on Investment Decisions: The Role of Good Corporate Governance in ASEAN Countries" Preprints. https://doi.org/10.20944/preprints202105.0148.v2
Abstract
This research contributes to the development of theories regarding the relationship between Corporate Social Responsibility (CSR) and investment decisions. Acquisition of stock returns that exceed normal predictions depends on the successful implementation of Good Corporate Governance (GCG). This study aims to examine investors' reactions to information on CSR disclosure in several countries that are members of the Association of Southeast Asian Nations (ASEAN). Furthermore, this study also examines the role of implementing GCG in strengthening the impact of CSR disclosure on investor relations as measured by abnormal stock returns. The sampling technique used was purposive Sampling. The research was conducted on Manufacturing Companies in countries that are members of ASEAN during 2017-2019. The estimation model used to analyze data is a multiple regression model. The results showed that CSR information was able to increase investors' positive reactions. Meanwhile, GCG practice is proven to strengthen the impact of CSR information on investment decisions. Other variables involved in this study, namely audit quality, company size, debt level, and sales growth, are not proven to influence abnormal stock returns.
Keywords
Corporate Social Responsibility; information; Good Corporate Governance; abnormal stock return; audit quality
Subject
Business, Economics and Management, Accounting and Taxation
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Received:
31 May 2021
Commenter:
Istianingsih Istianingsih
Commenter's Conflict of Interests:
Author
Comment:
We add in the abstract that this research also involves the audit quality variable as an independent variable. We also add to the practical contribution of the results of this research. Thus the research title changed to Strengthen the Impact of CSR Information and Audit Quality on Investment Decisions: The Role of Good Corporate Governance in ASEAN Countries. I also corrected the wrong second author name. Please help and thank you very much. Thank you
Commenter: Istianingsih Istianingsih
Commenter's Conflict of Interests: Author
Thus the research title changed to Strengthen the Impact of CSR Information and Audit Quality on Investment Decisions: The Role of Good Corporate Governance in ASEAN Countries. I also corrected the wrong second author name. Please help and thank you very much. Thank you