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When finances shake, do ethics break? The impact of financial instability on firm performance and CSR in Indonesian manufacturing


 
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1. Title Title of document When finances shake, do ethics break? The impact of financial instability on firm performance and CSR in Indonesian manufacturing
 
2. Creator Author's name, affiliation, country Choirul Istiyanto; Universitas Sebelas Maret; Indonesia
 
2. Creator Author's name, affiliation, country Tastaftiyan Risfandy; Universitas Sebelas Maret; Indonesia
 
3. Subject Discipline(s)
 
3. Subject Keyword(s) Corporate social responsibility; financial instability; corporate financial performance; manufacturing companies
 
3. Subject Subject classification corporate finance
 
4. Description Abstract

This study examines the influence of corporate social responsibility on the company's financial performance during periods of financial instability. The sample of this study is manufacturing companies in the basic and chemical industries listed on the Indonesia Stock Exchange (IDX) for the 2014-2022 period. This study uses secondary data from the company's financial statements and annual reports. The test results show that during the period of financial instability, the relationship of corporate social responsibility to the company's financial performance weakens. This study proves that financial instability moderates the relationship between CSR and corporate financial performance. The results of this study show a linear and non-linear pattern in the relationship between CSR and financial performance during periods of financial instability. These findings emphasize the importance of managing CSR portfolios and prudence in resource allocation during periods of financial instability.

 
5. Publisher Organizing agency, location Universitas Sebelas Maret
 
6. Contributor Sponsor(s)
 
7. Date (YYYY-MM-DD) 2025-05-11
 
8. Type Status & genre Peer-reviewed Article
 
8. Type Type
 
9. Format File format PDF
 
10. Identifier Uniform Resource Identifier https://jurnal.uns.ac.id/SMBR/article/view/100352
 
10. Identifier Digital Object Identifier https://doi.org/10.20961/smbr.v10i1.100352
 
11. Source Title; vol., no. (year) Sebelas Maret Business Review; Vol 10, No 1 (2025): June 2025 (Article in progress)
 
12. Language English=en en
 
13. Relation Supp. Files
 
14. Coverage Geo-spatial location, chronological period, research sample (gender, age, etc.)
 
15. Rights Copyright and permissions Copyright (c) 2025 Choirul Istiyanto
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