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Socially Responsible Investing and Firm Performance: Preliminary Finding in Indonesian Industry During Covid-19
Due to the financial crisis that impacted abnormal economy, the role of business in society increases and make firm should behaving socially responsible. Corporate Social Performance clearly important for establishing market proprtions and business development prospects. The study is aim to analyze social and financial performance in non-financial industrial companies listed on the IDX for the 2019-2020 period. This research uses purposive sampling approach and the sample included infrastructure, health, basic material, nom-primer, and insutrial sector of firm listed IDX during 2019-2020. We use corporate social responsibility as proxy social performance and return on asset also return on equity for measuring firm performance. The study results shows that CSR tent increasing during covid-19 and impact to firm performance. A firm should give more attention for CSR disclosure as reporting of firm’s socially responsible investing. The firm facilitate social responsibility investing as well as giving assurance to other stakeholders that the firm is a trustworthy steward of those things stakeholders value.