ANALISIS PERBEDAAN KINERJA KEUANGAN PERUSAHAAN SEBELUM DAN SESUDAH PENGUMUMAN INDONESIA SUSTAINABILITY REPORTING AWARD (ISRA) 2007

Oleh :
Ulfah Fitriana - F1307514 - Fak. Ekonomi dan Bisnis

Abstract This research studies differences of financial performance before and after the Indonesia Sustainability Reporting Awards (ISRA) announcement. This research uses financial informations, there are financial ratios ( Liquidity, Solvability, Activity, Profitability) and EVA (economic Value Added). The research samples are 9 companies which accept the appreciation of ISRA period 2007. The research data that used is secondary data that consist of annual report and financial statement in 2004-2008. Hypothese are tested by Paired Sample t test. The Result of this research proves that there is significant difference in liquidity ratio (Current Ratio, Working capital Asset Ratio, Activity ratio (Turnover asset ratio), and profitability ratio (ROI and ROE) between the ISRA announcement, but in Solvability ratio (DER and DCAR), Activity ratio (WCAP) and EVA is not difference. Keywords : sustainability reporting, CSR, financial performance.