Analysis of Corporate Social Responsibility (CSR) Disclosure Toward Tax Aggressivity and Its Impacts on Investor Reaction

Nela Safelia, Reni Yustien, Widya Sari Wendri, Afrizal .


This study was administered to analyze and obtain empirical evidence regarding Corporate Social Responsibility (CSR) disclosure on tax aggressiveness and the impact of corporate CSR disclosure and tax aggressiveness on investor reactions. The population of this study were manufacturing companies listed on the Indonesia Stock Exchange (BEI) in 2016-2018. Samples were 147 companies selected using purposive sampling technique. Path analysis was performed to analyze the data of this study. The results of this study showed that CSR disclosure negatively affected the tax aggressiveness and CSR affected investor reactions. Further, tax aggressiveness did not affect investor reactions. In addition, CSR disclosure and tax aggressiveness did not share simultaneous influence on investor reactions.

Keywords: CSR Disclosure, tax aggressiveness, Investor Reaction, Profitability, Company Size and Leverage

DOI: 10.7176/RJFA/11-22-10

Publication date: November 30th 2020

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