This research is analyzed the aspect of financial performance as a determinant of Corporate Social Responsibility (CSR) disclosure, particularly leverage, profitability and firm size. These variables are considerable in this decade. Leverage as one of the risk measurements, tend to be a negative or insignificant relationship on CSR disclosure, since leverage is considered as an indicator to limit CSR activities. This study aimed to analyze the relationship of leverage and CSR disclosure in public companies in Indonesia due to different situations in the implementation of CSR compared to the researches in other developing countries. The results of the study provide empirical evidence that leverage has a positive effect on CSR disclosure in public companies in Indonesia, both those in the financial and non-financial industries.
Volume 12 | Issue 5
Pages: 449-455
DOI: 10.5373/JARDCS/V12I5/20201959