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G ood Corporate governance 10 th Class of seminar in finance

Caroline Eva Mursito 16943. G ood Corporate governance 10 th Class of seminar in finance. Article from CRP. Identification of Role of Social Audit by Stakeholders as Accountability Tool in Good Governance. Theory used: Social audit Accountability Hypothesis:

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G ood Corporate governance 10 th Class of seminar in finance

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  1. Caroline Eva Mursito 16943 Good Corporate governance10th Class of seminar in finance

  2. Article from CRP Identification of Role of Social Audit by Stakeholders as Accountability Tool in Good Governance

  3. Theory used: • Social audit • Accountability • Hypothesis: • Social audit is for fixing the accountability by stakeholders

  4. Method of analysis: • The Test and Retest reliability • SPSS • Variables used: • The Test and Retest • by questionnaire to 30 stakeholders taken from 5 categories of stakeholders (citizen, legal professionals, political persons, bureaucracy / officials, and media) • Retest is done after 15 days interval • SPSS • Test and Retest • Pearson’s correlation coefficient

  5. Result of the analysis: • The largest responses both during test and retest are in the ‘agree’ category, those who have agreed with statement given. It is about the distribution of responses on the role of social audit • Conclusion: • Any good Governance initiative, Government and Corporate, will help in popularizing social audit as it has wider acceptability among stockholders

  6. Article from Student Corporate Social Responsibility and Financial Performance

  7. Theory used: • Corporate Social Responsibility (CSR) • Financial performance • Hypothesis: • There is positive relationship between corporate social responsibility and financial performance

  8. Method of analysis: • Cross-sectional time series regression analysis • Variables used: • Dependent variable: • Financial performance • Return on assets (ROA) • Return on equity (ROE) • Return on sales (ROS) • Independent variables: • Domini Index • KLD (Kinder Lydenberg Domini) social responsibility score

  9. Results of the analysis: • Higher scores indicate a better rating for the company corresponding to different aspects of CSR • KLD scores have stronger result than Domini index participation as the independent variable • ROA appears to be more closely related to the KLD score than the other two measures of financial performance (ROE and ROS) • Conclusion: • CRS is positively related to better financial performance and this relationship is statistically significant, supporting, therefore, the view that socially responsible corporate performance can be associated with a series of bottom-line benefits

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