Corporate Social Responsibility (CSR) Disclosure on Financial Performance in Manufacturing Companies on the Indonesia Stock Exchange

The level of Corporate social responsibility disclosure and financial performance, shows that companies that are more transparent in Corporate social responsibility disclosure tend to have better financial performance. High Corporate social responsibility disclosure is positively associated with firm financial performance, indicating that transparency and commitment to social responsibility can provide long-term financial benefits. Companies are expected to increase their corporate social responsibility disclosure as a strategy to improve reputation and financial performance. This conceptual literature research explores the commitment to disclose Corporate social responsibility on financial performance in Manufacturing Companies on the Indonesia Stock Exchange. This research uses a conceptual framework that combines narrative analysis and literature review. Articles were found through online searches and using management journal databases, including Scopus, Science Direct, EBSCO, Emerald, and Elsevier. Findings, If investors do not pay a premium for the shares of companies that disclose more non-financial information such as corporate social responsibility. Therefore, companies are not expected to increase CSR disclosure as another mechanism to increase market value or asset value from a shareholder perspective. Overall, these studies underline the importance of CSR disclosure.