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What is the impact of economic welfare on social responsibility disclosure on Indonesian manufacturing companies? 1 Graduate student of Merdeka University of Malang, Canal Raya Dieng Road Number 59, Malang, 65146, Indonesia Abstract This research was conducted with the aim of being able to prove that the economic welfare of the community is related and has an influence on the existence of corporate social responsibility activities with the alignment of the concept of legitimacy. The findings in this study assume the existence of the Covid-19 health crisis as a research time series that has an impact on the global crisis. The effects of the global crisis caused companies to experience one of them: net sales declined and policies on corporate social activities changed. This study tries to link the variables of public ownership, and the amount of net sales of companies through disclosure of social responsibility with the economic welfare of the community. The sampling design in this study uses a list of manufacture companies included in the Kompas 100 index list for two consecutive years, namely 2020 and 2021, which is the period when the health crisis in Indonesia began. The results of this study are that the variables of public ownership structure and net sales index have a significant relationship with social responsibility disclosure. However, the disclosure of social responsibility is not significant to economic welfare. Public ownership will bring the company more attention to the surrounding community. Meanwhile, sales growth is used as a company measure to prosper company owners and benefit the community. With company policies that benefit the community, supporting the government improves economic welfare. Keywords: CSR disclosure- public ownership- net sales- economic welfare Topic: Sustainability of Green Economics for Anticipating Global Recession |
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