Corporate Social Responsibility and Working Capital Management in Shaping Financial Performance in Mining Companies

Annisa Tri Atikah Hayati, Artie Arditha Rachman, M. Muhayin A Sidik

Abstract


In a competitive business environment, financial performance serves as a crucial measure of a firm’s efficiency and long-term viability. CSR and WCM are increasingly acknowledged as key factors influencing profitability and shareholder value. However, most previous studies have examined the effects of CSR and WCM separately, and there is still a lack of research investigating both variables simultaneously in explaining financial performance, particularly within the mining sector, which possesses unique operational characteristics and environmental risks compared to other industries. This study seeks to explore how CSR and WCM shape the financial performance of mining companies listed on the IDX between 2021–2024 period. A quantitative methodology was adopted in this research, relying on secondary data extracted from companies’ annual and sustainability reports, and measuring financial results via ROA, ROE, and ROI. The results indicate that CSR does not significantly influence any of these financial performance indicators. In contrast, WCM demonstrates a significant positive impact on all three financial indicators. Simultaneously, both CSR and WCM collectively have a major impact on overall financial results. These results highlight the critical role of efficient management of short-term resources and obligations to improve corporate performance in a sustainable manner.

Keywords


Financial Performance, Corporate Social Responsibility, Working Capital Management, Mining Companies

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References


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DOI: https://doi.org/10.21107/jaffa.v13i2.31344

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