Islamic social reporting index, company performance, and market performance

Lindrianasari, Ira Oktamalia and Widya Rizki Eka Putri

International Journal of Monetary Economics and Finance, 2023, vol. 16, issue 3/4, 291-299

Abstract: This study examines the impact of the Islamic Social Reporting disclosure index on company performance and market performance. To provide more in-depth information, this study also compares the performance of Islamic companies in Indonesia and Malaysia. The object of research is food and beverage companies are registered in the Sharia Securities List (DES) and registered as sharia shares on the Malaysian Stock Exchange for the 2015-2020 period. The sample of this research is 35 food and beverages companies with a purposeful sampling method. Hypothesis testing using independent sample t-test and MANOVA test. The results of the study indicate that there is an effect of the disclosure of the ISR Index on market performance. However, the ISR Index has no effect on return on assets (ROA). In addition, there are significant differences in the disclosure of the Islamic Social Reporting Index for companies in Indonesia and Malaysia.

Keywords: Islamic social reporting index; financial performance; ROA; return on assets; market performance. (search for similar items in EconPapers)
Date: 2023
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