Published date: Oct 15 2024

Journal Title: KnE Social Sciences

Issue title: 8th International Conference on Sustainability (8th ICoS): Sustainable Economics

Pages: 562–578

DOI: 10.18502/kss.v9i29.17282

Sri Anugrah Natalinaanugrah.sujadmiko@gmail.comPostgraduate Program, University of Merdeka Malang, Malang, Indonesia

Grahita ChandrarinPostgraduate Program, University of Merdeka Malang, Malang, Indonesia

Maxion SumtaxyFaculty of Economics and Business, University of Merdeka Malang, Malang, Indonesia

Sumara AsliraPostgraduate Program, University of Merdeka Malang, Malang, Indonesia

This research was conducted to prove that the economic welfare of the community is related to and has an influence on the existence of corporate social responsibility activities. The findings in this study assume the existence of the Covid-19 as a period that has an impact on the global crisis. The effects of the global crisis caused companies to experience a decline in net sales, and policies on corporate social activities changed. This study tries to link the variables of public ownership and net sales of companies to disclosure of social responsibility and 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 brings the company more attention from the surrounding community. Meanwhile, sales growth is used as a company measure to satisfy 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 well-being

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