Title: Islamic social reporting index, company performance, and market performance

Authors: Lindrianasari; Ira Oktamalia; Widya Rizki Eka Putri

Addresses: Accounting Department, University of Lampung, Lampung, 35141, Indonesia ' Accounting Department, University of Lampung, Lampung, 35141, Indonesia ' Accounting Department, University of Lampung, Lampung, 35141, Indonesia

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.

DOI: 10.1504/IJMEF.2023.131915

International Journal of Monetary Economics and Finance, 2023 Vol.16 No.3/4, pp.291 - 299

Received: 27 Jul 2022
Accepted: 12 Jan 2023
Published online: 04 Jul 2023 *

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