Corporate social responsibility disclosures have no impact on financial performance in consumer goods industry.
The study looked at how companies in the consumer goods industry in Indonesia disclose their social responsibility practices and how it affects their financial performance. They found that disclosing economic, environmental, and social information did not have a significant impact on the companies' return on equity (ROE) and return on assets (ROA). This means that sharing this information with the public did not necessarily lead to better financial performance for these companies.