Jurnal Akuntansi Keuangan dan Bisnis Vol. 14, No. 1, Mei 2021, 103-112 103 Dokumen diterima pada Selasa 9 Februari, 2021 Dipublikasikan pada Senin 31 Mei, 2021 Jurnal Politeknik Caltex Riau https://jurnal.pcr.ac.id/index.php/jakb/ | e- ISSN: 2476-9460 (Online) | p- ISSN : 2085-0751 (Print) Corporate Social Responsibility: Theory, Practice and Its Impact on The Company Arumega Zarefar 1 , Tjiptohadi Sawarjuwono 2 1 Universitas Riau, Department of Accountancy, email: arumega@lecturer.unri.ac.id 2 Universitas Airlangga, Department of Accountancy, email: tjiptohadi@feb.unair.ac.id Abstract This paper aims to provide a comprehensive discourse on Corporate Social Responsibility from the theory, components, and impacts on a company and its stakeholders. The research method is conceptual paper. The paper is developed through identifying issues about CSR from existing literature, discussing related theories, analyzing the relationships between GCG and CSR, and explaining stakeholder interactions in CSR practices. The findings of this research indicated that not only do CSR practices have a positive impact on the environment and society, but also affect the survival and sustainable development of the company. In addition, CSR practices are closely related to the implementation of GCG and interactions between stakeholders. Analysis of the theory and literature in this study is carried out comprehensively so that it provides a complete picture of CSR practices. Keywords: Corporate social responsibility, Good Corporate Governance, stakeholder interaction Abstrak Makalah ini bertujuan untuk memberikan gambaran yang komprehensif tentang Tanggung Jawab Sosial Perusahaan dari teori, komponen, dan dampaknya terhadap perusahaan dan pemangku kepentingan. Metode penelitian ini adalah makalah konseptual. Makalah dikembangkan dengan mengidentifikasi isu-isu tentang CSR dalam literatur yang ada, menjelaskan teori terkait, menganalisis hubungan antara GCG dan CSR, dan menjelaskan interaksi pemangku kepentingan dalam mempengaruhi praktik CSR. Temuan penelitian ini menemukan bahwa praktik CSR tidak hanya berdampak positif bagi lingkungan dan masyarakat, tetapi juga berdampak pada kelangsungan hidup perusahaan dan pembangunan berkelanjutan. Selain itu, praktik CSR sangat erat kaitannya dengan penerapan GCG dan interaksi antar pemangku kepentingan. Analisis teori dan literatur dalam penelitian ini dilakukan secara komprehensif sehingga memberikan gambaran yang lengkap tentang praktik CSR. Kata kunci: Corporate social responsibility, Good Corporate Governance, stakeholder interaction 1. Introduction The issue of Corporate Social Responsibility has been garnering major attention among companies and other stakeholders. It has been increasingly becoming a discourse among academics and practicians in this area [1]. The increase in awareness of the general public concerning issues of environment, human rights, and other social concerns pertaining to corporate activities have given rise to this particular topic. Corporate Social Responsibility is essentially a form of corporate brought to you by CORE View metadata, citation and similar papers at core.ac.uk provided by Jurnal Akuntansi Keuangan dan Bisnis