Suripto Suripto


As a country who has a mandate for energy and extractive companies to implement and disclose Corporate Social Responsibility (CSR) program, Indonesia emphasizes the importance of CSR and Creating Shared Value (CSV) practices. As CSV is a new concept, which is considered as more comprehensive compared to CSR, this paper aims to provide a preliminary picture of how stakeholders understand and differentiate their perceptions on both CSR and CSV concepts. This study examines the different stakeholders’ perceptions of CSR and CSV concepts. This study targeted 50 samples of stakeholders from companies that have created shared values and disclosed them through their Sustainability Report, Annual Report, as well as website. Paired Sample Test, Independent Sample T-Test, and ANOVA test were carried out as the analytical method. The results show that there are different perceptions among stakeholders on CSR and CSV concepts in Indonesia. Different stakeholder types, internal and external, also contributes to a different perception of CSR and CSV. Likewise, the diversity of stakeholder positions, from Director; Manager; Corporate Secretary; Employee; Supplier; and Sub-District Head (Camat and Lurah), affects their different perceptions of CSR and CSV. On the contrary, different types of gender among stakeholders do not result in any significant difference in their perceptions of CSR and CSV concepts. This pilot study developed a questionnaire which adopts a theory which highlights the difference between CSR and CSV concepts. Previously, there is no research regarding stakeholders which emphasizes the different concept of CSR and CSV in Indonesia nor other countries. This study will fill some of that gap which then will lead to conducting a major study in the same field.


Corporate Social Responsibility, Creating Shared Value, CSR Perception, CSV Perception, Indonesia, Stakeholders

Full Text:


Article Metrics

Abstract views : 334| PDF views : 0


Alpana. (2014). Traditional CSR Vs Creating Shared Value: A Process of Stakeholder Engagement, IOSR Journal of Economics and Finance, 3(4), pp. 61–67.

Awale, R. & Rowlinson, S. (2014). A conceptual framework for achieving firm competitiveness in construction: A “creating shared value” (CSV) concept, in Raiden, A. B., and Aboagye-Nimo, E. (eds) 30th Annual ARCOM Conference. Portsmouth, pp. 1284–1294. DOI: 10.13140/RG.2.1.3352.9447.

Bowen, H. (1953). Social responsibilities of the businessman. New York: Row.

Carroll, A. B. (1979). A three-dimensional conceptual model of corporate social performance, Academy of Management Review, 4.

Crane, A. et al. (2014). Contesting the Value “Creating Shared Value” Concept, California Management Reviewment Review. DOI: 10.1525/cmr.2014.56.2.130.

Freeman, R. E. (1984) Strategic Management: A Stakeholder Approach. New York: Cambridge University Press.

Freeman, R. E. et al. (2010). Stakeholder Theory: The state of the art, Stakeholder Theory: The State of the Art. DOI: 10.1017/CBO9780511815768.

Lapina, I., Borkus, I. & Starineca, O. (2012). Corporate Social Responsibility and Creating Shared Value: Case of Latvia. International Journal of Economic and Management Engineering, 6(8), pp. 2228–2234.

Liel, B. Von. (2016). Creating Shared Value as Future Factor of Competition: Analysis and Empirical Evidence. Munchen: Springer VS.

Moore, C. (2014). Corporate Social Responsibility and Creating Shared Value: What’s the Difference? Arkansas.

Motilewa, B. D. et al. (2016). Creating Shared Value: A Paradigm Shift from Corporate Social Responsibility to Creating Shared Value, International Journal of Social, Behavioral, Educational, Economic, Business, and Industrial Engineering, 10(8), pp. 2443–2448. DOI:

Porter, M. E., & Kramer, M. R. (2011) The Big Idea: Creating Shared Values: Rethinking Capitalism, Harvard Business Review. Available at:

Scagnelli, S. D. & Cisi, M. (2014). Approaches to Shared Value Creation: CSR 2.0 or Something More? Insights and Issues about the New Sustainability Perspective, Business, and Economic Journal, 5(2), pp. 1–3.

Visser, W. (2006). Revisiting Carroll’s CSR pyramid: an African perspective. Edited by M. Huniche and E. P. Rahbek. Copenhagen: Copenhagen Business School Press.

Wieland, J. (2017). Creating Shared Value: Concepts, Experience, Criticism. Berlin: Springer.

William, R. & Hayes, J. (2013) Literature Review: Seminar Papers on Shared Value. Oxford.


  • There are currently no refbacks.