The Company’s Contribution to Overcome the Economic Crisis Due to Covid-19 Pandemic in Indonesia through Corporate Social Responsibility Policy

ABSTRACT

At the end of 2019, the world becomes shock because of the presence of the fast spreading and deadly of Coronavirus Disease 2019 pandemic as known as Covid-19. It is extermely dengerous for everyone. It can generally impact on various aspects of people’s life around the wrold and can be particularly detrimental to helath in the form of highly contagious infection and the acute respiratory syndrome. The first discovery of Covid-19 cases was occurred in Indonesia on March 1, 2020 and until April 18, 2020 there were 5.923 confirmed cases (positive), 520 cases died, and 607 cases recovered. A massive negative impact of Covid-19 can be seen in the weakening of economic activities, where a number of companies have been forced to stop their business activities and lay off all their employees. This has prompted the Indonesian government to encourage a number of state-owned companies to take part in disaster management due to Covid-19 pandemic through the distribution of corporate social responsibility (CSR). The aim of the research is to describe how the Indonesian government encourages all companies to undertake an important role in dealing with the negative impacts of the Covid-19 pandemic disaster. The result of this study shows that the companies took an active participation in assisting the government through various forms of CSR such as distributing personal protective equipment, giving masks, providing hand washing facilities in public places, opening free medical test services, socializing regarding the dangers of Covid-19 to the community, and providing social assistance in the form of basic necessities or community food needs.