10.34820/FK2/DP35WD Alfaiza, Salsabila Aisyah(Telkom University) Telkom University Dataverse 2024 doi:10.34820/FK2/DP35WD/1AOPAP As of late, many have contended that the likelihood of financial weakness and crisis increases because of a lack of transparency and accountability in financial reports of organizations. Transparency in reporting requires disclosure of data on the organization's financial performance as well as ethical, environmental, and social issues. As stated by Madhani (2008), one reason is that financial information complete revelation and transparency improves the effectiveness of capital share and help organizations to run reasonably, as well as, maximize the value of shareholder. At present, there is endless discussion on the characteristics of corporate social obligation (CSR), also, its positive and negative effects, which are occurring from different viewpoints of theory and practice. The purpose of this article is to explore “the good, the bad, and the ugly” face of CSR Alfaiza, Salsabila Aisyah(Telkom University)