PENGARUH CORPORATE SOCIAL RESPONSIBILITY DAN GOOD CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN MELALUI KINERJA KEUANGAN

Abstract

This study aims to examine the effect of Good Corporate Governance and Corporate Social Responsibility on firm value with financial performance as an intervening variable. The population in this study were all companies listed on the Indonesia Stock Exchange (IDX). This type of research is quantitative research. The sample in this study was obtained using purposive sampling method, namely the selection of samples with predetermined criteria. Based on the purposive sampling method, 100 samples were obtained from 25 LQ-45 companies listed on the Indonesia Stock Exchange during 2015-2018. The analytical method used is multiple linear regression analysis using SPSS version 23 program. The results of this study indicate that Managerial Ownership has a positive effect on financial performance, Institutional and Independent Ownership of the Board of Commissioners has no effect on financial performance, Corporate Social Responsibility has a negative effect on financial performance, Managerial Ownership, Institutional Ownership, Independent Board of Commissioners, and Corporate Social Responsibility has no effect on firm value, Financial Performance has a positive effect on firm value, and Financial Performance does not succeed in being a mediating variable between Managerial Ownership, Institutional Ownership, Independent Board of Commissioners, and Corporate Social Responsibility on Company Value.
Keywords: good corporate governane, corporate social responsibility, firm value, financial performance