PENGARUH GOOD CORPORATE GOVERNANCE DENGAN PENGUNGKAPAN CSR SEBAGAI VARIABEL INTERVENING TERHADAP KINERJA PERUSAHAAN

Abstract

This research aimed to examine the effect of good corporate governance on the company’s performance through disclosure of corporate social responsibility. Good corporate governance was measured by a board of independent commissioners and institutional ownership, furthermore, the company’s performance was measured by Tobin's Q and the disclosure of corporate social responsibility which was measured by the score provided at the item of disclosures corporate responsibility. This research was quantitative. Meanwhile, the research sample was obtained from a purposive sampling method, i.e. sample selection with determined criteria. based on the purposive sampling it obtained 51 samples from 17 companies of infrastructures, utilities, and transportation listed on Indonesia Stock Exchange during 2017-2019 periods. Furthermore, the analysis method of this research used multiple linear regression with SPSS program 23 version. The research result showed that the board of independent commissioners had the company's performance and institutional ownership did not affect the company’s performance. Meanwhile, the board of independent commissioners had an indirect effect through corporate social responsibility on the company’s performance and institutional ownership did not directly affect through corporate social responsibility on the company’s performance.
Keywords: good corporate governance, corporate social responsibility, company’s performance