PENGARUH CORPORATE SOCIAL RESPONSIBILITY (CSR) DAN GOOD CORPORATE GOVERNANCE (GCG) TERHADAP NILAI PERUSAHAAN DI BURSA EFEK INDONESIA

Abstract

This research aimed to examine the effect analysis of Corporate Social Responsibility (CSR) and Good Corporate Governance (GCG) on the firm value in the case study of Food and Beverage companies listed on the Indonesia Stock Exchange. Good Corporate Governance (GCG) was measured by institutional ownership, managerial ownership, and Corporate Social Responsibility (CSR). Meanwhile, the firm value was measured by Price to Book Value (PBV).The research was quantitative. Furthermore, the research sample was obtained from purposive sampling i.e., a sample selection with determining criteria. Based on the purposive sampling it obtained 92 samples from 22 Food and Beverage companies listed on the Indonesia Stock Exchange during the period of 2016-2020. Moreover, the research analysis method used multiple linear regression with SPSS program 26 version. The research result indicated that the institutional ownership and Corporate Social Responsibility (CSR) had a negative effect on the Price to Book Value (PBV), meanwhile the managerial ownership had a positive effect on the Price to Book Value (PBV).