PENGARUH CORPORATE SOCIAL RESPONSIBILITY DAN GOOD CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This research aimed to examine the effect of Corporate Social Responsibility and Good Corporate Governance (GCG) on the firm value listed on the Indonesia Stock Exchange. Corporate Social Responsibility was measured by CSR and Good Corporate Governance was measured by managerial and institutional ownership. The research was quantitative with secondary data. Moreover, the data collection technique used purposive sampling, which the sample was based on the criteria given In line with that, there were 24 Food and Beverage companies for three years (2019-2021). The research result showed that managerial ownership had a positive and significant effect on the firm value. It meant, the higher the percentage proportion of managerial ownership was, the higher the firm value would be. Likewise, institutional ownership had a positive and significant on the firm value. This could be seen from higher institutional ownership would direct a bigger investors effort in supervising. As consequence, the manager’s opportunistic behavior would be obstructed. However, corporate social responsibility did not affect the firm value. It meant although the company had conducted CSR disclosure, it had not affected the firm value yet.