PENGARUH CORPORATE SOCIAL RESPONSIBILITY TERHADAP NILAI PERUSAHAAN DENGAN KEPEMILIKAN MANAJERIAL SEBAGAI VARIABEL MODERATING

Abstract

This research aims to examine the influence of Corporate Social Responsibility on the value of companies with managerial ownership as a moderating variable (Study On Manufacturing Companies In Indonesia Stock Exchange). The population in this research is a manufacturing company which listed in the Indonesia Stock Exchange in 2013-2016. Sampling technique using saturated sampling method and the sample used amounted to 24 companies. The type of data used in the research is secondary data using annual report data during the 2013-2016 period. Data analysis technique used in this research is multiple regression analysis using SPSS application tool version 24. The results of classic assumption test conducted through multicolonierity test, autocorrelation test, heteroscedasticity test, and normality test showed that multiple regression model fulfill the assumption and no violations occur. Based on the model feasibility test consisting of simultaneous coefficient of determination test and simultaneous significant test indicates that feasible model is used to explain the influence of independent variables to dependent variable. The result of hypothesis testing shows that Corporate Social Responsibility has a significant and positive influence on company value. Meanwhile, managerial ownership has no significant influence on firm value. While managerial ownership can not moderate the influence of Corporate Social Responsibility on corporate value.
Keywords: Corporate social responsibility, managerial ownership, and corporate value