PENGARUH GOOD CORPORATE GOVERNANCE, CORPORATE SOCIAL RESPONSIBILITY, DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN

Abstract

This research is meant to find out the firm value which has been influencedby Good Corporate Governance, Corporate Social Responsibility, and profitability. The result of this research is expected to give benefit to the company, on the implementation of GCG and CSR which has been carried out by the company in order to give ability to present good performance sothe long term interest of the investors can increase onthe stocks of the company. The population is manufacturing companies which are listed in Indonesia Stock Exchange (IDX) in 2011-2013 periods. The samples have been selected by using purposive sampling so 41 manufacturing companies have been selectedby using the following criteria i.e. first, the company which has publishedtheir annual report consecutively, second, the company which has been done the CSR disclosure in 2011-2013 periods, and the last is the company whichhas presented their financial statement by using Rupiah currency.Based on the result of multiple linear regressions, it has been found that: first, Good Corporate Governance has negative influence to the firm value. Second,Corporate Social Responsibility has significant and positive influence to the firm value. Third, profitability (ROA) has positive influence to the firm value.
Keywords:Good Corporate Governance, Corporate Social Responsibility, Profitability, Firm Value