PENGARUH KINERJA KEUANGAN TERHADAP NILAI PERUSAHAAN DENGAN CSR DAN GCG SEBAGAI VARIABEL PEMODERASI

Nur  Anindya Setyadewi; Endang  Dwi Retnani

Nur Anindya Setyadewi
Endang Dwi Retnani

Keywords: Return On Equity, Debt To Equity Ratio, Corporate Social Responsibility, Good Corporate Governance, Firm Value

Abstract

This research is aimed to test the influence of financial performance which is proxy by ROE and DER to
the firm value and the influence of CSR and GCG in moderating the correlation among financial
performances to the firm value. The population is all sector basic industry and chemical companies which
is listed in Indonesia stock exchange in 2011-2015 periods. The total samples are 21 companies which have
been determined by using purposive sampling. The analysis method has been carried out by using
multiple linear regressions analysis technique. The results of the research show that ROE and DER gives
influence to the firm value. The influence of the ROE to the firm value can be moderated by the CSR, so it
gives influence to the firm value. The CSR can moderate the influence of the DER to the firm value. The
GCG can moderate the influence of the DER to the firm value, meanwhile GCG does not moderate the
influence among the ROE to the firm value.
Keywords: Return On Equity, Debt To Equity Ratio, Corporate Social Responsibility, Good Corporate
Governance, Firm Value.