PENGARUH GCG, CSR, DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN MAKANAN DAN MINUMAN YANG TERDAFTAR DI BEI

Abstract

This research aimed to examine the effect of good corporate governance, corporate social responsibility and profitability on the firm value. Good corporate governance was measured by managerial ownership and institutional ownership, corporate social responsibility was measured by CSR index, profitability was measured by return on asset, meanwhile, the firm value was measured by Tobin’s Q ratio. This research was the quantitative method. Meanwhile, the research sample collection used the purposive sampling method. The sample was selected based on determined criteria. The purposive sampling of this research obtained 56 samples from 14 companies in the food and beverages sub-sector listed on the Indonesia Stock Exchange from 2017 until 2020. Moreover, the research data analysis used multiple linear regressions analysis with SPSS program 26 version. The research result indicated that institutional ownership and return on assets had a positive effect on the firm value. Meanwhile, managerial ownership and corporate social responsibility did not affect the firm value.