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

Abstract

This research aimed to examine the effect of Good Corporate Governance (GCG) and Corporate Social Responsibility (CSR) on the firm value of public companies listed and included in the CGPI ranking held by IICG, with financial performance as the moderating variable. The research was quantitative. Furthermore, the population was public companies listed and included in the CGPI ranking held by IICG for the annual year assessment in 2018-2022. The data collection technique used purposive sampling i.e., a sample collection based on the criteria determined by the researcher. In line with that, there were 42 samples during 5 years of observation. Moreover, the data analysis technique used the Moderated Regression Analysis (MRA).  The result indicated that Good Corporate Governance (GCG) had a positive effect on the firm value. However, Corporate Social Responsibility (CSR) did not affect the firm value. Additionally, financial performance as the moderating variable was unable to strengthen the good effect both in Good Corporate Governance (GCG) and Corporate Social Responsibility (CSR) on the firm value.