PENGARUH ROE, NPM, TERHADAP HARGA SAHAM DENGAN PENGUNGKAPAN CSR SEBAGAI VARIABEL MODERASI

Abstract

This study aims to examine the effect of financial performance on corporate value with corporate social responsibility (CSR) and good corporate governance (GCG) as a moderating variable. The sample in this research is a manufacturing company listed on Indonesia Stock Exchange from 2011-2014 period, selected by using purposive sampling technique so that obtained 25 manufacturing company got 100 observations with krieteria as follows: 1) Company sample is listed in Indonesia Stock Exchange year 2011 - 2014 in a manufacturing company that publishes annual reports in a row. 2) The sample company discloses CSR and GCG in annual report during 2011 - 2014. 3) The sample company did not experience any losses during 2011 - 2014. The data analysis technique used is the regression analysis of moderation. The results of the study refer to the financial performance has a positive influence on the value of the company. CSR is able to strengthen the financial relationship of performance with corporate value. While GCG can strengthen the relationship between financial performance and firm size with firm value.

Keywords: Corporate Social Responsibility, Good Corporate Governance, corporate value, financial performance