PENGARUH PENGUNGKAPAN CSR DAN GCG TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL MODERASI

Abstract

This research aims to determine the influence of CSR and GCG on Corporate Value with Profitability as a moderating variable in manufacturing companies which is listed in the Indonesia Stock Exchange (IDX). The population used in this research is a manufacturing company which is listed in the Indonesia Stock Exchange in 2012-2016. Sampling technique using saturated sample method and the number of samples of 13 companies. This research used the secondary data that obtained from annual financial report data for the 2012-2016 period. The data analysis technique used is multiple linear regression with using SPSS (Statistical Package for Social Sciences) program. The result of classic assumption test done through normality test, multicollinearity test, heteroscedasticity test and autocorrelation test showed that multiple regression model has fulfilled assumption and no violation occurred. Based on model feasibility test by using coefficient of determination test and simultaneous significant test indicates that feasible model used for research. The result of hypothesis testing shows that CSR has an insignificant influence on Company Value, GCG has no significant influence on Company Value, Profitability moderate the influence of CSR on Company Value, and Profitability moderate the influence of GCG on Company Value.
Keywords: CSR, GCG, corporate value and profitability