Effect of good corporate governance and corporate social responsibility on firm value moderate by profitability
Keywords:corporate ownership, board of commisioners, corporate social responsiblity, profitability, firm value
This research aims to investigate the effect of the role of good corporate governance and corporate social responsibility on firm value with profitability as a moderator variable. The object of this research is manufacturing companies listed in index SRIKEHATI period 2017 until 2019, while the subject is 10 companies. All variables from the research data were gathered through secondary data exactly from Indonesia Stock Exchange and the company’s website. Statistical Analysis of the research data used moderate regression analysis with significance in accordance with the output of SPSS 20. Findings indicated that managerial ownership has a positive significant effect on firm value, institutional ownership has a positive significant effect on firm value, board commissioners have a positive significant effect on firm value, and corporate social responsibility has a negative insignificant effect on firm value. Variable profitability moderates managerial ownership, institutional ownership, and corporate social responsibility on firm value but can’t moderate the board of commissioners on firm value.
Ambler, T., & Wilson, A. (1995). Problems of stakeholder theory. Business Ethics: A European Review. https://doi.org/10.1111/j.1467-8608.1995.tb00107.x
Chandler dan Werther. (2014). Strategic Corporate Social Responsibility. In SAGE Publications Ltd (3rd ed.). California: Sage Publications, Inc. ISBN: 1506310990 ISBN13: 9781506310992
Effendi, M. (2016). The Power Of Good Corporate Governance (Teori dan Implementasi) (2nd ed.; D. Halim, Ed.). Jakarta: Salemba Empat.
Fajrian, H. (2019). access in 21 April 2019:20.13 retrieved from https://katadata.co.id/berita/2019/01/10/sektor-barang-konsumi-melesat-nyaris-2-ihsg-tembus-632871
Hassan, M. (2018). Financial Ratio Analysis As An Important Tool For Evaluating The Performance Of Business Organization. Dhaka.http://hdl.handle.net/10361/10166
Jamali, D., & Mirshak, R. (2007). Corporate social responsibility (CSR): Theory and practice in a developing country context. Journal of business ethics, 72(3), 243-262. https://doi.org/10.1007/s10551-006-9168-4
Jensen, M. & M. (1976). Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of Financial Economics, 3, 305–360. https://doi.org/10.1016/0304-405X(76)90026-X
Lestari, L. (2017).Pengaruh Kepemilikan Institusional Dan Struktur Modal Terhadap Nilai Perusahaan. Jurnal Riset Manajemen Dan Bisnis (JRMB) Fakultas Ekonomi UNIAT, 2(September), 293–306. https://doi.org/10.36226/jrmb.v2is1.62
Pigé, B. (2002). Stakeholder theory and corporate governance: The nature of the board information. Management?: Journal of Contemporary Management Issues, 7(1), 1–17. https://hrcak.srce.hr/184554
Rahmawati, W. (2017). access in 21 April 2019:20.15 retrived from investasi.kontan.co.id: https://investasi.kontan.co.id/news/ihsg-mengakhiri-tahun-2017-di-rekor-tertinggi
Syarif, M.(2018). access in 21 April 2019:20.14 retrieved from http://www.neraca.co.id/article/97562/72-perusahaan-raih-indonesia-corporate-social-responsibility-icsra-ii-2018
Valencia, C. (2018). access in 21 April 2019:20.17 retrieved from: https://ads.kontan.co.id/news/iicd-cg-award-2018-bentuk-konsistensi-mendorong-praktik-terbaik-dari-gcg-di-indonesia
Welley, M., & Untu, V. (2015). Faktor-Faktor Yang Mempengaruhi Nilai Perusahaan Di Sektor Pertanian. Jurnal EMBA, 3(1), 972–983. https://doi.org/10.35794/emba.v3i1.7802
How to Cite
Copyright (c) 2021 Apriana Rahmawati, Roekhudin Roekhudin, Arum Prastiwi
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors contributing to IJRBS agree to publish their articles under the Creative Commons Attribution- 4.0 International (CC BY 4.0) license, allowing third parties to share their work (copy, distribute, transmit) and to adapt it, under the condition that the authors are given credit, that the work is not used for commercial purposes, and that in the event of reuse or distribution, the terms of this license are made clear. Authors retain the copyright of their work, with first publication rights granted to IJRBS. However, authors are required to transfer copyrights associated with commercial use to the Publisher. The authors agree to the terms of this Copyright Notice, which will apply to this submission if and when it is published by this journal
Submission of an article implies that the work described has not been published previously (except in the form of an abstract or as part of a published lecture or academic thesis), that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, it will not be published elsewhere in the same form, in English or in any other languages, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication