Pengaruh Corporate Social Responsibility (CSR) dan Good Corporate Governance (GCG) terhadap Nilai Perusahaan dengan Profitabilitas sebagai Variabel Moderating (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia)

Abstract

The objective of the research was to analyze the influe,u:e of Corporate Social Responsibility (CSR) and Good Corporate Governaoce (GCG) on Firm Value with Profitability as Moderating Variable (an Empirical Study in the Manufacture Companies listed in BEi (Indonesia Stock Exchange) in the period of 2010-2015. The research used explanation research method. The population was 144 companies, and 59 of them were used as the samples, taken by using proportioruil random sampling technique so that there 354observation models. The data were gathered by conducting documentary study and analyzed by using panel data regression analysis. The result of the research showed that, simultaneously, CSR, consisted of economy, environment, manpower, social, and product and GCG, consisted of institutioruil ownership, managerial ownership, andboard of commissioners influenced firm value. Partially, it was found that the variable of CSR in manpower and GCG in institutional ownership influenced firm value, the variable of CSR, consisted of economy, environment, social, and product and GCG, consisted of managerial ownership and independent board of commissioners did not have any influence on firm value. Moderating testing with residual test indicated that probability was not proved as moderating variable which could moderate the correlation of CSR, consisted of economy, environment, manpower, social, and product and GCG, consisted of institutional ownership, managerial ownership, and board of commissioners with firm value in manufacture companies listed in BEL