Pengungkapan Corporate Social Responsibility sebagai Pemoderasi Pengaruh Good Corporate Governance pada Nilai Perusahaan
Abstract
This research aims to obtain empirical evidence regarding the Corporate Social Responsibility disclosure as a moderating effect of Good Corporate Governance on firm value. Banking sector companies that participated in the CGPI ranking and listed on the Indonesia Stock Exchange in 2013-2017 are the object of this study. Moderated Regression Analysis (MRA) is a technical analysis of the data in this study. The results show that Good Corporate Governance has no effect on firm value and the Corporate Social Responsibility disclosure as a moderating variable is able to strengthen the effect of Good Corporate Governance on firm value.
Keywords: Good Corporate Governance; Corporate Social Responsibility Disclosure; Firm Value.
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References
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Sitorus, T., & Sitorus, T. V. T. (2017). Good Corporate Governance and Firm Value: the Role of Corporate Social Responsibility. Journal Corporate Ownership & Control, 14(4), 328–336. https://doi.org/10.22495/cocv14i4c1art14
Sopian, A., & Mulya, H. (2018). The Impact of Corporate Social Responsibility Disclosure on Firm Value. Advanced Science Letters, 23(8), 7042–7045. https://doi.org/10.1166/asl.2017.9285
Spence, M. (1973). Job Market Signaling. Press, The M I T Journal, The Quarterly, 87(3), 355–374.
Srinivasan, S. (2014). Impact of Corporate Social Responsibility on Firm Value - Evidence From the Indian Stock Market. SSIJBMR, 4(5), 58–75.
Stela, D. A. K. A., & Rhumah, D. A. M. A. (2017). Effect of Board Diversity, Audit Committee, Managerial Ownership, Ownership of Institutional, Profitability and Leverage on Value of the Firm. International Journal of Financial Management (IJFM), 8(1), 1–10. Retrieved from http://www.iaset.us/view_archives.php?year=2016&jtype=2&id=35&details=archives
Sudarma, P. M., & Putra, I. W. (2014). Pengaruh Good Corporate Governance Pada Biaya Keagenan. E-Jurnal Akuntansi, 9(3), 591–607.
Suryanto, & Dai, R. M. (2016). Good Corporate Governace, Capital Structure, and Firm’s Values : Empirical Studies Food and Beverage Companies in Indonesia. European Journal of Accounting, Auditing, and Finance Research, 4(11), 35–49.
Wiguna, I. P. I., & Putri, I. G. A. M. A. D. (2016). Voluntary Disclosure Sebagai Pemoderasi Pengaruh Good Corporate Governance Terhadap Nilai Perusahaan. E-Jurnal Akuntansi, 17(3), 1700–1726.
Wijaya, I. P. I., & Wirawati, N. G. P. (2019). Good Corporate Governance Sebagai Pemoderasi Pengaruh Profitabilitas dan Corporate Social Responsibility pada Nilai Perusahaan. E-Jurnal Akuntansi Universitas Udayana, 26(2), 1–12. https://doi.org/DOI: https://doi.org/10.24843/EJA.2019.v26.i02.p22 Good
Chen, R. C. Y., & Lee, C. H. (2017). The Influence of CSR on Firm Value: an Application of Panel Smooth Transition Regression on Taiwan. Applied Economics, 49(34), 3422–3434. https://doi.org/10.1080/00036846.2016.1262516
Dimitropoulos, P. E., & Vrondou, O. (2015). Corporate Social Responsibility and Firm Value in the Sport Recreation Sector: a Review. Business Management and Strategy, 6(2), 28. https://doi.org/10.5296/bms.v6i2.8542
Erawati, N. M. A., Budiasih, I. G. A. N., & Suryanawa, I. K. (2017). Corporate Social Responsibility Pemoderasi Pengaruh Good Corporate Governace pada Nilai Perusahaan. E-Jurnal Akuntansi Universitas Udayana, 12(1), 47–57.
Firdaus, A., Syam Bz, F., & Diantimala, Y. (2018). The Influence of Good Corporate Governance and Corporate Social Responsibility towards the Financial Performance that has Implications for Firm Value of Banking Companies Listed in Indonesia Stock Exchange. International Journal of Academic Research in Business and Social Sciences, 8(4), 168–179. https://doi.org/10.6007/IJARBSS/v8-i4/4005
Gosal, M. M., Pangemanan, S. S., & Tielung, M. V. J. (2018). the Influence of Good Corporate Governance on Firm Value : Empirical Study of Companies Listed in IDX30 Index within 2013-2017 Period. Jurnal EMBA, 6(4), 2688–2697.
Hadiwijaya, T., Lahindah, L., & Pratiwi, I. R. (2016). Effect Of Capital Structure and Corporate Governance on Firm Value (Study Of Listed Banking Companies in Indonesia Stock Exchange). Journal Of Accounting And Business Studies, 1(1), 21–37.
Haryono, U., & Iskandar, R. (2015). Corporate Social Performance and Firm Value. International Journal of Business and Management Invention, 4(11), 69–75. Retrieved from www.ijbmi.org
Inastri, M. A., & Mimba, N. P. S. H. (2017). Pengaruh Penerapan Good Corporate Governace dan Pengungkapan Corporate Social Responsibility Pada Nilai Perusahaan. E-Jurnal Akuntansi Universitas Udayana, 21, 1400–1429. https://doi.org/https://doi.org/10.24843/EJA.2017.v21.i02.p20
Jensen, M. C., & Meckling, W. H. (1976). Theory of The Firm Manajerial Behaviour, Ageny Cost and Ownership structure. Journal of Financial Economics, 3, 305–360.
Prastuti, N. K. K., & Budiasih, I. G. A. N. (2015). Pengaruh Good Corporate Governace pada Nilai Perusahaan dengan Moderasi Corporate Social Responsibility. E-Jurnal Akuntansi Universitas Udayana, 1, 114–129.
Qeisari, R. A., & Ahmadi, M. R. (2016). The Relationship between Corporate Governance and Firm Value in Companies Listed on Tehran Stock Exchange (TSE). IIOAB Journal, 7(1), 101–106.
Rahmadani, F. D., & Rahayu, S. M. (2017). Pengaruh Good Corporate Governance (GCG), Profitabilitas dan Leverage Terhadap Nilai Perusahaan (Studi Kasus pada Perusahan Perbankan yang Terdaftar Pada BEI Periode 2013-2015). Jurnal Administrasi Bisnis, 52(1), 173–182.
Sabatini, K., & Sudana, I. P. (2019). Pengaruh Pengungkapan Corporate Social Responsibility Pada Nilai Perusahaan Dengan Manajemen Laba Sebagai Variabel Moderasi. Jurnal Ilmiah Akuntansi Dan Bisnis, 14(1), 56–69. https://doi.org/10.24843/jiab.2019.v14.i01.p06
Setiawan, E., & Christiawan, Y. J. (2017). Pengaruh Penerapan Corporate Governance Terhadap Nilai Perusahaan dengan Ukuran Perusahaan dan Leverage sebagai Variabel Kontrol. Business Accounting Review, 5(2), 373–384.
Siregar, I. F., Roekhudin, R., & Purwanti, L. (2018). Firm Value Predictor and the Role of Corporate Social Responsibility. Jurnal Keuangan Dan Perbankan, 22(3), 475–485. https://doi.org/10.26905/jkdp.v22i3.1804
Sitorus, T., & Sitorus, T. V. T. (2017). Good Corporate Governance and Firm Value: the Role of Corporate Social Responsibility. Journal Corporate Ownership & Control, 14(4), 328–336. https://doi.org/10.22495/cocv14i4c1art14
Sopian, A., & Mulya, H. (2018). The Impact of Corporate Social Responsibility Disclosure on Firm Value. Advanced Science Letters, 23(8), 7042–7045. https://doi.org/10.1166/asl.2017.9285
Spence, M. (1973). Job Market Signaling. Press, The M I T Journal, The Quarterly, 87(3), 355–374.
Srinivasan, S. (2014). Impact of Corporate Social Responsibility on Firm Value - Evidence From the Indian Stock Market. SSIJBMR, 4(5), 58–75.
Stela, D. A. K. A., & Rhumah, D. A. M. A. (2017). Effect of Board Diversity, Audit Committee, Managerial Ownership, Ownership of Institutional, Profitability and Leverage on Value of the Firm. International Journal of Financial Management (IJFM), 8(1), 1–10. Retrieved from http://www.iaset.us/view_archives.php?year=2016&jtype=2&id=35&details=archives
Sudarma, P. M., & Putra, I. W. (2014). Pengaruh Good Corporate Governance Pada Biaya Keagenan. E-Jurnal Akuntansi, 9(3), 591–607.
Suryanto, & Dai, R. M. (2016). Good Corporate Governace, Capital Structure, and Firm’s Values : Empirical Studies Food and Beverage Companies in Indonesia. European Journal of Accounting, Auditing, and Finance Research, 4(11), 35–49.
Wiguna, I. P. I., & Putri, I. G. A. M. A. D. (2016). Voluntary Disclosure Sebagai Pemoderasi Pengaruh Good Corporate Governance Terhadap Nilai Perusahaan. E-Jurnal Akuntansi, 17(3), 1700–1726.
Wijaya, I. P. I., & Wirawati, N. G. P. (2019). Good Corporate Governance Sebagai Pemoderasi Pengaruh Profitabilitas dan Corporate Social Responsibility pada Nilai Perusahaan. E-Jurnal Akuntansi Universitas Udayana, 26(2), 1–12. https://doi.org/DOI: https://doi.org/10.24843/EJA.2019.v26.i02.p22 Good
Published
2020-05-25
How to Cite
TAMARA, I Gusti Ayu Agung Tata Intan; BUDIASIH, I Gusti Ayu Nyoman.
Pengungkapan Corporate Social Responsibility sebagai Pemoderasi Pengaruh Good Corporate Governance pada Nilai Perusahaan.
E-Jurnal Akuntansi, [S.l.], v. 30, n. 5, p. 1221 - 1232, may 2020.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/55220>. Date accessed: 21 nov. 2024.
doi: https://doi.org/10.24843/EJA.2020.v30.i05.p12.
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