Pengungkapan Corporate Social Responsibility, Mekanisme Good Corporate Governance dan Nilai Perusahaan
Abstract
This study aims to examine the effect of corporate social responsibility disclosure and good corporate governance mechanisms on firm value. Elements of the good corporate governance mechanism are proxied into audit committees, independent commissioners, institutional ownership, and managerial ownership. The tests were carried out on mining companies listed on the Indonesia Stock Exchange in 2016-2019. The sample was selected using purposive sampling technique. Data were analyzed using multiple linear regression analysis. The results show that the more companies increase the disclosure of corporate social responsibility, the impact on increasing the value of the company. Maximizing the function of the audit committee, institutional ownership, and managerial ownership can increase firm value. However, maximizing the function of independent commissioners has no effect on increasing firm value.
Keywords : Corporate social responsibility; Good corporate governance; Firm Value.
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References
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Suryato, & R Meisa, D. (2016). Values : Empirical Studies Food and Beverage Companies in. European Journal of Accounting, Auditing and Finance Research, 4(11), 35–49.
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Tunpornchai, W., & Hensawang, S. (2018). Effects of Corporate social responsibility and Corporate Governance on Firm Value: Empirical Evidences of the Listed Companies on the Stock Exchange of Thailand in the SET100. PSAKU International Journal of Interdisciplinary Research, 7(1), 161–170. https://doi.org/10.12778/235108618x15452373745956
Wahyudi, S. M., & Chairunesia, W. (2019). The Effect of Good corporate governance on Investment Decisions and Profitability and Its Impact on Corporate Value. International Journal of Academic Research in Accounting, 9(3), 140–149. https://doi.org/10.6007/IJARAFMS/v9-i3/6353
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Yuliyanti, L. (2019). Pengaruh Good corporate governance Dan Pengungkapan Corporate social responsibility Terhadap Nilai Perusahaan. Jurnal Pendidikan Akuntansi & Keuangan, 2(2), 21. https://doi.org/10.17509/jpak.v2i2.15464
Zarkasyi, W. (2008). Good corporate governance Pada Badan Usaha Manufaktur, Perbankan, dan Jasa Keuangan Lainnya. In Bandung: Alfabeta.
Damayanthi, I. G. A. E. (2019). Fenomena Faktor yang Mempengaruhi Nilai Perusahaan. Jurnal Ilmiah Akuntansi Dan Bisnis, 208. https://doi.org/10.24843/jiab.2019.v14.i02.p06
Dianawati, C. P., & Fuadati, S. R. (2016). Pengaruh CSR Dan GCG Terhadap Nilai Perusahaan: Profitabilitas Sebagai Variabel Intervening. Jurnal Ilmu Dan Riset Manajemen.
Dwi Sandra, M. Y., & Anwar, A. S. H. (2018). Pengaruh Corporate Social Responsibility Dan Capital Intensity Terhadap Penghindaran Pajak. Jurnal Akademi Akuntansi. https://doi.org/10.22219/jaa.v1i1.6947
Farida, F., Ramadhan, A., & Wijayanti, R. (2019). The Influence of Good corporate governance and Corporate social responsibility on Firm Value: Evidence from Indonesia. International Journal of Economics and Financial Research, 5(57), 177–183. https://doi.org/10.32861/ijefr.57.177.183
Fernández-Guadaño, J., & Sarria-Pedroza, J. H. (2018). Impact of Corporate social responsibility on value creation from a stakeholder perspective. Sustainability (Switzerland), 10(6). https://doi.org/10.3390/su10062062
Fitri, riana anugrah, & Herwiyanti, E. (2015). Pengaruh Corporate social responsibility Dan Good corporate governance Terhadap Nilai Perusahaan. Jurnal Akuntansi Akuntansi FEB Universitas Jenderal Soedirman.
Freeman, R. E. (2001). Darden Graduate School of Business Administration A Stakeholder Approach to Strategic Management. Working Paper.
Gherghina, Ş. C., & Vintilă, G. (2016). Exploring the impact of corporate social responsibility policies on firm value: The case of listed companies in Romania. Economics and Sociology, 9(1), 23–42. https://doi.org/10.14254/2071-789X.2016/9-1/2
Ghzali, I., & C. (2014). Teori Akuntansi. Semarang: Badan Penerbit Universitas Diponegoro.
Jensen, M., & Meckling, W. (2012). Theory of the firm: Managerial behavior, agency costs, and ownership structure. In The Economic Nature of the Firm: A Reader, Third Edition. https://doi.org/10.1017/CBO9780511817410.023
Kusumadilaga, R. (2015). Pengaruh Corporate Social Responsibility Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Moderating. In Australian Road Research.
Made, N., & Rahayu, M. (2018). Pengaruh Corporate social responsibility dan Kinerja pada Nilai Perusahaan dengan Kepemilikan Asing sebagai Variabel Moderasi Fakultas Ekonomi dan Bisnis Universitas Udayana ( Unud ), Bali , Indonesia email : muliastarir@gmail.com / Tlp : + 6287860442132 . 24, 30–57.
Prastuti, N., & Budiasih, I. (2015). Pengaruh Good corporate governance Pada Nilai Perusahaan Dengan Moderasi Corporate social responsibility. E-Jurnal Akuntansi.
Rustiarini, N. I. W. (2010). Pengaruh Corporate Governance Pada Hubungan CSR dan Nilai Perusahaan. Simposium Nasional Akuntansi XIII.
Servaes, H., & Tamayo, A. (2013). The impact of corporate social responsibility on firm value: The role of customer awareness. Management Science, 59(5), 1045–1061. https://doi.org/10.1287/mnsc.1120.1630
Suryato, & R Meisa, D. (2016). Values : Empirical Studies Food and Beverage Companies in. European Journal of Accounting, Auditing and Finance Research, 4(11), 35–49.
Sutedi, A. (2012). Good corporate governance. Jakarta: Sinar Grafika. Jakarta: Sinar Grafika.
Syafitri, T. et al. (2018). Pengaruh Good corporate governance Terhadap Nilai Perusahaan ( Studi pada perusahaan industri sub sektor logam dan Sejenisnya yang terdaftar di bei periode 2012-2016 ). Jurnal Administrasi Bisnis (JAB).
Tambunan, M. C. S., Saifi, M., & Hidayat, R. R. (2017). Pengaruh Good corporate governance terhadap Nilai Perusahaan (Studi pada Perusahaan Sub Sektor Food and Beverages yang Terdaftar di BEI Tahun 2012-2015) Mei. E-Proceeding of Management, 4(3), 2261–2266.
Tunpornchai, W., & Hensawang, S. (2018). Effects of Corporate social responsibility and Corporate Governance on Firm Value: Empirical Evidences of the Listed Companies on the Stock Exchange of Thailand in the SET100. PSAKU International Journal of Interdisciplinary Research, 7(1), 161–170. https://doi.org/10.12778/235108618x15452373745956
Wahyudi, S. M., & Chairunesia, W. (2019). The Effect of Good corporate governance on Investment Decisions and Profitability and Its Impact on Corporate Value. International Journal of Academic Research in Accounting, 9(3), 140–149. https://doi.org/10.6007/IJARAFMS/v9-i3/6353
Widarjo, W. 2010. (2010). No Title. Pengaruh Ownership Retention, Investasi Dari Proceeds Kepemilikan, Dan Reputasi Auditor Terhadap Nilai Perusahaan Dengan Simposium, Manajerial Dan Institusional Sebagai Variabel Pemoderasi. XIII., Nasional Akuntansi.
Yuliyanti, L. (2019). Pengaruh Good corporate governance Dan Pengungkapan Corporate social responsibility Terhadap Nilai Perusahaan. Jurnal Pendidikan Akuntansi & Keuangan, 2(2), 21. https://doi.org/10.17509/jpak.v2i2.15464
Zarkasyi, W. (2008). Good corporate governance Pada Badan Usaha Manufaktur, Perbankan, dan Jasa Keuangan Lainnya. In Bandung: Alfabeta.
Published
2021-11-28
How to Cite
DEWI, Gusti Ayu Intan Puspita; BADERA, I Dewa Nyoman.
Pengungkapan Corporate Social Responsibility, Mekanisme Good Corporate Governance dan Nilai Perusahaan.
E-Jurnal Akuntansi, [S.l.], v. 31, n. 11, p. 2774-2787, nov. 2021.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/71440>. Date accessed: 21 nov. 2024.
doi: https://doi.org/10.24843/EJA.2021.v31.i11.p08.
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