The Influence Of Implementation Of Gcg And Csr Disclosure On Company Value With Profitability As A Moderating Variable

Angger Wahyudi, Ekaningtyas Widiastuti, Ary Yunanto, Guntur Supriyanto

Abstract


High value of a company indicates that the firm can ensure weal for stockholder as owners of the firm. This study investigates the impact of Good Corporate Governance and Corporate Social Responsibility disclosure on company value, added by profitability as a moderating variable. Utilizing quantitative research methods, the study analyzes secondary data from financial, annual, and sustainability reports from 2020-2022, sourced from company websites and the Indonesian Stock Exchange. Using purposive sampling, 54 samples were collected. Using SPSS 25 the data was processed using the moderated regression analysis method. The findings reveal that gender diversity in the board of directors, the proportion of independent commissioners, and CSR positively and significantly effect company value, while institutional and managerial ownership have a negative impact. Profitability moderates the relationship among gender diversity and corporate value but does not moderate other relationships.

Keywords: GCG, CSR, Profitability, Company Value, High Profile Company

Full Text:

PDF

References


Agnova, V., & Muid, D. (2015). Analisis Pengaruh Kepemilikan Manajerial, Profitabilitas, Kesempatan Investasi, dan Kebijakan Hutang Terhadap Nilai Perusahaan (Studi pada Perusahaan Manufaktur yang Terdaftar di BEI Tahun 2010-2013). Diponegoro Journal of Accounting; Volume 4, Nomor 4, Tahun 2015. https://ejournal3.undip.ac.id/index.php/accounting/article/view/9600

Azizah, N. hafsah nur. (2019). Pengaruh Kepemilikan Manajerial, Kepemilikan Institusional dan Kebijakan Deviden Terhadap Nilai Perusahaan (Studi kasus pada Perusahaan Otomotif& Komponen yang Terdaftar di Bursa Efek Indonesia). Jurnal Ekobis Dewantara, 2(3), 24–34.

Bakhtiar, S., & Rokhayati, H. (2023). Corporate Governance , Profitabilitas , dan Nilai Perusahaan. 7(April), 1503–1513.

Bushee, B. J. (1998). The influence of institutional investors on myopic R&D investment behavior. Accounting Review, 305–333.

Demsetz, H. (1983). THE STRUCTURE OF OWNERSHIP AND THE THEORY OF THE FIRM *. XXVI(June), 375–390.

Fachrur, & Rika. (2013). PENGARUH KEPEMILIKAN INSTITUSIONAL, KEPEMILIKAN MANAJERIAL, DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN. Jurnal Akuntansi. STIE MDP, 1–10.

Fauzi, A. S., Suransi, N. K., & Alamsyah. (2016). PENGARUH GCG DAN CSR TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL PEMODERASI. 12(1), 1–19.

grc indonesia. (2024). Good Corporate Governance (GCG): Pengertian, Prinsip, Manfaat, dan Contohnya. https://grc-indonesia.com/good-corporate-governance-gcg-pengertian-prinsip-manfaat-dan-contohnya/

Jensen, M. C., & Meckling, W. H. (1976). Theory of the Firm : Managerial Behavior , Agency Costs and Ownership Structure Theory of the Firm : Managerial Behavior , Agency Costs and Ownership Structure.

Jumiati, S., & Diyanti, F. (2022). Pengaruh good corporate governance , corporate social responsibility , pertumbuhan perusahaan terhadap nilai perusahaan dengan profitabilitas sebagai variabel pemoderasi. 2(2), 375–387. https://doi.org/10.29264/jakt.v19i2.11285

Kyere, M. (2021). Corporate governance and firms financial performance in the United Kingdom. October 2019, 1871–1885. https://doi.org/10.1002/ijfe.1883

Lestari, R. A. (2021). Gender Diversity, Board Composition, Intellectual Capital and Its Effect on Firm Performance.

Lubis, E., & Susanto, H. (2018). PENERAPAN GOOD CORPORATE GOVERNANCE DI PASAR MODAL SEBAGAI UPAYA MELINDUNGI INVESTOR. 48–76.

Ni’mah, I., & Poerwati, R. T. (2019). Corporate Governance Terhadap Nilai Perusahaan Dengan Kualitas Laba Sebagai Variabel Mediasi (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode 2014-2017). Dinamika Akuntansi Keuangan Dan Perbankan, 8(1).

Permanasari, wien eka. (2010). PENGARUH KEPEMILIKAN MANAJEMEN, KEPEMILIKAN INSTITUSIONAL, DAN CORPORATE SOCIAL RESPONSIBILITY TERHADAP NILAI PERUSAHAAN.

Precia, Y., & Setiawan, ignatius roni. (2023). PENGARUH KEBERADAAN DIREKSI WANITA, LEVERAGE, DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN. 05(03), 814–822.

Puspaningrum, Y. (2014). PENGARUH CORPORATE SOCIAL RESPONSIBILITY DAN KEPEMILIKAN MANAJERIALTERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS DAN UKURAN PERUSAHAAN SEBAGAI VARIABEL MODERATING (Studi Empiris Pada Perusahaan Pertambangan di Bursa Efek Indonesia).

Rahma, A. (2014). Pengaruh Kepemilikan Manajerial, Kepemilikan Institusional, dan Ukuran Perusahaan terhadap Keputusan Pendanaan dan Nilai Perusahaan (Studi Kasus pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode 2009-2012). 23(2), 45–69.

Sari, dita meilana, & Wulandari, putu prima. (2021). PENGARUH KEPEMILIKAN INSTITUSIONAL, KEPEMILIKAN MANAJERIAL, DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN. 22(1), 1–18.

Sartono, A. (2008). Manajemen keuangan, teori dan aplikasi.

Spence, M. (1973). Job Market Signaling. The Quarterly Journal of Economics, 87(3), 355–374. https://doi.org/10.2307/1882010

Sudiyatno, B., & Puspitasari, E. (2010). TOBIN’S Q DAN ALTMAN Z-SCORE SEBAGAI INDIKATOR PENGUKURAN KINERJA PERUSAHAAN. 2(1), 9–21.

Sugiyono. (2016). Matode Penelitian Kombinasi (Mixed Methods). Alfabeta.

Tjahjono, A., & Chaeriyah, S. (2017). PENGARUH GOOD CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN DENGAN VARIABEL INTERVENING. 25(1), 13–39.

United Nation Industrial Development Organization. (2021). What is CSR? https://www.unido.org/our-focus/advancing-economic-competitiveness/competitive-trade-capacities-and-corporate-responsibility/corporate-social-responsibility-market-integration/what-csr

World Bank. (2016). Good Corporate Governance. https://www.worldbank.org/en/topic/financialsector/brief/corporate-governance

Yulla, P., Hendrawaty, E., & Huzaimah, R. A. F. (2022). PENGARUH GENDER DAN STATUS KEWARGANEGARAAN DEWAN DIREKSI TERHADAP NILAI PERUSAHAAN. 27. https://doi.org/10.23960/jak.v27i2.575

Zhuang, J. (2000). Corporate Governance and Finance in East Asia. In Asian Development Bank (Issue 14).


Refbacks

  • There are currently no refbacks.