PENGARUH KEPEMILIKAN ASING TERHADAP NILAI PERUSAHAAN DENGAN PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY SEBAGAI VARIABEL INTERVENING
Abstract: This study aimed to
examine the effect of foreign ownership on firm value with Corporate Social
Responsibility as an intervening variable. The use of CSR as an intervening
variable because firms with foreign ownership has increased interest in CSR and
CSR program is one factor that can increase the value of the firm value
measured by Tobins'Q company.
The study was conducted using purposive sampling method in manufacturing
companies with criteria (1) manufacturing company listed on the Stock Exchange
in 2009 to 2012 (2) Companies that issue and publish an annual report,
especially social accountability reports from the period of 2009 up to 2012
complete. Based on 152 samples obtained criterion called the company for three
years of observation. Then, there are 12 samples including outliers that must
be excluded from the study sample. thus, the final number of viable samples
observed is 140 companies. The analysis technique used is multiple regression
analysis.
The results of this study indicate that foreign ownership has a
significant effect on firm value and foreign ownership also has a significant
effect on CSR. CSR is not an intervening of foreign ownership on firm value.
Keywords: foreign ownership,
corporate social responsibility (CSR), corporate value (Tobins'q),
manufacturing companies
Penulis: Aldila Khairina
Sissandhy, Sudarno
Kode Jurnal: jpakuntansidd141117
