PENGARUH KINERJA KEUANGAN TERHADAP NILAI PERUSAHAAN DENGAN PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY DAN STRUKTUR GOOD CORPORATE GOVERNANCE SEBAGAI VARIABEL PEMODERASI
Abstract: This research is to
investigate the influence of corporate social responsibility disclosure and
good corporate governance structures to relationship between financial
performance and firm value. . The aim of this research is to find empirical
proof about (a) the influence of financial performance to firm value, (b) the
influence of independent commissioners as moderating variable in the
relationships between financial performance and firm value, (c) the influence
of institutions ownership as moderating variable in relationships between
financial performance and firm value, (d) the influence of managerial ownership
as moderating variable in relationships between financial performance and firm
value,(e) the influence of audit committee as moderating variable in
relationships between financial performance and firm value,(f) the influence of
disclosure CSR as moderating variable in relationships between financial
performance and firm value. ROA is used as the proxy of financial performance and Tobins Q is used as
the proxy of firm value. The sample of this research is manufacture firms which
is listed on Indonesia Stock Exchange (IDX) over 2007-2010. The research sample
are 24 firms with 96 observations. The analysis methods of this research use simple regression analysis
for hypothesis 1 and multiple regression analysis with the Moderated Regression
Analysis (MRA) for hypothesis 2 until 6. The results of this research show that
ROA doesn’t have significant influence to Tobins Q, meanwhile the analysis with
the moderating variable MRA shows that independent commissioners, managerial
ownership and audit committee can’t moderate in relation between ROA and Tobins
Q. Institutions ownership and CSR disclosure moderate in relation between ROA
and Tobins Q that it shows positive significant influenence.
Penulis: Niyanti Anggitasari,
Siti Mutmainah
Kode Jurnal: jpakuntansidd120512
