Pengaruh Corporate Social Responsibility Terhadap Nilai Perusahaan Dengan Good Corporate Governance Sebagai Variabel Moderasi (Studi Empiris Perusahaan Perbankan BUMN Go Public yang Terdaftar di BEI Periode Tahun 2011-2018)

Abstract

Disclosure of CSR by companies is taken into consideration by investors or prospective investors who will invest in the company. Companies are required to participate in implementing CSR. The existence of these programs can add to the company's operational costs, which can result in reduced company profits. This study aims to determine whether Corporate Social Responsibility has an effect on the value of companies in publicly-listed state-owned banking companies listed on the IDX in and knowing whether Good Corporate Governance can strengthen the effect of Corporate Social Responsibility on the value of the company in publicly-owned BUMN banking companies listed on the IDX. This research includes quantitative descriptive research. The population and sample of this study are annual report data and financial reports on publicly-listed state-owned banking companies listed on the Indonesia Stock Exchange for the period 2011-2018. The analysis uses path analysis (path analysis) which is assisted by WarpPLS software. Partial Least Square (PLS). The results showed that Corporate Social Responsibility Disclosures had a positive and significant effect on Corporate Values on publicly-listed state-owned banking companies listed on the IDX and Good Corporate Governance Practices can weaken the effect of Corporate Social Responsibility disclosure on corporate value in state-owned banking companies going public listed on the IDX.