Analisis Pengaruh Corporate Social Responsibility Terhadap Nilai Perusahaan Dengan Profitabilitas, Kepemilikan Manajemen Dan Ukuran Perusahaan Sebagai Variabel Moderasi (Studi Empiris Pada Perusahaan Pertambangan Yang Terdaftar Di Bursa Efek Jakarta Tahun 2012-2016)

Frandy Karundeng • Grace B. Nangoi • Herman Karamoy
Journal article Goodwill Journal of Accounting and Auditing Research • December 2017 Indonesia

Abstract

. The corporate's responsibility currently has evolved into a triple bottom line principal which directs the corporates for are not only focused on its profit achievement (profit), but also to secure the environmental sustainability (planet) and contribute in the community development (people). In accordance to the Indonesia's Act, any company,which activities are in exploiting the natural resources (SDA), is obliged to implement the social and environmental responsibility. It is usually called as the Corporate Social Responsibility (CSR). The mining corporates are,thus, must implement the CSR. The aims of this study are to verify (1) the influence of CSR to increase the firm value, and (2) the influence of profitability, management ownership, and firm size (as the factors to moderate the relationship amongst CSR) to the firm value. CSR disclosure is measured by GRI (G4) index. The firm value variable is then calculated by using Tobin's Q ratio. Profitability variable, management ownership variable, and company size variable are each measured by ROE, percentage of management ownership, and natural logarithm of total asset.The result of this study concludes that CSR does not affect firm value. Management ownership and firm sizedo not influence either firm value. On the other hand, the profitability has a positive effect on the firm value. Furthermore, profitability as a moderating variable can strengthen the relationship between CSR and firm value. However, this study draws conclusion that management ownership and firm size do not strengthen the relationship among CSR and firm value.

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Journal

Goodwill Journal of Accounting and Auditing Research

Goodwill: Jurnal Riset Akuntansi dan Auditing is published by the Master of Accounting Program (M... see more