THE INFLUENCE OF CORPORATE SOCIAL RESPONSIBILITY (CSR) AND GOOD CORPORATE GOVERNANCE (GCG) ON COMPANY VALUE WITH FINANCIAL PERFORMANCE AS AN INTERVENING VARIABLE

Dinur Aulia Putri Ningtyas; Zeni Rusmawati; Zeni Rusmawati; Rieska Maharani

doi:10.61796/jaide.v1i8.879

Authors

Dinur Aulia Putri Ningtyas
dinur@gmail.com
Muhammadiyah University of Surabaya
Zeni Rusmawati Muhammadiyah University of Surabaya
Zeni Rusmawati Muhammadiyah University of Surabaya
Rieska Maharani Muhammadiyah University of Surabaya

Vol. 1 No. 8 (2024): Journal of Artificial Intelligence and Digital Economy

Articles

August 24, 2024

Downloads

View Article

Abstract
How to Cite
Metrics
References
License

This research aims to determine the influence of Corporate Social Responsibility (CSR) and Good Corporate Governance (GCG) on company value with financial performance as an intervening variable. CSR variables are measured using CSRI published by GRI G4, GCG variables are measured by audit committee, independent commissioner, managerial ownership and institutional ownership. The financial performance variable is measured using return on equity (ROE) while the firm value variable is measured using Tobins'Q . The type of research used in this research is quantitative research using panel data and analyzed using SPSS Version 25 software. This research uses a purposive sampling technique with the object being raw materials sector companies listed on the Indonesia Stock Exchange (BEI) in 2017-2022. The number of samples obtained was 99 samples. Because the data used was not normally distributed, data outliers were carried out by removing 9 data so that the remaining 90 data would be used as samples. The results of this research indicate that Corporate Social Responsibility (CSR) has no effect on financial performance. Good Corporate Governance (GCG) has no effect on financial performance. Corporate Social Responsibility (CSR) influences company values. Good Corporate Governance (GCG) has no effect on company value. Financial Performance has no effect on company value, Financial Performance cannot mediate CSR on Company Value. Financial Performance can mediate GCG on Company Value.

Ningtyas, D. A. P., Rusmawati, Z., Rusmawati, Z., & Maharani, R. (2024). THE INFLUENCE OF CORPORATE SOCIAL RESPONSIBILITY (CSR) AND GOOD CORPORATE GOVERNANCE (GCG) ON COMPANY VALUE WITH FINANCIAL PERFORMANCE AS AN INTERVENING VARIABLE. Journal of Artificial Intelligence and Digital Economy, 1(8), 23–35. https://doi.org/10.61796/jaide.v1i8.879

Download Citation

D. Kusumawati and M. Anhar, “Analisis Faktor–Faktor Yang Mempengaruhi Investment Opportunity Set Dan Implikasinya Terhadap Return Saham,” J. STEI Ekon., vol. 28, no. 01, pp. 1–27, 2019, doi: 10.36406/jemi.v28i01.258.

H. A. Ullah Khan, “Pengaruh Kinerja Keuangan Terhadap Nilai Perusahaan Batu Bara,” J. Ekon., vol. 26, no. 1, p. 116, 2021, doi: 10.24912/je.v26i1.731.

M. N. Sarmento, “Analisis Perbandingan Kinerja Keuangan Perusahaan Air Minum Ira-Mor Dengan Perusahaan Bemor Di Timor Leste (Study Kasus Perusahaan Ira-Mor Dan Perusahaan Bemor, Dili, Timor Leste),” Univ. Atmajaya Yogyakarta, pp. 6–21, 2018.

N. Oktamayuni, “Pengaruh Corporate Social Responsibility (Csr) Terhadap Kinerja Keuangan Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia (Bei) Tahun 2018-2019,” Manaj. Keuang. Syariah, vol. 1, no. 1, pp. 64–77, 2021, doi: 10.30631/makesya.v1i1.819.

H. Darwis, “Corporate Governance Terhadap Kinerja Perusahaan,” J. Keuang. dan Perbank., vol. 13, no. 3, pp. 418–430, 2009.

S. Hardianti, E. Eka, R. Rina, A. Latif, and A. Asriany, “Pengaruh Kinerja Keuangan terhadap Nilai Perusahaan dengan Good Corporate Governance sebagai Variabel Moderasi pada Perusahaan Food and Beverage yang Terdaftar di Bursa Efek Indonesia,” Owner, vol. 7, no. 2, pp. 1434–1447, 2023, doi: 10.33395/owner.v7i2.1393.

S. Hermawan, “Pengaruh Kinerja Keuangan terhadap Nilai Perusahaan dengan Pengungkapan Corporate Social Responsibility sebagai Variabel Moderasi,” 2014.

I. Faradilla Purwaningrum and T. Haryati, “Pengaruh Good Corporate Governance terhadap Nilai Perusahaan,” Al-Kharaj J. Ekon. Keuang. Bisnis Syariah, vol. 4, no. 6, pp. 1914–1925, 2022, doi: 10.47467/alkharaj.v4i6.1451.

A. Susilo, S. Sulastri, and I. Isnurhadi, “Good Corporate Governance, Risiko Bisnis Dan Kinerja Keuangan Terhadap Nilai Perusahaan,” J. Anal. Bisnis Ekon., vol. 16, no. 1, pp. 63–72, 2018, doi: 10.31603/bisnisekonomi.v16i1.2132.

B. T. Santoso, “Pengaruh Corporate Social Responsibility (Csr), Kepemilikan Institusional, Kepemilikan Manajerial, Profitabilitas Dan Struktur Modal Terhadap Nilai Perusahaan,” J. Arastirma, vol. 1, no. 2, p. 226, 2021, doi: 10.32493/arastirma.v1i2.12361.

A. S. Fauzi, N. K. Suransi, and - Alamsyah, “Pengaruh Gcg Dan Csr Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Pemoderasi,” InFestasi, vol. 12, no. 1, p. 1, 2018, doi: 10.21107/infestasi.v12i1.1797.

A. Zulfa and Marsono, “PENGARUH INTELLECTUAL CAPITAL, CORPORATE SOCIAL RESPONSIBILITY, DAN GOOD CORPORATE GOVERNANCE TERHADAP KINERJA KEUANGAN,” J. Ilm. Manajemen, Ekon. Akunt., vol. 7, no. 3, pp. 1099–1112, 2023, doi: 10.31955/mea.v7i3.3513.

Siti Khodijah and Syamsul Huda, “Pengaruh Csr Terhadap Kinerja Keuangan Perusahaan Dengan Ukuran Perusahaan Sebagai Variabel Moderating,” Edunomic J. Pendidik. Ekon., vol. 11, no. 2, pp. 138–147, 2023, doi: 10.33603/ejpe.v11i2.21.

A. K. Praningrum, “Pengaruh Good Corporate Governance Terhadap Kinerja Keuangan Perusahaan,” 2013.

B. S. Laksono and R. Kusumaningtias, “Pengaruh Good Corporate Governance Terhadap Kinerja Keuangan dan Nilai Perusahaan Sektor Aneka Industri Tahun 2016-2018,” J. Akunt. Unesa, vol. 9, no. 2, pp. 1–12, 2021.

Ghozali dan Cariri, Teori Akuntansi. 2007.

Firmansyah, “Pengaruh GCG dan Laverage terhadap Kinerja Keuangan,” vol. 28, pp. 40–65, 2009.

Mardikanto, CSR Corporate Social Responsibility Tanggung Jawab Korporasi. 2014.

T. Tenriwaru and F. Nasaruddin, “Pengaruh Pengungkapan Corporate Social Responsibility Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Moderasi,” Ajar, vol. 3, no. 01, pp. 68–87, 2020, doi: 10.35129/ajar.v3i01.104.

Veny and M. Putri, “Prediksi Pengaruh Dewan Komisaris Independen dan Komite Audit Independen terhadap Nilai Perusahaan BUMN,” Konf. Ilm. Akunt. X, pp. 1–15, 2023.

S. Fauziya, “PENGARUH INTELLECTUAL CAPITAL DAN GOOD CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN DENGAN KINERJA KEUANGAN SEBAGAI VARIABEL INTERVENING,” no. 8.5.2017, pp. 2003–2005, 2022.

M. P. Rahayu and D. Amalia, “Pengaruh Return on Assets, Return on Assets, Return on Equity, Earning per Share, Dividend Payout Ratio Terhadap Harga Saham,” Accounthink J. Account. Financ., vol. 7, no. 01, pp. 4113–4124, 2022, doi: 10.35706/acc.v7i01.6338.

D. Sandra et al., Pengaruh Pendapatan Dan Pendidikan Nasabah Terhadap Minat Nasabah Investasi Emas Di BCM KC Warung Buncit, vol. 152, no. 3. 2016.

darmayanti, “Kebijakan Deviden, Lverage terhadap Nilai Perusahaan,” pp. 8–21, 2022.

P. Sudiyatno, “TOBIN’S Q DAN ALTMAN Z-SCORE SEBAGAI INDIKATOR PENGUKURAN KINERJA PERUSAHAAN,” vol. 2, no. 1, pp. 9–21, 2010.

Y. L. Sati and A. B. Prasetyo, “Pengarauh corporate governance terhadap kinerja keuangan perushaaan dan financial disstress,” vol. 8, pp. 1–7, 2019.

A. Yudianto, “Pengaruh Kinerja Keuangan Terhadap Kinerja Perusahaan pada Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia,” J. Indones. Sos. Sains, vol. 1, no. 4, pp. 238–255, 2020, doi: 10.36418/jiss.v1i4.58.

F. A. Himawan and R. Fazriah, “Pengaruh Intellectual Capital, Kepemiikan Manajerial, Kepemilikan Institusional, Komisaris Independen Dan Komite Audit Terhadap Kinerja Keuangan Dengan Ukuran Perusahaan Sebagai Variabel Pemoderasi (Pada Perusahaan Jasa Keuangan yang terdaftar di BEI peri,” J. Manaj. Bisnis, vol. 24, no. 1, pp. 1–21, 2021.

Silvia Indriani, Nilai Perusahaan melalui kualitas laba: Good Governance dan Kebijakan Perusahaan. 2021.

H. Pramono, I. Fakhruddin, and I. Hapsari, “Pengaruh Corporate Social Responsibility dan Kinerja Keuangan Terhadap Nilai Perusahaan,” Ratio Reviu Akunt. Kontemporer Indones., vol. 3, no. 2, p. 78, 2022, doi: 10.30595/ratio.v3i2.13751.

A. A. A. A. Fana and G. Das Prena, “Pengaruh Corporate Social Responsibility, Good Corporate Governance, Dan Kepemilikan Manajerial Terhadap Nilai Perusahaan Perbankan Yang Terdaftar Di Bursa Efek Indonesia Periode 2018 – 2020,” J. Ilm. Akunt. dan Bisnis, vol. 6, no. 2, pp. 17–29, 2021, doi: 10.38043/jiab.v6i2.3168.

I. S. Lesmana and I. Fahyanti, “Analisis Tingkat Kesehatan Bank Dengan Menggunakan Metode RGEC Pada PT Bank Negara Indonesia (Persero),” J. Ilm. PERKUSI, vol. 2, no. 1, p. 1, 2022, doi: 10.32493/j.perkusi.v2i1.17615.

G. S. B. Fanesa Rena Revaliana, “CSR TERHADAP NILAI PERUSAHAAN DENGAN KINERJA KEUANGAN SEBAGAI VARIABEL INTERVENING,” vol. 3, pp. 1–8, 2019.

E. Susanto and A. Indrabudiman, “… Good Corporate Governance Dan Corporate Sosial Responsibility Terhadap Nilai Perusahaan Dengan Kinerja Keuangan Sebagai Variabel Mediasi Pada Perusahaan …,” J. Ilmu Manaj., vol. 9865, pp. 69–80, 2021, [Online]. Available: https://journal.unesa.ac.id/index.php/jim/article/view/13125%0Ahttps://journal.unesa.ac.id/index.php/jim/article/view/13125/6963

Ghozali, “Aplikasi Analisis Muktivariate dengan program SPSS 25 Edisi 9.” p. 490, 2018.

N. M. S. Candradewi and G. W. Yasa, “Pengaruh SBI, Kurs Rupiah, STI, SET, dan KLSE pada Indeks HargaSaham Gabungan,” E-Jurnal Akunt., vol. 23, no. 3, pp. 2359–2390, 2018.