scholarly journals ANALISIS PENGARUH PROFITABILITAS TERHADAP NILAI PERUSAHAAN DENGAN CORPORATE SOCIAL RESPONSIBILITY SEBAGAI VARIABEL PEMODERASI PADA PERUSAHAAN PERTAMBANGAN DI BEI TAHUN 2010-2014

2019 ◽  
Vol 12 (1) ◽  
pp. 24-40
Author(s):  
Farianita Lestari ◽  
Dewi Rahmayanti
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Significant Influence ◽  
Hypothesis Test ◽  
Profit Margin ◽  
Tobin’S Q ◽  
Corporate Value ◽  
Tobin's Q ◽  
Net Profit ◽  
Corporate Social

The purpose of this research to analyze the influence of Return On Asset (ROA) and Net Profit Margin (NPM) on corporate value with CSR as a moderating variable in the mining company listed on the Indonesia Stock Exchange in the period of 2010 -2014. The number of population for this research is 40 company and the number of sample that examined after passed the purposive sampling phase is 11 company. The analysis method used in this research that is with moderated regression analysis, panel data regression, hypothesis test that is determinant coefficient, test F, and test T. From the result of simultan analysis variable Return On Asset (ROA), Net Profit Margin (NPM) and Corporate Social Responsibility (CSR) have significant influence toward corporate value (tobin’s Q). The result of partial this research shows that only Return On Asset (ROA) have significant influence toward corporate value (tobin’s Q). The disclosure of Corporate Social Responsibility (CSR) is can’t able to moderate relation of NPM and corporate value, and able to moderate relation of ROA and corporate value

scholarly journals PENGARUH PENGUNGKAPAN PROGRAM CORPORATE SOCIAL RESPONSIBILITY TERHADAP PROFITABILITAS PERUSAHAAN

2017 ◽  
Vol 5 (2) ◽  
pp. 193 ◽  
Author(s):  
Dwi Kartikasari ◽  
Nur Salina
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Significant Influence ◽  
Secondary Data ◽  
Profit Margin ◽  
Return On Assets ◽  
Financial Report ◽  
Net Profit ◽  
Corporate Social ◽  
The Relationship

This study aims to determine the relationship between items in the disclosure of Corporate Social Responsibility (CSR) to profitability The company measured through Return On Assets and Net Profit Margin. Data analysis method used in this research is data panel regression. Data used in this research is secondary data by analyzing annual report and company financial report in 2014 and 2015. The result of research indicate that there is only one item of CSR that have significant influence Against Return On Assets (ROA) is an indicator of social society. While for the NPM variable there are only environmental performance indicators that have a significant influence on Net Profit Margin (NPM).

scholarly journals Corporate Social Responsibility and Firm Value: The Moderating Effects of Financial Flexibility and R&D Investment

2020 ◽  
Vol 12 (20) ◽  
pp. 8452
Author(s):  
Zhaoyang Guo ◽  
Siyu Hou ◽  
Qingchang Li
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Firm Value ◽  
Idiosyncratic Risk ◽  
Tobin’S Q ◽  
Moderating Effects ◽  
Tobin's Q ◽  
Financial Flexibility ◽  
Corporate Social ◽  
D Investment

Despite the significance of corporate social responsibility (CSR), there remains an extensive debate regarding its implications for firm value. This study examines the moderating effects of financial flexibility and R&D investment on CSR and firm value. Using multiple archival data of 2311 companies from 2010 to 2016, our study finds that CSR is a “double-edged sword” for firm value; specifically, CSR significantly increases systematic risk but reduces firms’ idiosyncratic risk as well as the Tobin’s q. Besides, the results indicate that financial flexibility and R&D investment significantly reduce the negative correlation between CSR and Tobin’s q, the difference between the two being that financial flexibility can reduce the positive relationship between CSR and system risk, while R&D spending can reduce the negative relationship between CSR and idiosyncratic risk. By adding new aspects to the discussion about how CSR affects firm value, the results speak to both theorists and practitioners.

scholarly journals Pengaruh Pengungkapan Corporate Social Responsibility Pada Nilai Perusahaan Dengan Good Corporate Governance Sebagai Pemoderasi

2019 ◽  
pp. 1299
Author(s):  
Ayu Nikita Vira ◽  
Made Gede Wirakusuma
Keyword(s):  
Corporate Governance ◽  
Regression Analysis ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Tobin’S Q ◽  
Tobin's Q ◽  
Good Corporate Governance ◽  
Corporate Social

Salah satu hal yang dapat mendorong perusahaan mengungkapkan CSR dengan baik adalah Good Corporate Governance yang di terapkan pada perusahaan tersebut. Tujuan penelitian ini adalah untuk mengetahui pengaruh pengungkapan CSR pada nilai perusahaan serta pengaruh GCG sebagai pemoderasi didukung dengan inkosistensi hasil penelitian terdahulu. Sampel dalam penelitian ini adalah perusahaan pertambangan yang terdaftar di BEI tahun 2013-2017 sejumlah 33 perusahaan, CSR dihitung menggunakan CSRDI GRI G4, Tobin’s Q untuk mengukur nilai perusahaan dan proksi GCG diperoleh dengan menentukan skor tertinggi menggunakan metode analisis faktor. Teknik analisis data penelitian ini menggunakan Moderated  Regression Analysis. Simpulan dari hasil penelitian ini adalah pengungkapan CSR berpengaruh negatif pada nilai perusahaan, serta praktik GCG dapat memperkuat pengaruh dari pengungkapan CSR pada Nilai Perusahaan pada perusahaan pertambangan yang terdaftar di BEI pada periode 2013-2017.   Kata Kunci: CSR, nilai perusahaan, GCG

scholarly journals Pengaruh Mekanisme GCG Dan CSR Terhadap Kinerja Keuangan Yang Dimediasi Manajemen Laba

2021 ◽  
Vol 3 (1) ◽  
pp. 24
Author(s):  
Renaldy Alviansyah ◽  
I Gede Adiputra
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Earnings Management ◽  
Tobin’S Q ◽  
Significant Positive Effect ◽  
Tobin's Q ◽  
Significant Negative Effect ◽  
Negative Effect ◽  
Corporate Social ◽  
Positive Effect

This study examines the impact of corporate governance mechanism and corporate social responsibility to financial performance. This study consists of four independent variables, one mediating variable, and three dependent variables, namely the proportion of independent board of commissioners, institutional ownership, audit committee, and corporate social responsibility as an independent variabel, earnings management as a mediating variable, and ROA, EPS, and Tobin;s Q as the dependent variable. The research method used is descriptive method with a qualitative approach. The sample in this study are 19 manufacturing company which listed on the Indonesia Stock Exchange from 2017 until 2019 who selected through purposive sampling method. The result of this study are the proportion of independent board of commissioners and institutional ownership not significant negative effect on earnings management, the audit committee has a significant positive effect on earnings management, corporate social responsibility has no significant positive effect on earnings management, corporate governance mechanisms do not have a significant negative effect on ROA, the proportion of independent commissioners and institutional ownership did not have a significant negative effect on EPS, the audit committee did not have a significant positive effect on EPS, corporate governance mechanisms did not have a significant positive effect on Tobin's Q, corporate social responsibility did not have a significant negative effect on financial performance, earnings management does not have a significant negative effect on ROA, earnings management has a significant negative effect on Tobin's Q, earnings management does not have a significant positive effect mut on EPS, governance mechanisms per business have a positive effect on ROA and EPS mediated by earnings management, corporate governance mechanisms negatively affect Tobin's Q mediated by earnings management, and corporate social responsibility has a positive effect on mediated financial performance by earnings management.Penelitian ini bertujuan untuk menganalisis pengaruh Mekanisme Tata Kelola Perusahaan dan Tanggung Jawab Sosial Perusahaan terhadap Kinerja Perusahaan. Penelitian ini terdiri dari empat variabel independen, satu variabel mediasi, dan tiga variabel dependen, yaitu proporsi dewan komisaris independen, kepemilikan institusional, komite audit, dan tanggung jawab sosial perusahaan sebagai variabel independen, manajemen laba sebagai variabel mediasi, dan ROA, EPS, dan Tobin’s Q sebagai variabel dependen. Metode riset yang digunakan adalah metode deskriptif dengan pendekatan kualitatif. Sampel dari penelitian ini adalah 19 perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia dari 2017 sampai 2019 yang ditentukan menggunakan metode purposive sampling. Hasil dari penelitian ini adalah proporsi dewan komisaris independen dan kepemilikan institusional berpengaruh negatif tidak signifikan terhadap manajemen laba, komite audit berpengaruh positif signifikan terhadap manajemen laba, tanggung jawab sosial perusahaan berpengaruh positif tidak signifikan terhadap manajemen laba, Mekanisme tata kelola perusahaan berpengaruh negatif tidak signifikan terhadap ROA, proporsi dewan komisaris independen dan kepemilikan institusional berpengaruh negatif tidak signifikan terhadap EPS, komite audit berpengaruh positif tidak signifikan terhadap EPS, mekanisme tata kelola perusahaan berpengaruh positif tidak signifikan terhadap Tobin’s Q, tanggung jawab sosial perusahaan berpengaruh negatif tidak signifikan terhadap kinerja keuangan, manajemen laba berpengaruh negatif tidak signifikan terhadap ROA, manajemen laba berpengaruh negatif signifikan terhadap Tobin’s Q, manajemen laba berpengaruh positif tidak signifikan terhadap EPS, mekanisme tata kelola perusahaan berpengaruh positif terhadap ROA dan EPS dimediasi oleh manajemen laba, mekanisme tata kelola perusahaan berpengaruh negatif terhadap Tobin’s Q dimediasi oleh manajemen laba, dan tanggung jawab sosial perusahaan berpengaruh positif terhadap kinerja keuangan dimediasi oleh manajemen laba.

scholarly journals ANALISIS PENGARUH ENVIROMENTAL PERFORMANCE DAN SIZE TERHADAP NET PROFIT MARGIN DENGAN CORPORATE SOCIAL RESPONSIBILITY SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI TAHUN 2013 – 2015

2018 ◽  
Vol 9 (2) ◽  
pp. 91
Author(s):  
Trias Madanika Kusumaningrum
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Environmental Performance ◽  
Profit Margin ◽  
Significant Negative Effect ◽  
Net Profit ◽  
Negative Effect ◽  
The Difference ◽  
Corporate Social ◽  
Positive Effect

This study aimed to analyze the influence of Environmental Performance, SIZE, and Corporate Social Responsibility to the net profit margin and the difference between the influence of the Environmental Performance and Corporate Social Responsibility SIZE as an intervening variable.The samples were registered manufactories on BEI, with total amount of samples (n) were 93 with pooling data method from 2013 to 2015. Sample was taken using purposive sampling method based on particular criteria which was appropriate with research purposes.The results showed that the Environmental Performance (EP) significant negative effect on Corporate Social Responsibility (CSR), Size significant negative effect on Corporate Social Responsibility (CSR), Environmental Performance (EP) significant positive effect on net profit margin (NPM), Size does not effect on the net profit margin (NPM), Corporate Social Responsibility (CSR) has no effect on net profit margin (NPM), Corporate Social Responsibility (CSR) in the first model did not prove to mediate Environmental Performance (EP) to Net Profit Margin (NPM), and Corporate Social Responsibility (CSR) in the second model is not proven to mediate Size to Net Profit Margin (NPM).         

scholarly journals The role of institutional ownership in strengthening to the enterprise value on the banking issuers

2019 ◽  
Vol 14 (1) ◽  
pp. 42-54
Author(s):  
Iskandar Muda ◽  
Erlina ◽  
Muhammad Panca Diharja ◽  
Normah Haji Omar ◽  
Jamaliah Said
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Firm Value ◽  
Sampling Method ◽  
Institutional Ownership ◽  
Profit Margin ◽  
Enterprise Value ◽  
Net Profit ◽  
Corporate Social

This study examines the role of institutional ownership in moderating the relation between fundamental factors of a company and Corporate Social Responsibility (CSR) and Enterprise Value (firm value). The type of this research is an explanation research method. The sampling method was a proportional random sampling method of the population of banking companies of the Indonesian Stock Exchange. The method of data collection was documentation. The method of data analysis was Multiple Regression Analysis. The results of this study showed that simultaneous net profit margin and corporate social responsibility had a significant effect on the firm value. Partial test shows that net profit margin variables had an effect on the firm value and corporate social responsibility variables, which consist of economy, and had no influence on firm value. The results also indicated that institutional ownership strengthened the relation of fundamental factors and corporate social responsibility with the Enterprise Value.

scholarly journals PERAN INTELLECTUAL CAPITAL DALAM PENGARUH CORPORATE SOCIAL RESPONSIBILITY TERHADAP FINANCIAL PERFORMANCE

2021 ◽  
Vol 5 (1) ◽  
pp. 10-16
Author(s):  
Nony Kezia Marchyta ◽  
Njo Anastasia
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Intellectual Capital ◽  
Value Added ◽  
Tobin’S Q ◽  
Tobin's Q ◽  
Corporate Social Disclosure ◽  
Corporate Social ◽  
Social Disclosure

Tujuan penelitian ini untuk mengetahui pengaruh langsung dari corporate social responsibility (CSR) terhadap financial performance, serta pengaruh tidak langsung corporate social responsibility terhadap financial performance melalui intellectual capital sebagai variabel mediasi. Pengolahan data menggunakan software Smart PLS. Data penelitian ini berasal dari laporan tahunan masing-masing perusahaan yang tergolong subsektor bank dan terdaftar pada Bursa Efek Indonesia periode 2011-2018. Data kuantitatif sekunder tersebut dihitung menggunakan rumus Corporate Social Disclosure Index sebagai indikator CSR, Value Added Intellectual Coefficient (VAICTM) sebagai indikator intellectual capital, Tobin’s Q sebagai indikator financial performance. Hasil penelitian ini membuktikan adanya pengaruh positif dari corporate social responsibility terhadap financial performance, corporate social responsibility terhadap intellectual capital, dan intellectual capital terhadap financial performance.

scholarly journals Analisis Rasio Keuangan dan Laporan Corporate Social Responsibility Perusahaan Go Public di Indonesia

2018 ◽  
Vol 5 (02) ◽  
pp. 131-143
Author(s):  
Yuana Mandagie ◽  
Rafrini Amyulianthy ◽  
Shanti Lysandra ◽  
Ari Pratiwi
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Stock Exchange ◽  
Profit Margin ◽  
Company Size ◽  
Manufacturing Companies ◽  
Net Profit ◽  
Equity Ratio ◽  
Csr Disclosure ◽  
Corporate Social

ABSTRACT Many factors that influence Corporate Social Responsibility (CSR) disclosure from a company.Therefore, the purpose of this research is to know about the influence of profitability ratios, company size ratios, and leverage ratios to CSR reports on mining companies and manufacturing companies of basic and chemical industry sectors listed in Indonesia Stock Exchange for the 2016 period. This research is a quantitative research that uses 56 companies listed in BEI in 2016 as purposively selected samples. The results of the study found that financial ratios of profitability proxied with Net Profit Margin (NPM)and leverage proxied on Debt to Equity Ratio (DER) partially did not affect the disclosure of CSR. While company size has effect on CSR disclosure. ABSTRAK Banyak faktor yang memengaruhi pengungkapan Corporate Social Responsibility (CSR) dari suatu perusahaan. Oleh karena itu, tujuan penelitian tentang analisis rasio keuangan dan laporan CSR perusahaan go public di Indonesia adalah untuk mengetahui tentang pengaruh rasio profitabilitas, rasio ukuran perusahaan, dan rasio leverageterhadap laporan CSR pada perusahaan pertambangan dan perusahaan manufaktur sektor industri dasar dan kimia yang terdaftar di Bursa Efek Indonesia periode 2016. Penelitian ini merupakan penelitian kuantitatif yang menggunakan 56 perusahaan yang terdaftar di BEI pada tahun2016 sebagai sampel yang terpilih secara purposive.Hasil penelitian ditemukan bahwa rasio keuangan profitabilitas yang diproksikan dengan Net Profit Margin (NPM)dan leverage yang diproksikan pada Debt to Equity Ratio (DER) secara parsial tidak berpengaruh terhadap pengungkapan CSR. Sedangkan ukuran perusahaan berpengaruh terhadap pengungkapan CSR. JEL Classification: M14, Q56

scholarly journals The Interaction Effect of Independent Boards on Corporate Governance-Corporate Social Responsibility (CG-CSR) and Performance Nexus

2020 ◽  
Vol 25 (1) ◽  
Author(s):  
Sitara Karim ◽  
Norlida Abdul Manab ◽  
Rusmawati Ismail
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Performance Measures ◽  
Board Independence ◽  
Tobin’S Q ◽  
Governance Mechanisms ◽  
Tobin's Q ◽  
And Performance ◽  
Corporate Social

The financial crises over the past two decades were identified as the main reason for the economic collapse. Malaysia suffered the same fate when many organisations crumpled from inappropriate compliance of governance mechanisms and corporate social responsibility (CSR) disclosure practices. Given this condition, this study intends to examine the effects of governance mechanisms and CSR practice on firm performance and the moderating effect of board independence is investigated on corporate governance-CSR (CG-CSR) and performance nexus of 588 Malaysian companies listed on Bursa Malaysia between 2006 and 2017. Both accounting-based (ROA) and market-based (Tobin’s Q) performance measures have been used for measuring performance. Dynamic model using Generalized Method of Moments (GMM) has been employed on the dataset to control for potential endogeneity, reverse causality, and dynamic heterogeneity. Findings indicate that ownership concentration negatively affects ROA; chief executive officer (CEO) duality positively affects ROA and negatively affects Tobin’s Q. Moreover, investment on CSR is negatively related to both performance measures. Finally, board independence negatively moderates the CG mechanisms, CSR practice, and performance relationship. Findings of the study have implications for Bursa Malaysia and Securities Commission Malaysia to reset the limit of independent directors on board so that their unnecessary interference in operations of management may be avoided. Furthermore, companies need to reassess their CSR strategies whether they are spending on CSR activities or hiding their financial malfeasance in the name of investment on CSR.

2. Pengaruh size dan profitabilitassterhadap good corporate governance perusahaan manufaktur di Bursa Efek Indonesia periode pada tahun 2017-2018 (Studi kasus pada perusahaan manufaktur Food and Beverages )

2017 ◽  
Vol 2 (2) ◽  
pp. 15
Author(s):  
Dra. Ec. Hartati Kanti Astuti, MM ◽  
Ahmad Gamal
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Profit Margin ◽  
Total Asset ◽  
Food And Beverages ◽  
Good Corporate Governance ◽  
Size Profile ◽  
Net Profit ◽  
Corporate Social

Tuntutan terhadap perusahaan untuk memberikan informasi yang transparan, organisasi yang akuntabel serta tata kelola perusahaan yang baik (good corporate governance) memaksa perusahaan untuk memberikan informasi mengenai aktivitas sosialnya. Pengungkapan tanggung jawab sosial perusahaan atau corporate social responsibility dipengaruhi oleh karakteristik perusahaan meliputi size, profile, ukuran dewan komisaris, profitabilitas dan leverage. Penelitian ini bertujuan untuk menguji secara empiris 5 faktor karakteristik perusahaan yang digunakan mempengaruhi pengungkapan tanggung jawab sosial perusahaan. Sampel adalah 59 perusahaan telekomunikasi yang terdaftar di Bursa Efek Indonesia periode Tahun 2007-2008, sesuai dengan kriteria. Penelitian ini merupakan penelitian hipotesis yaitu untuk menguji pengaruh variabel bebas (ukuran perusahaan dan profitabilitas) terhadap variabel terikat (pengungkapan tanggung jawab sosial perusahaan) secara empirik, dengan menggunakan uji Regresi Linier Berganda.       Hasil penelitian menunjukkan bahwa (1) Ukuran perusahaan dengan proksi prosentase jumlah total asset terbukti berpengaruh secara signifikan terhadap pengungkapan tanggung jawab sosial perusahaan, (2) Profitabilitas dengan proksi net profit margin tidak terbukti secara signifikan berpengaruh positif terhadap pengungkapan tanggung jawab sosial perusahaan.

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