Pengaruh corporate social responsibility dan good corporate governance terhadap nilai perusahaan dengan profitabilitas sebagai variabel moderasi: Studi pada perusahaan Indonesia yang terdaftar di LQ45 tahun 2014-2017

INDONESIA:

Tujuan utama perusahaan pada dasarnya adalah meningkatkan nilai perusahaan secara maksimal. Nilai perusahaan merupakan indikator perusahaan dalam hal memenuhi kewajibannya kepada investor, nilai perusahaan juga mencerminkan keberlangsungan perusahaan di masa mendatang.

Penelitian ini merupakan penelitian kuantitatif dengan menggunakan data sekunder yang diperoleh dari perusahaan yang terdaftar di LQ45 dengan metode purposive sampling. Data yang diperoleh sebanyak 23 perusahaan yang dianalisis dengan menggunakan Moderate Regression Analys dan diolah dengan menggunakan bantuan software SPSS. Variabel independen Good Corporate Governance diukur dengan Kinerja Manajerial, Kepemilikan Institusional, dan Independensi Dewan Komisaris, serta Corporate Social Responsibility yang diukur dengan CSRi. Sedangkan variabel dependen Nilai Perusahaan diukur dengan nilai Tobin’s Q, dan Profitabilitas sebagai variabel Moderasi dengan proksi Return On Asset.

Hasil penelitian menyatakan bahwa Corporate Social Responsibility dan Good Corporate Governance berpengaruh signifikan terhadap nilai perusahaan. Profitabilitas mampu memoderasi Corporate Social Responsibility dan Good Corporate Governance terhadap Nilai Perusahaan.

ENGLISH:

The main goal of a corporation is basically to increase its value to the fullest. Corporate value is an indicator of the corporation in terms of fulfilling its obligations to investors and also reflecting the sustainability of the corporation in the future.

This research is a quantitative research using the secondary data obtained from companies registered in LQ45 with purposive sampling method. The data obtained by 23 companies were analyzed using Moderate Regression Analysis and processed using SPSS software. Independent variables of good corporate governance were measured by Managerial Performance, Institutional Ownership, and Independence of the Board of Commissioners, as well as corporate social responsibility which was measured by CSRi. Meanwhile, the corporate value as the dependent variable was measured by the value of Tobin's Q, and profitability as a moderating variable was measured by Return on Assets proxy.

The results of the study state that the corporate social responsibility and good corporate governance have a significant effect on the corporate value. Profitability is able to moderate the corporate social responsibility and good corporate governance towards the corporate value.