EFFECT OF GOOD CORPORATE GOVERNANCE, CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE AND MANAGERIAL OWNERSHIP TO THE CORPORATE VALUE WITH FINANCIAL PERFORMANCE AS INTERVENING VARIABLES: CASE ON INDONESIA STOCK EXCHANGE

Authors

  • Mainatul Ilmi STIE MANDALA JEMBER
  • Alwan Sri Kustono University of Jember
  • Yosefa Sayekti University of Jember

DOI:

https://doi.org/10.23887/ijssb.v1i2.10539

Keywords:

GCG, CSR Disclosure, managerial ownership, corporate value, financial performance.

Abstract

ABSTRACT

This study aims to analyze the direct effects of good corporate governance, corporate social responsibility disclosure, and managerial ownership of corporate value, as well as to analyze the indirect effects of good corporate governance, corporate social responsibility disclosure, and managerial ownership of firm value through financial performance. The research method used is path analysis. The population in this study are all manufacturing companies listed on the BEI in 2011 - 2015, with members of the population are 146 companies. The sampling technique used purposive sampling technique, then obtained 61 companies that meet the criteria, so the total sample is 310 observations (firm - years).

The result of the research shows that (1) Good corporate governance (GCG) has a significant positive effect to corporate financial performance. (2) Corporate social responsibility disclosure has positive significant effect to corporate financial performance. (3) Managerial ownership does not affect to corporate financial performance. (4) Good corporate governance (GCG) has a significant positive effect to corporate value. (5) Corporate social responsibility disclosure (CSRD) has no effect to corporate value. (6) Managerial ownership does not affect to the corporate value. (7) Financial performance has a significant positive effect to corporate value.

Keywords: GCG, CSR Disclosure, managerial ownership, corporate value, financial performance.

References

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Black, B. S. 2005. How Corporate Governance Affects Firm Value: Evidence On Channels From Korea, School Of Law Law And Econ Research Paper Number 09-23 University Of Texas School Of Law Law And Economics Working Paper No. 51 University Of Texas, Mccombs School Of Business.

Christiawan, Y. J., and J. Tarigan. 2007. Kepemilikan Manajerial: Kebijakan Hutang, Kinerja Dan Nilai Perusahaan. Jurnal Akuntansi Dan Keuangan 9 (1):Pp. 1-8.

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Published

2017-07-18

How to Cite

Ilmi, M., Kustono, A. S., & Sayekti, Y. (2017). EFFECT OF GOOD CORPORATE GOVERNANCE, CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE AND MANAGERIAL OWNERSHIP TO THE CORPORATE VALUE WITH FINANCIAL PERFORMANCE AS INTERVENING VARIABLES: CASE ON INDONESIA STOCK EXCHANGE. International Journal of Social Science and Business, 1(2), 75–88. https://doi.org/10.23887/ijssb.v1i2.10539

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Articles