Pengungkapan Corporate Social Responsibility, Struktur Corporate Governance dan Nilai Perusahaan
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Published:
Feb 12, 2017
Keywords:
corporate social responsibiliy disclosure, corporate governance structure, corporate value
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Abstract
The concept of the corporate social responsibility has a significant interest in Indonesia because believed to increase corporate’s value for shareholders. This study aims to find the effect of corporate social responsibility disclosure and corporate governance structure on corporate value. The data were taken from annual report of mining companies listed in Indonesian Stock Exchange for period of 2014-2015. The sample collection has been done by using purposive sampling with the certain criteria so that 18 companies which meet criteria have been obtained as samples. Multiple Regression analysis was employed to analyze data. The result of this research show that corporate social responsibility disclosure and corporate governance structure have significant effect to thecorporate value.
Konsep corporate social responsibility saat ini merupakan isu penting bagi perusahaan karena diyakini dapat meningkatkan nilai perusahaan. Penelitian ini bertujuan untuk mengetahui pengaruh dari pengungkapan corporate social responsibility dan struktur corporate governance terhadap nilai perusahaan. Pengambilan data diperoleh dari laporan tahunan perusahaan pertambangan yang terdaftar di Bursa Efek Indonesia selama tahun 2014-2015. Pengumpulan sampel dilakukan dengan menggunakan metode purposive sampling sehingga diperoleh diperoleh sampel sebanyak 18 perusahaan sesuai dengan kriteria yang telah ditetapkan. Analisis data dilakukan dengan menggunakan analisis regresi linier berganda. Hasil penelitian ini menunjukkan bahwa pengungkapan corporate social responsibility dan struktur corporate governance berpengaruh signifikan terhadap nilai perusahaan.
Konsep corporate social responsibility saat ini merupakan isu penting bagi perusahaan karena diyakini dapat meningkatkan nilai perusahaan. Penelitian ini bertujuan untuk mengetahui pengaruh dari pengungkapan corporate social responsibility dan struktur corporate governance terhadap nilai perusahaan. Pengambilan data diperoleh dari laporan tahunan perusahaan pertambangan yang terdaftar di Bursa Efek Indonesia selama tahun 2014-2015. Pengumpulan sampel dilakukan dengan menggunakan metode purposive sampling sehingga diperoleh diperoleh sampel sebanyak 18 perusahaan sesuai dengan kriteria yang telah ditetapkan. Analisis data dilakukan dengan menggunakan analisis regresi linier berganda. Hasil penelitian ini menunjukkan bahwa pengungkapan corporate social responsibility dan struktur corporate governance berpengaruh signifikan terhadap nilai perusahaan.
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Pattisahusiwa, S., & Diyanti, F. (2017). Pengungkapan Corporate Social Responsibility, Struktur Corporate Governance dan Nilai Perusahaan. Jurnal Ekonomi Modernisasi, 13(1), 25–36. https://doi.org/10.21067/jem.v13i1.1763
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Authors who submit a manuscript understand that if the manuscript is accepted for publication, the copyright of the article shall be assigned to Jurnal Ekonomi Modernisasi (JEM).
References
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Purbopangestu, Hary Wisnu, Subowo. (2014). Pengaruh Good Corporate Governance terhadap Nilai Perusahaan dengan Corporate Social Responsibility sebagai Variabel Intervening. Accounting Analysis Journal. Vol. 3 No.3: 321-333
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Rustiarini, Ni Wayan. (2012). Corporate Governance, Konsentrasi Kepemilikan dan Pengungkapan Enterprise Risk Management. Jurnal Manajemen Keuangan Dan Akuntabilitas.Vol. 11 No. 2: 279 – 298
Salazar, José & Husted, Bryan W. (2008). Measuring Corporate Social Performance. Proceedings of the International Association for Business and Society. 19, 149-161.
Siallagan, Hamonagan & Mas’ud Machfoedz. (2006). “Mekanisme Corporate Governance, Kualitas Laba dan Nilai Perusahaanâ€Â. Simposium Nasional Akuntansi IX, Padang, 23-26 Agustus.
Susanti, Serli Ike Ari. (2011). Pengaruh Kualitas Corporate Governance, Kualitas Audit, dan Earnings Management Terhadap Kinerja Perusahaan. Jurnal Ekonomi dan Bisnis. Vol. 5 No.2: 145-161
Sudiyatno, Bambang, Puspitasari, Elen. (2010). Tobins’Q dan Altman Z-Score sebagai Indikator Pengukuran Kinerja Perusahaan. Kajian Akuntansi. Vol. 2 No. 1: 9-21
Suryawan, Zevanya. (2013). Eksploitasi Batu Bara Rusak Kalimantan. www.voaindonesia.com. Diakses pada tanggal 2 April 2017
Undang-Undang No 32 tahun (2009). Perlindungan dan Pengelolaan Lingkungan Hidup
Weisbach, M. (1988). Outside Directors And Ceo Turnover. Journal of Financial Economics, 20. 431-460
Barnhart, Scott W, Stuart, Rosenstein. (2008). Board Composition, Managerial Ownership and Firm Performance: An Empirical Analysis. The Financial Review. Vol 33: 1-16
Byus, K., D. Deis, B. Ouyang. (2010). Doing Well by Doing Good: Corporate Social Responsibility and Profitability. SAM Advanced Management Journal. Vol. 3, No.1: 44-55
Brigham, E.F, J.F Houston. (1999). Majamenen Keuangan. Jakarta : Erlangga
Crisostomo, V. L, F. S. Freire, F. C. Vasconcellos. (2007). Corporate Social Responsibility, Firm Value and Financial Performance in Brazil. Social Responsibility Journal, Vol. 7, No. 2: 295-309.
Dahya, Jay, McConnell , John J. (2007). Board Composition, Corporate Performance, and the Cadbury Committee Recommendation, Journal of Financial and Quantitative Analysis, Vol. 42: 535-564
Dahlia, Veronica. (2008). Pengaruh Corporate Social Responsibility terhadap Kinerja Perusahaan (Studi Empiris Pada Perusahaan yang Tercatat Di Bursa Efek Indonesia pada Tahun 2005 dan 2006). Jurnal FE UNS. Semarang
Gill, A. (2008). Corporate Governance as Social Responsibility: A Research Agenda. Berkeley Journal of International Law. Vol.26 No. 2: 452-478
Habbash, Murya. (2016). Corporate Governance and Corporate Social Responsibility Disclosure: Evidence From Saudi Arabia. Journal of Economic and Social Development. Vol 3 No 1: 87-103
Harrison, Jeffrey S, Wicks, Andrew C. (2013). Stakeholder Theory, Value and Firm Performance. Business Ethics Quaterly. Vol. 23 No. 1: 97-124
Hermuningsih, Sri. (2012). Pengaruh Profitabilitas, Size terhadap Nilai Perusahaan dengan Struktur Modal sebagai Variabel Intervening. Jurnal Siasat Bisnis. Vol.16 No. 2: 232-242
Hussein, Salih Kheiralla, Venkatram, Rengan. (2013). Corporate Governance and Firm’s Value: An Empirical Analysis of Agri-input Firms in India. International Journal of Commerce, Business and Management. Vol. 2 No.6: 353-362
Jensen, MC. W.H. Meckling. (1976). Theory of The Firm: Managerial Behavior, Agency Cost and Ownership Structure. Journal of Financial Economics, Vol 3: 305-360
Komite Nasional Kebijakan Governance. (2011). Pedoman Penerapan Manajemen Risiko Berbasis Governance. Jakarta
Mangantar, Maryam, Ali, Muhammad. (2015). An Analysis of the Influence of Ownership Structure, Invesment, Liquidity and Risk to Firm Value: Evidence from Indonesia. American Journal of Economics and Business Administration. Vol. 7 No. 4: 166-176
Margolis, J.D, Walsh, J.P. (2003). Misery Loves Companies: Rethinking Social Initiatives by Business. Administrative Science Quarterly. Vol 48 No. 5: 268-305
Moeljadi, Supriyati, Triningsih Sri. (2014). Factors Affecting Firm Value: Theoretical Study on Public Manufacturing Firms in Indonesia. South East Asia Journal of Contemporary Business, Economic and Law. Vol. 5 No. 2: 6-15
Muryati, Ni Nyoman Tri Sariri, Suardhika, I Made Sadha. (2014). Pengaruh Corporate Governance terhadap Nilai Perusahaan. E-jurnal Akuntansi. Universitas Udayana. Vol. 9 No. 2: 411-429
Purbopangestu, Hary Wisnu, Subowo. (2014). Pengaruh Good Corporate Governance terhadap Nilai Perusahaan dengan Corporate Social Responsibility sebagai Variabel Intervening. Accounting Analysis Journal. Vol. 3 No.3: 321-333
Prastowo, Joko, Huda, Miftachul. (2011). Corporate Social Responsibility: Kunci Meraih Kemuliaan Bisnis. Yogyakarta: Samudra Biru
Rustiarini, Ni Wayan. (2012). Corporate Governance, Konsentrasi Kepemilikan dan Pengungkapan Enterprise Risk Management. Jurnal Manajemen Keuangan Dan Akuntabilitas.Vol. 11 No. 2: 279 – 298
Salazar, José & Husted, Bryan W. (2008). Measuring Corporate Social Performance. Proceedings of the International Association for Business and Society. 19, 149-161.
Siallagan, Hamonagan & Mas’ud Machfoedz. (2006). “Mekanisme Corporate Governance, Kualitas Laba dan Nilai Perusahaanâ€Â. Simposium Nasional Akuntansi IX, Padang, 23-26 Agustus.
Susanti, Serli Ike Ari. (2011). Pengaruh Kualitas Corporate Governance, Kualitas Audit, dan Earnings Management Terhadap Kinerja Perusahaan. Jurnal Ekonomi dan Bisnis. Vol. 5 No.2: 145-161
Sudiyatno, Bambang, Puspitasari, Elen. (2010). Tobins’Q dan Altman Z-Score sebagai Indikator Pengukuran Kinerja Perusahaan. Kajian Akuntansi. Vol. 2 No. 1: 9-21
Suryawan, Zevanya. (2013). Eksploitasi Batu Bara Rusak Kalimantan. www.voaindonesia.com. Diakses pada tanggal 2 April 2017
Undang-Undang No 32 tahun (2009). Perlindungan dan Pengelolaan Lingkungan Hidup
Weisbach, M. (1988). Outside Directors And Ceo Turnover. Journal of Financial Economics, 20. 431-460