ANALISIS HUBUNGAN ANTARA CORPORATE GOVERNANCE, CORPORATE SOCIAL RESPONSIBILITY DAN NILAI PERUSAHAAN (STUDI EMPIRIS PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2010-2012)

Abstract

The objective of this research is to analyze the effect corporate governance is proxied by using managerial ownership, institutional ownership, the independence of board commissioners of the corporate social responsibility and corporate value in companies listed in Indonesia Stock Exchange. This research is based on previous research conducted by Murwaningsari (2009) with some modification because there are differences in sample companies, research and methods of analysis The sample of this research was manufacturing company which listed on the Indonesia Stock Exchange (BEI) in the year 2010-2012. Data were collected by using purposive sampling method. Based on this method obtained a sample of 120 observations data for analysis. The hypotheses testing of this research employed path analysis with statistical program SmartPLS 2.0 M3. The results show that corporate governance mechanisms that are proxied by using managerial ownership and institutional ownership have no significant effect on CSR. Meanwhile another mechanism, i.e. the independence of board commissioners has a significant positive effect on CSR. Furthermore, this study finds that managerial ownership, institutional ownership, the independence of board commissioners, and CSR have significant positive effects on firm value