PENGARUH KEPEMILIKAN KELUARGA TERHADAP KINERJA PERUSAHAAN DENGAN PENGUNGKAPAN TANGGUNGJAWAB SOSIAL SEBAGAI VARIABEL MODERASI (Studi Empiris pada Perusahaan Nonkeuangan yang Terdaftar di Bursa Efek Indonesia Periode 2013-2014)

Abstract

This research aims to examine the impact of family ownership on firm performance and consider the corporate social responsibility disclosure as a moderation variable. Furthermore, this research engages some control variables, namely firm size, firm age, leverage, board ownership, board independence and firm growth. A company with family ownership judged to be outperform nonfamily firm. The better firm performance occurs when companies provide their corporate social responsibility disclosure consistently. This study uses 445 listed Indonesian nonfinancial companies for the period 2013-2014. Number of samples obtained by purposive sampling method with several criteria. The research data were collected from companies’ annual report which can be obtained from Bursa Efek Indonesia and companies’ official website. Data analysis methods are descriptive analysis, classical assumption test (normality test, multicollinearity test, heteroscedasticity test and autocorrelarity test), hypothesis test (F-statistic test, t-statistic test and R2-statistic test) and multiple linear regression analysis. The result shows that family ownership on nonfinancial companies has positive significant impact on firm performance. Nevertheless, corporate social responsibility disclosure negatively improves the positive impact of family ownership on firm performance.