PENGARUH KEPEMILIKAN ASING, KEPEMILIKAN NEGARA, UKURAN DEWAN DAN DEWAN INDEPENDEN MEMODERASI HUBUNGAN ANTARA CORPORATE SOCIAL RESPONSIBILITY DAN KINERJA KEUANGAN (Studi Empiris pada Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia Tahun 2015-2016)

Abstract

This study was conducted to examine the effect of foreign ownership, state ownership, board size, independent board moderate the relationship between CSR and Financial Performance on manufacturing companies listed on Indonesia Stock Exchange 2015-2016. In this research, the dependent variable used is financial performance. The independent variables in this study are Corporate Social Responsibility (CSR), with moderate variables of foreign ownership, state ownership, board size, and independent board. This study uses secondary data in the form of annual reports and financial reports on manufacturing companies listed on the Indonesia Stock Exchange during the period 2015-2016. Sampling method used in this research is purposive sampling. The total sample of 91 samples. The influence of CSR, foreign ownership, state ownership, board size, and independent board on financial performance in this study were analyzed by using multiple regression analysis. The results showed that CSR significantly positive effect on financial performance. The moderating variable of foreign ownership significantly negatively influences the relationship between CSR and financial performance. The moderating variable of state ownership is not significantly positive to the relationship between CSR and financial performance. The moderating variable of board size is not significantly positive to the relationship between CSR and financial performance. The moderating variable of independent board significantly negatively affects the relationship between CSR and financial performance.