The Influence of Good Corporate Governance and Corporate Social Responsibility on Firm Value: Evidence from Indonesia
Journal: International Journal of Economics and Financial Research (Vol.5, No. 7)Publication Date: 2019-07-15
Authors : Farida Farida; Adhika Ramadhan; Ratih Wijayanti;
Page : 177-183
Keywords : GCG; CSR; Firm value; LQ-45.;
Abstract
The company goal is to maximize the shareholders' prosperity, not just to maximize profit. The fact is that the company not only has economic responsibility but also social responsibility to the community and its environment. The purpose of this study was to analyze the effect of good corporate governance (GCG) and corporate social responsibility (CSR) on the firm value. The research sample of 15 companies was taken using purposive sampling from companies listed in the LQ-45 on the Indonesia Stock Exchange for the period of 2014-2017. This study uses panel data regression analysis with Random Effect model method. GCG is a representation of managerial ownership, institutional ownership, independent commissioner, and audit committee. The results of this study indicate that there is a significant influence between GCG and CSR on firm value simultaneously. Partially, independent Commissioners and CSR each have an influence on the firm value, but there is an anomaly.
Other Latest Articles
- Internal Determinants of Islamic Bank Profitability: Evidence from Bangladesh
- International Management and Sustainable Profitability: First Bank of Nigeria Perspective
- An Assessment of the Impact of Foreign Direct Investment on Employment: The Case of Ghana’s Economy
- Monetary Policy: Is the Dual Mandate of the Fed Maximizing the Social Welfare?
- Health Outcomes and Agricultural Output in Nigeria
Last modified: 2019-07-22 14:21:12