The Role of Institutional Ownership as Moderating Corporate Social Responsibility (CSR) Programs on Corporate Values

This study aims to determine the effect of Corporate Social Responsibility on Firm Value with Institutional Ownership as a moderating variable in mining companies. This study uses the population of mining companies listed on the Indonesia Stock Exchange (IDX) in 2015-2017. Sampling using a purposive sampling technique and samples obtained by 10 companies. The analytical method used is quantitative using SPSS 15.0. The results of this study indicate that Corporate Social Responsibility has a negative effect on Company Value. The results of the Institutional Ownership research on Company Value have a positive effect which means it can moderate CSR on Company Value. This positive relationship shows that the increase in Institutional Ownership has an impact on the strengthened level of control exercised by shareholders on managerial behavior aimed at reducing agency costs and increasing Company Value.