PENGARUH PENERAPAN GOOD CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN DENGAN IMPLEMENTASI CSR SEBAGAI VARIABEL PEMODERASI

Abstract

Corporate Governance is a system that regulates and controls the company that is expected to
provide and enhance the company’s value to its shareholders. This study aims to determine the effect of the
implementation of good corporate governance (GCG) to the value of state-owned banks companies listings in
Indonesia stock exchange (IDX) with the implementation of corporate social responsibility (CSR) as a moderating
variable. This research is a quantitative, analytical models using classical assumption test consists of a test
heterokedastisitas, non-autocorrelation test and normality test, followed by analysis using regression analysis
moderation. The results showed that, application of good corporate governance is proxied by Managerial
Ownership (X1), Proportion of Independent Commissioner (X2), Audit Committee (X3), Independence of the
Audit Committee (X4), Frequency of Audit Committee Meetings (X5) and the frequency of Board Meeting
(X5) simultaneously significant effect on firm value (Tobin’s Q). With the results of R Square of 61.1% means
that the variable Tobin’s Q (Y) in the six variables explained by the moderating variable of Corporate Social
Responsibility (Z). While the remaining 38.9% is explained by other variables or independent variables outside
the regression equation.