Email this article PENGUNGKAPAN ISLAMIC CORPORATE SOCIAL RESPONSIBILITY (ICSR) DAN GOOD CORPORATE GOVERNANCE (GCG) TERHADAP NILAI PERUSAHAAN DENGAN KINERJA KEUANGAN SEBAGAI VARIABEL INTERVENING)
Abstract
The company maintains its existence by maintaining the company's financial performance and establishing its good relations to its stakeholders. Islamic Corporate Social Responsibility (ICSR) and Good Corporate Governance (GCG) are forms of corporate responsibility towards its stakeholders. This study aims to analyze the effect of disclosures of ICSR and GCG on the Company Profitability and the Company Value through Company Profitability.
The proxy variables used are the ISR Index (Islamic Social Reporting), the GCG Index sourced from KNKG and OJK, ROE and PBV. Companies chosen as the sample of research are those included in JII for the period 2016 - 2018. Data analysis and hypothesis testing were conducted through the Mediation effect Regression technique by using the SEM - PLS algorithm generated by Smart PLS 3.0 software.
The results showed that (1) ICSR had a negative and insignificant effect on Company Financial Performance, (2) ICSR had a negative insignificant effect on Company Value, (3) GCG had a significant positive effect on Company Financial Performance, (4) GCG had a positive and significant effect on Company Value,(5) Financial Performance had a significant and positive effect on Company Value,(6) Financial Performance could not mediate the relationship of ICSR influence on Company Value, and (7) Financial Performance could mediate the relationship of GCG influence towards Company Value.
Keywords
Full Text:
PDFReferences
Adda, G., Azigwe, D. J., & Awuni, A. R. (2016). Bussiness Ethics and Corporate Social Responsibility For Bussiness Success. European Journal of Business and Innovation Research Vol.4, .
Arifin, J., & Wardani, E. A. (2016). Islamic corporate social responsibility disclosure, reputasi, dan kinerja keuangan: Studi pada bank syariah di Indonesia. Jurnal Akuntansi & Auditing Indonesia 20(1) .
Bae, S. M., Masud, M. A., & Kim, J. D. (2018). A Cross-Country Investigation of Corporate Governance and Corporate Sustainability Disclosure: A Signaling Theory Perspective. Sustainabilty Journal .
Brigham, E. F., & Houston. (2006). Fundamental of FinancialManagement:Dasar-Dasar Manajemen Keuangan. Edisi 10. Jakarta: Salemba Empat.
Brigham, E., & Daves, P. (2010). Intermediate Financial Management. Tenth Edition. South Western: Cengage Learning.
Deegan, C. (2004). Financial Accounting Theory. Sydney: McGraw-Hill.
Dusuki, A. W. (2008). What Does Islam Say about Corporate Social Responsibility? Review ofIslamic Economics, Vol. 12, NO.1, .
Firdaus, A., BZ, F. S., & Diantimala, Y. (2018). The Influence of Good Corporate Governance and Corporate Social Responsibility towards the Financial Performance that has Implications for Firm Value of Banking Companies Listed in Indonesia Stock Exchange. Human Resource Management Academic Research Society .
Freeman, R. E., & Reed, D. L. (1983). Stockholders Stock and stakeholders. California Management Review .
Ghozali, P. D., & Latan, H. S. (2015). PARTIAL LEAST SQUARE Konsep, Teknik dan Aplikasi menggunakan Program Smart PLS 3.0. Semarang: Badan Penerbit - Undip.
Governance, K. N. (2006). Pedoman Umum Good Corporate Governance Indonesia. Pedoman Umum Good Corporate Governance Indonesia . Jakarta: Komite Nasional Kebijakan Governance.
Hanafi, M. M. (2014). Manajemen Keuangan. Edisi 1. Yogyakarta: BPFE.
Haniffa, R. (2002). Social Reporting Disclosure : An Islamic Perspective. Indonesian Management & Accounting Research Vol 1 No 2 .
Hartono, J., & Abdillah, W. (2016). Konsep & Aplikasi PLS (Partial Least Square) untuk Penelitian Empiris. Yogyakarta: BPFE.
Ilmi, M., Kustono, A. S., & Sayekti, Y. (2017). Effect Of Good Corporate Governance, Corporate Social Responsibility Disclosure Aand Managerial Ownership To The Corporate Value With Financial Performance As Intervening Variables: Case On Indonesia Stock Exchange. International Journal of Social Science and Business .
Jallo, A., Mus, A. R., Mursalim, & Suryanti. (2017). Effect of corporate social responsibility, good corporate governance and ownership structure on financial performance and firm value: A Study in Jakarta Islamic Index. IOSR Journal of Business and Management (IOSR-JBM) .
Jensen, M. C. (2001). Value Maximization, Stakeholder Theory, and the Corporate Objective Function. JOURNAL OF APPLIED CORPORATE FINANCE .
Jensen, M. C., & Meckling, W. H. (1976). THEORY OF THE FIRM: MANAGERIAL BEHAVIOR, AGENCY COSTS AND OWNERSHIP STRUCTURE. Journal of Financial Economics 3 .
Kurniasari, W., Wibowo, B. J., & Wijaya, Y. A. (2017). The Mediating Effect of Corporate Social Responsibility and Good Corporate Governance on the Company's Firm Value. Research Journal of Social Sciences .
Mai, M. U. (2017). Mediation of CSR and Profitability on The Influences of GCG Mechanism to The Firm Value. Jurnal Keuangan dan Perbankan .
Maryanti, E., & Fithri, W. N. (2017). Corporate Social Responsibilty, Good Corporate Governance, Kinerja Lingkungan Terhadap Kinerja Keuangan Dan Pengaruhnya Pada Nilai Perusahaan. Journal Of Accounting Science Vol. 1 No. 1 EISSN 2548-3501 .
Nahar, A., Chariri, A., & Jatmiko, T. (2017). Islamic social report, good corporate governance financial performance and company value. The 2nd International Conference on Accounting, Business & Economics. Yogyakarta: Faculty of Economics, Unversitas Islam Indonesia.
Othman, R., & Thani, A. M. (2010). Islamic Social Reporting Of Listed Companies In Malaysia. International Business & Economics Research Journal.
Samsi, H., Mustafa, M., & Pontoh, G. T. (2014). The effect of corporate governance on the relationship between corporate social responsibility disclosure and corporate value. The Indonesian Accounting Review Vol. 4, No. 1 .
Santoso, A. (2017). Pengaruh Good Corporate Governance terhadap Nilai Perusahaan dengan Kinerja Keuangan sebagai Variabel Intervening. SNAPER-EBIS.
Setiawan, I., Swandari, F., & Dewi, D. M. (2018). Pengaruh Pengungkapan Islamic Social Reporting (ISR) Terhadap Nilai Perusahaan Dengan Kinerja Keuangan Sebagai Variabel Moderating. Jurnal Wawasan Manajemen .
Sutapa, & Laksito, H. (2018). Peran Islamic Social Reporting terhadap Nilai Perusahaan. Jurnal Akuntansi Indonesia, Vol. 7 No. 1 .
Weningtyas, N., & Yusniar, M. W. (2013). Penyusunan Indeks Tata Kelola Perbankan dan Pengaruhnya Terhadap Kinerja Perbankan Indonesia. Banjarmasin. Prosiding SNA XVII. Mataram.
Weston, J. F., & Copeland, T. E. (1995). Manajemen Keuangan. Edisi 9, Jilid 1. Alih Bahasa, Jaka Wasana, Kirbrandoko; Editor, Suryadi S. Jakarta: Binarupa Aksara.
www.idx.co.id ; Bursa Efek Indonesia
DOI: https://doi.org/10.18860/em.v11i2.8922
Refbacks
- There are currently no refbacks.
Copyright (c) 2020 EL MUHASABA : Jurnal Akuntansi (e-journal)
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Megawati Soekarnoputri Building
Accounting Department, Faculty of Economics
Jln. Gajayana 50 Telp (0341) 558881
E-mail: elmuhasaba@uin-malang.ac.id
Universitas Islam Negeri Maulana Malik Ibrahim Malang
E-ISSN 2442-8922
Member of:
Indexed by:
