FIRM SIZE MEMODERASI CORPORATE SOCIAL RESPONSIBILITY DAN GOOD CORPORATE GOVERNANCE PADA NILAI PERUSAHAAN
DOI:
https://doi.org/10.34127/jrakt.v7i2.718Abstract
The establishment of a company can advance the economy and improve people's welfare. However, companies are also required to be able to increase the welfare of shareholders by increasing the value of the company. There are several factors that influence company value, namely corporate social responsibility (CSR) and good corporate governance (GCG). This study aims to see how much influence CSR and GCG have on company value, while firm size is a moderating variable for companies registered at CGPI for the 2017-2021 implementation period. This study uses the method of clarity (explanation) with secondary data (financial reports and CGPI data). Hypothesis testing uses the WarpPLS application with the Structural Equation Modeling (SEM) approach. The results of the study show that CSR carried out by companies does not have a significant impact on firm value even though it is reinforced by firm size, while GCG influences firm value by strengthening firm size. This research is useful as a research reference in the field of accounting, as well as providing information in making investment decisions in a company.
Key words: Corporate Social Responsibility, Good Corporate Governance, Company Size, Company
References
Adinegara, G., & Sukamulya, S. (2021). The Effect Of Good Corporate Governance On The Market Value Of Financial Sector Companies In Indonesia. Jurnal Akuntansi Dan Keuangan, 23(2), 83–94. Https://Doi.Org/10.9744/Jak.23.2.83-94
Cahyaningtyas, A. R., & Hadiprajitno, B. (2015). Pengaruh Corporate Governance Perception Index Dan Profitabilitas Perusahaan Terhadap Nilai Perusahaan. Diponegoro Journal Of Accounting, 4, Nomor 3, 1–12.
Dewi, G. A. I. P., & Badera, I. D. N. (2021). Pengungkapan Corporate Social Responsibility, Mekanisme Good Corporate Governance, Dan Nilai Perusahaan. E-Jurnal Akuntansi Universitas Udayana, 31(11), 2774–2787.
Fauzi, A. S., Suransi, N. K., & Alamsyah. (2016). Pengaruh Gcg Dan Csr Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Pemoderasi. Jurnal Infestasi, 2(1), 1–19.
Feviana, D. L., & Supatmi, S. (2021). Good Corporate Governance Affects Company Value With Earnings Management As Intervening Variables In Bumn. International Journal Of Social Science And Business, 5(1). Https://Doi.Org/10.23887/Ijssb.V5i1.31530
Ghozali, I. (2018). Ghozali 2018. Aplikasi Analisis Multivariate Dengan Program Ibm Spss 25. Badan Penerbit Universitas Diponegoro: Semarang.
Ghozali, I., & Latan, H. (2015). Konsep, Teknik, Aplikasi Menggunakan Smart Pls 3.0 Untuk Penelitian Empiris. Bp Undip. Semarang.
Irawan, D., & Kusuma, N. (2019). Pengaruh Struktur Modal Dan Ukuran Perusahaan Terhadap Nilai Perusahaan. Jurnal Aktual Stie Trisna Negara, 17(1), 66–81.
Karina, D. R. M., & Setiadi, I. (2020). Pemoderasi Csr Influence On Corporate Value With Gcg As Moderators. Jramb, 6(1), 37–49.
Kesumastuti, M. A. R. M., & Dewi, A. A. (2021). Pengaruh Pengungkapan Csr Terhadap Nilai Perusahaan Dengan Usia Dan Ukuran Perusahaan Sebagai Variabel Moderasi. E-Jurnal Akuntansi, 31(7), 1854. Https://Doi.Org/10.24843/Eja.2021.V31.I07.P19
Laili, C. N., Djazuli, A., & Indrawati, N. K. (2019). The Influence Of Corporate Governance, Corporate Social Responsibility, Firm Size On Firm Value: Financial Performance As Mediation Variable. Jurnal Aplikasi Manajemen, 17(1), 179–186. Https://Doi.Org/10.21776/Ub.Jam.2019.017.01.20.
Lubis, R. W. A. (2021). Bisma Cendekia Implementation Of Good Corporate Governance And. Bisma Cendekia, 1(3), 127–132.
Rohali, S. S., Maimunah, D., Fadillah, N. A., & Sugiyanto. (2021). Pengaruh Penerapan Good Corporate Governance Terhadap Nilai Perusahaan Dengan Kinerja Perusahaan Sebagai Variabel Intervening. Iqtishoduna, 1, 897 – 910. Https://Doi.Org/10.18860/Iq.V10i1.3579.
Sukoco, I. (2013). Jurnal Dinamika Manajemen. 4(2), 188–198.
Surjadi, C., & Tobing, R. L. (2016). Efek Moderasi Ukuran Perusahaan Pada Pengaruh Good Corporate Governance Terhadap Nilai Perusahaan (Studi Pada Perusahaan-Perusahaan Emiten Yang Terdaftar Pada Lq 45 Periode Agustus 2014 S/D Januari 2015). Manajemen Bisnis Kompetensi, 11(2), 69–78. Http://Ejournal.Ukrida.Ac.Id/Ojs/Index.Php/Mb/Article/View/1279
Utami, D. W., & Syafruddin, M. (2015). Governance, Pengaruh Mekanisme Corporate Perusahaan, Terhadap Kinerja Keuangan. Diponegoro Journal Of Accounting, 4(2), 1–13.
Widiastari, P. A., & Yasa, G. W. (2018). Pengaruh Profitabilitas, Free Cash Flow, Dan Ukuran Perusahaan Pada Nilai Perusahaan. E-Jurnal Akuntansi Universitas Udayana, 23, 957–981.
Wirawan, A. W., Falah, L. J., Kusumadewi, L., Adhariani, D., & Djakman, C. D. (2020). The Effect Of Corporate Social Responsibility On The Firm Value With Risk Management As A Moderating Variable. Journal Of Asia-Pacific Business, 21(2), 143–160. https://doi.org/10.1080/10599231.2020.1745051.
Yanto, E. (2018). Effect of Corporate Social Responsibility and Good Corporate Governance on the Value of Company with Profitability as Moderating Variables. JAAF (Journal of Applied Accounting and Finance), 2(1), 36. https://doi.org/10.33021/jaaf.v2i1.304.
