Pengaruh Corporate social responsibility dalam Hubungan corporate governance dan Nilai Perusahaan pada Perusahaan Manufaktur yang listing di Bursa Efek Indonesia

Abstract

Tujuan penelitian ini adalah untuk menguji dan menganalisis pengaruh corporate governance terhadap nilai perusahaan pada perusahaan manufaktur yang listing di bursa efek indonesia, dan menguji dan menganalisis apakah variabel corporate social responsibility berpengaruh terhadap nilai perusahaan serta corporate social responsibility sebagai variabel moderating mempengaruhi hubungan variabel corporate governance terhadap harga nilai perusahaan. Populasi penelitian ini yaitu sebanyak yaitu 131 perusahaan yang merupakan perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia sejak tahun 2010-2011. Sampel dipilih dengan menggunakan metode purposive sampling berjumlah 63 perusahaan. Data diolah menggunakan metode uji statistic regresi linier berganda untuk hipotesis pertama, metode uji statistik regresi linier berganda untuk hipotesis kedua, dan uji nilai absolute selisih mutlak untuk hipotesis ketiga dengan menggunakan software SPSS. Hasil Penelitian ini membuktikan pada hipotesis pertama bahwa corporate governance yang terdiri dari 4 indikator yaitu kepemilikan manajerial, kepemilikan institusional, komite audit dan komisaris independen beserta variabel control size dan leverage berpengaruh terhadap nilai perusahaan, dan pada hipotesis kedua corporate social responsibility yang berperan sebagai independen variabel dan variabel control berpengaruh terhadap nilai perusahaan. Dan untuk yang ketiga variabel corporate social responsibility yang digunakan sebagai variabel moderating pada pengujian hipotesis ketiga, dan hasil penelitiannya menunjukkan bahwa variabel corporate social responsibility berpengaruh namun tidak signifkan terhadap hubungan antara variabel corporate governance dan nilai perusahaan pada perusahaan manufaktur yang terdaftar di BEI.

The purpose of this study was to test and analyze the influence of corporate governance on the value of company in the manufacturing companies registered in the Indonesia Stock Exchange, and to test and analyze whether or not be the variable of corporate social responsibility as moderating variable had influence on the relationship between the variable of corporate governance and the value of company. The population of this study was 131 manufacturing companies registered in Indonesia Stock Exchange from 2010 to 2011 and 63 of them were selected to be the samples for this study through purposive sampling technique. The first hypothesis of the data obtained was processed through multiple linear regression statistic tests, and for the second hypothesis was processed through multiple linear regression statistic tests too, and for the third hypothesis was processed through absolute different value test using SPSS program. The result of this study proved that, in the first hypothesis, corporate governance comprised 4 (four) indicators such as managerial ownership, institutional ownership, audit committee, independent commissioner with the variables of size control and leverage with influence on the value of company; in the second hypothesis, corporate social responsibility in its role as independent variable and control variable had influence on the value of company; and the variable of corporate social responsibility was used as moderating variable in testing the third hypothesis. The result of this study showed that the variable of corporate social responsibility had an insignificant influence on the relationship between the variable of corporate governance and the value of company in the manufacturing companies registered in the Indonesia Stock Exchange.