How the good corporate governance moderate relationship between corporate social responsibility voluntary disclosure and firm value? A case study on bank listed on IDX 2019-2021

Ni Gusti Ayu Made Utari Dewi; Anak Agung Gde Putu Widanaputra

doi:10.21744/irjmis.v10n3.2316

Authors

Ni Gusti Ayu Made Utari Dewi
utaridewi070@gmail.com
Udayana University, Denpasar, Indonesia
Anak Agung Gde Putu Widanaputra Udayana University, Denpasar, Indonesia

Keywords:

corporate social responsibility, firm value, good corporate governance, Indonesia Stock Exchange (IDX), managerial ownership

Abstract

This study aims to obtain empirical evidence regarding the effect of Good Corporate Governance, which is proxied by managerial ownership, institutional ownership, the proportion of independent commissioners, and audit committees as a moderating variable on the relationship between disclosure of Corporate Social Responsibility and the value of banking companies listed on the IDX for the period 2019-2021. This research includes quantitative descriptive research. The population in this study are all banks listed on the Indonesia Stock Exchange (IDX). The sampling technique used was purposive sampling technique and the samples obtained were 31 banks. Tobin's Q is used as a ratio in measuring firm value. The type of data used is secondary data derived from the company's annual report and sustainability report. The data were analysed by descriptive analysis and multiple regression analysis. The results showed that Good Corporate Governance (GCG) as a moderating variable significantly influences the relationship between Corporate Social Responsibility (CSR) and firm value. This means that banks that disclose higher Corporate Social Responsibility (CSR) can increase firm value, especially in companies with a level of implementation of Good Corporate Governance (GCG) which is proxied by high managerial ownership in banking companies listed on the IDX for 2019-2021.

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