GOOD CORPORATE GOVERNANCE, CORPORATE SOCIAL RESPONSIBILITY, AND SUSTAINABILITY REPORT TO FIRM VALUE
DOI:
https://doi.org/10.38142/ijesss.v2i1.53Keywords:
Good Corporate Governance, Corporate Social Responsibility, Sustainability Report, Firm Value.Abstract
Firm value is the company's performance which is reflected by the stock price which is formed by the demand and supply of the capital market which reflects the public's assessment of the company's performance. Several factors that can affect firm value include good corporate governance, corporate social responsibility, and sustainability reports. This study aims to analyze the influence of Good Corporate Governance, Corporate Social Responsibility, and Sustainability Report on Firm Value on the Indonesia Stock Exchange. The research population is manufacturing companies listed on the Indonesia Stock Exchange. The sample in the study of 46 companies was determined based on the purposive sampling method. The results showed that good corporate governance, corporate social responsibility had no effect on firm value while the sustainability report had no effect on firm value. The limitations and suggestions in this study are that this study uses a manufacturing company with an observation period of three years. Further researchers are expected to increase the observation period and increase the number of samples to expand the research results. For further research it is expected to develop and multiply the variations of the independent variables used such as environmental performance, company size
Downloads
References
Agoes, S. (2011). Business and Professional Ethics: Challenges to Build a Whole Person, Jakarta: Salemba Empat
Susanti, A.N., Rahmawati, Y., & Aryani.A. (2010). Analysis of the Influence of Corporate Governance with Profit Quality as an Intervening Variable in Manufacturing Companies Listed on the Indonesia Stock Exchange 2004-2007 Period. I 2010 National Financial Symposium
Lako. A. (2014). Deconstruction of CSR and Reform of Business and Accounting Paradigm. Jakarta: Erlangga.
Ardimas, W., and Wardoyo, W. (2015). The Influence of Financial Performance and Corporate Social Responsibility on Company Value at Go Public Banks Listed on the IDX. Benefit: Journal of Management and Business, 18 (1), 57-66.
Arthur J. Keown, 2008, Financial Management, Issue 10, Jakarta: PT Macanan Jaya Cemerlang
Astriani, E. F. (2014). The influence of managerial ownership, leverage, profitability, firm size and investment opportunity set on firm value. Journal of Accounting, 2 (1).
Brigham, Eugene F, and Joel F. Houston. 2014. Fundamentals of Financial Management. Book 1. Edition 11. Jakarta: Salemba Empat.
"Corporate Governance" and "Good Corporate Governance". IICG. 16 November 2009. www.iicg.or.id.
Dewi, K. R. C., and Sanica, I. G. (2017). The effect of institutional ownership, managerial ownership, and disclosure of corporate social responsibility on firm value in manufacturing companies listed on the Indonesian stock exchange. Scientific Journal of Accounting and Business, 2 (1), 231-246.
Fatchan, I. N., and Trisnawati, R. (2018). The Effect of Good Corporate Governance on the Relationship Between Sustainability Report and Company Value (Empirical Study of Go Public Companies in Indonesia for the 2014-2015 Period). Indonesian Accounting and Financial Research, 1 (1), 25-34.
Fatimah, F., Mardani, R. M., and Wahono, B. (2019). The Effect of Good Corporate Governance on Company Value with Financial Performance as an Intervening Variable (Case Study in Goods Sector Manufacturing Company). Scientific Journal of Management Research, 8 (15).
Global Reporting Initiative (GRI). (2013). G4 Sustainability Reporting Guidelines-Reporting Principles and Standard Disclosures. Amsterdam.
Ghozali, I. (2018). Multivariate Analysis Application with the IBM SPSS 25 Program. Diponegoro University Publisher Agency: Semarang
Gitman, L.J., (2006). Principles of Managerial Finance. USA, Pearson.
Hadi, N. (2011). Corporate Social Responsibility. Cet. First. Yogyakarta: Graha Science.
Harmono, (2009). Financial Management: Based on the Blanced Scorecard, Jakarta: Bumi Aksara.
Heemskerk, B., Pistorio, P. & Scicluna, M. (2002). Sustainable Development Reporting Striking the Balance. World Business Council for Sustainable Development, 1-61.
Hermuningsih, S. (2013). "The Effect of Profitability, Growth Opportunity, Capital Structure on Firm Value in Indonesian Public Companies". Bulletin of Monetary Economics and Banking.
Hidayah, N. (2015). The Effect of Investment Opportunity Set (IOS) and Managerial Ownership on Firm Value in Property and Real Estate Companies on the Indonesia Stock Exchange. Journal of Accounting, 19 (3), 420-432.
Indonesian Accounting Association. (2009). Financial Accounting Standards, PSAK No.1: Presentation of Financial Statements, Jakarta: Salemba Empat.
Indonesian Accountants Association. (2015). Statement of Financial Accounting Standards. Jakarta: Indonesian Accountants Association.
Imam S.T & Amin W.T. (2012). Building Good Corporate Governance. Jakarta: Harvarindo.
Jogiyanto, H. (2003). Portfolio Theory and Investment Analysis. Yogyakarta: BPFE
Kasmir. (2014). Financial Statement Analysis, First Edition, Seventh Printing. Jakarta: PT. Rajagrafindo Persada.
Decree of the Board of Directors of PT Semen Baturaja (Persero) Tbk Number: PH. 01. 04/180/2013 concerning Amendments to the Decree of the Directors of PT Semen Baturaja (Persero) Number: PH. 01. 04/034/2012 Regarding the Guidelines for Good Corporate Governance (GCG) PT Semen Baturaja (Persero)
Latifah, S. W., & Luhur, M. B. (2017). The effect of Sustainability Report Disclosure on firm value with profitability as a moderator. Journal of Accounting and Business, 17 (1), 13-18.
Mahendra, K. Oky. T. (2018). Factors that affect the value of the company in mining companies listed on the Indonesian stock exchange in 2013-2017. Essay. Mahasaraswati University: Denpasar.
Mardiyanto, H. (2008). The Essence of Financial Management: Theory, Questions, and Answers. Jakarta: Graphic.
Maskat, A. (2018). The Effect of Sustainability Report on Company Performance and Value (Empirical Study of Mining Companies Listed on the Indonesia Stock Exchange 2011-2016).
Muliaman. D. Hadad and Istiana Muftuchah. 2015. Sustainable Financing. Jakarta: PT Elex Media Komputindo
Randy, V. (2013). The Effect of Good Corporate Governance Implementation on Corporate Value 2007-2011. Business Accounting Review, 1 (2), 306-318.
Retno, R. D., & Priantinah, D. (2012). The influence of good corporate governance and disclosure of corporate social responsibility on firm value (empirical study of companies listed on the Indonesia Stock Exchange 2007-2010 period). Nominal: Barometer of Accounting and Management Research, 1 (2), 99-103.
Rifqiah, A., Mahsuni, A. W., & Hariri, H. (2020). The Influence of Financial Performance and Good Corporate Governance on Firm Value (Empirical Study of Food and Beverage Companies Listed on the Indonesia Stock Exchange 2016-2018 Period). Scientific Journal of Accounting Research, 9 (1).
Rusdianto, U. (2013). CSR Communication A Framework for PR Practitioners. Yogyakarta: Graha Science.
Sari, N. A., Artinah, B., & Safriansyah, H. (2017). Sustainability Report and Company Value on the Indonesia Stock Exchange. Scientific Journal of Business and Finance, 7 (1), 21-30.
Sejati, B. P., and Prastiwi, A. (2015). The effect of sustainability report disclosure on company performance and value. Diponegoro Journal of Accounting, 195-206.
Siregar, N. Y., & Safitri, T. A. (2019). The Influence of Disclosure of Enterprise Risk Management, Intellectual Capital, Corporate Social Responsibility, and Sustainability Report on Company Values Darmajaya Journal of Business, 5 (2), 53-79.
Sudana I.M. (2011). Corporate Financial Management Theory and Practice. Jakarta: Erlangga
Sudiani, N. K. A., & Darmayanti, N. P. A. (2016). Effect of profitability, liquidity, growth, and investment opportunity set on firm value. E-Journal of Management of Udayana University, 5 (7).
Sugiyono. (2018). Quantitative Research Methods. Bandung: Alfabeta.
Decree of the Minister of BUMN Number Kep-117 / M-MBU / 2002 dated August 1, 2002 concerning the implementation of GCG, Jakarta.
Swastha, B., & Ibnu S. W. (2002) Introduction to Modern Business, Third Edition, Liberty. Yogyakarta
Syafitri, T., Nuzula, N. F., & Nurlaily, F. (2018). The Effect of Good Corporate Governance on Firm Value (Studies on industrial companies in the metal sub sector and the like which are listed in the 2012-2016 period). Journal of Business Administration, 56 (1), 110-117.
Syifa. (2015). The Influence of Investment Opportunity Set (IOS), Institutional Ownership, Independent Commissioner, and Return On Investment (Roi) on Company Value in Manufacturing Companies Listed on the Indonesia Stock Exchange. Essay. Yogyakarta State University
Downloads
Published
Issue
Section
License
Copyright (c) 2021 Yuria Mendra, Putu Wenny SAITRI, Ni Putu Sri MARIYATNI
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Creative Commons Attribution-NonCommercial 4.0 International License.
