PENGARUH KINERJA KEUANGAN
TERHADAP NILAI PERUSAHAAN DENGAN
PENGUNGKAPAN CORPORATE SOCIAL
RESPONSIBILITY DAN STRUKTUR GOOD
CORPORATE GOVERNANCE SEBAGAI
VARIABEL PEMODERASI
This research is to investigate the influence of corporate social
responsibility disclosure and good corporate governance structures to
relationship between financial performance and firm value. The aim of this
research is to find empirical proof about (a) the influence of financial
performance to firm value, (b) the influence of independent commissioners as
moderating variable in the relationships between financial performance and firm
value, (c) the influence of institutions ownership as moderating variable in
relationships between financial performance and firm value, (d) the influence of
managerial ownership as moderating variable in relationships between financial
performance and firm value,(e) the influence of audit committee as moderating
variable in relationships between financial performance and firm value,(f) the
influence of disclosure CSR as moderating variable in relationships between
financial performance and firm value.
ROA is used as the proxy of financial performance and Tobins Q is used
as the proxy of firm value. The sample of this research is manufacture firms which
is listed on Indonesia Stock Exchange (IDX) over 2007-2010. The research
sample are 24 firms with 96 observations. The analysis methods of this research
use simple regression analysis for hypothesis 1 and multiple regression analysis
with the Moderated Regression Analysis (MRA) for hypothesis 2 until 6.
The results of this research show that ROA doesn’t have significant
influence to Tobins Q, meanwhile the analysis with the moderating variable MRA
shows that independent commissioners, managerial ownership and audit
committee can’t moderate in relation between ROA and Tobins Q. Institutions
ownership and CSR disclosure moderate in relation between ROA and Tobins Q
that it shows positive significant influenence