PENGARUH PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY TERHADAP NILAI PERUSAHAAN DENGAN PROPORSI KOMISARIS INDEPENDEN SEBAGAI VARIABEL PEMODERASI (Studi Empiris pada Industri Perbankan yang Terdaftar di Bursa Efek Indonesia)

Abstract

Nowadays, companies are required not only concern with the interest of shareholders but also the company must stand on the triple bottom line, in which the company be responsible to social, environmental, and financial aspects. CSR is one of the company’s responsibilities to society in its business operation. The purpose of this study was to determine the effect of CSR disclosure on corporate value and how CSR disclosure will effect on corporate value with a proportion of independent commissioner as moderating variable. Sample of this study is banking companies listed on Indonesia Stock Exchange (IDX) in the period 2008 to 2010. The data used are annual report that issued each year. There are 21 companies that meet the criteria as the study sample. The sampling technique used is a purposive sampling method. The analysis method used in this study was simple regression and multiple regression analysis. The results of this study indicated that CSR disclosure before moderated had no effect on corporate value in which p-value 0.594 > 0.05. The proportion of independent commissioners as variable moderating not affect the CSR disclosure on corporate value. It can be seen from the significance of CSR is 0,896 (p-value > 0.05) and significance of CSRKomInd for 0,894 (p-value > 0.05).