CSR's Capability as a Conflict's Resolution to Enhance a Firm's Value in Indonesia

Abstract

The purpose of this research is to analyse the part of agency cost reduction, firm's corporate governance quality in its relation with corporate social responsibility (CSR), and firm's value. The sample used in this research are firms that have CSR information disclose in their annual company's report and firms that are joining corporate governance ranking conducted by The Indonesian Institute for Corporate Governance (IICG) publicized as CGPI (Corporate Governance Perception Index) year 2006-2012. The research outcomes demonstrate that CSR produces a direct positive result to firm's value. It also demonstrates that agency cost reduction has a role as an intermediary between CSR and firm's value. Other outcomes demonstrate that firm's corporate governance quality do not moderate correlation between CSR and agency cost reduction.

Do Private Benefits of Control Affect Corporate Social Responsibility? Evidence from China

“…To purse more private benefits of control, the controlling shareholders tend to show less support for the managers to invest in projects with unclear returns, and hope that the investment can pay back in a short term [60]. However, the future value of CSR projects is highly uncertain and less likely to be apparent in the short term [61], which is obviously contrary to the controlling shareholder's motive for seeking private benefit of control.…”

Pengaruh Pengungkapan CSR Dan Tata Kelola Perusahaan Terhadap Nilai Perusahaan Sektor Industri Sub Sektor Tekstil Dan Garmen

“…(2005) mengatakan bahwa prinsip tata kelola perusahaan yang diterapkan secara konsisten dan komitmen dapat mengurangi permasalahan mengenai rekayasa kinerja yang mengakibatkan informasi dalam laporan manajer tidak menunjukkan kinerja yang sesungguhnya. Selain itu, pengungkapan tanggung jawab sosial perusahaan juga dapat mengurangi asimetri informasi antara perusahaan dan para pemangku kepentingan (Cheng & Christiawan, 2011;Tristiarini, 2015).…”