KEPEMILIKAN MANAJERIAL & KOMISARIS INDEPENDEN SEBAGAI PEMODERASI KINERJA LINGKUNGAN DAN CSR TERHADAP KINERJA KEUANGAN

Abstract

This study aims to test and analyze the influence of environmental performance and corporate social responsibility on the company's financial performance with corporate governance as moderation. Environmental performance is measured using PROPER ratings, financial performance is measured using return on equity, and return on sales, as well as corporate governance that is proxies with managerial ownership and independent commissioners. The research object used is a mining company registered in the Indonesia stock exchange period 2015-2019. Purposive sampling techniques and multiple linear data analysis techniques were used to obtain samples as well as to test hypotheses in this study. The results of this study showed that environmental performance has a significant positive effect on financial performance, while corporate social responsibility has no effect on financial performance, managerial ownership is not able to moderate the relationship of environmental performance to financial performance and independent commissioners are able to moderate the relationship of environmental performance and corporate social responsibility to financial performance.

Profitabiltas Sebagai Moderating Pengaruh Kinerja Esg, Green Innovation, Eco-Efficiency Terhadap Nilai Perusahaan

“…Penelitian sebelumnya tentang bagaimana meningkatkan kinerja atau nilai perusahaan memang telah dilakukan, akan tetapi masih terbatas pada lembaga keuangan bukan bank (asuransi) seperti yang dilakukan oleh (Ismanto & Rosini, 2023), dengan determinan di luar aspek lingkungan seperti Enterprise Risk Management dan kepemilikan manajerial ataupun institusional (Ismanto dkk, 2023;Nugrahanto & Gramatika, 2022). Penelitian Limanto & Handoko (2022) telah memasukkan unsur kinerja lingkungan tetapi belum dikaitkan dengan kinerja pasar (nilai perusahaan), sehingga penelitian sekarang menjadi menarik untuk dilakukan dengan pertimbangan inkonsistensi hasil penelitian terdahulu maupun dengan tambahan variabel pemoderasi yang diambil dari konsep 3P (Profit, People, Planet). Triple Bottom Line tersebut menjadi fondasi bagi pembangunan berkelanjutan perusahaan di mana konsep tersebut mengupayakan adanya keseimbangan di antara ketiga aspek tersebut guna menghasilkan citra perusahaan yang baik (Latifah, 2020).…”

Tax Amnesty, Corporate Social Responsibility, Good Corporate Governance Terhadap Penghindaran Pajak

“…CSR hendak dihitung bersumber pada informasi yang diadakan oleh industri lewat laporan tahunan. Pengarang hendak memakai penunjuk dari GRI Standard yang terdiri dari 91 item (Limanto & Handoko, 2022). Keseluruhan angka yang kemudiannya diperoleh akan dikalkulasi seperti berikut:…”

Do Corporate Governance and Financial Characteristics May Increase CSR Disclosures?

“…Recognition (legitimacy) from the community is very important for the existence of a company, because when the company does not gain legitimacy from the community, the sustainability of the business can be threatened (Naek & Tjun, 2020). Companies with appropriate environmental performance and corporate social responsibility can support the creation of legitimacy from the community (Limanto & Handoko, 2022).…”