Pengaruh Corporate Social Responsibility (CSR), Good Corporate Governance (GCG), dan Ukuran Perusahaan Terhadap Kinerja Keuangan Pada Perusahaan Manufaktur yang Terdaftar Di BEI

Abstract

This study aims to examine the disclosure of corporate social responsibility, the effect of good corporate governance mechanisms and company size on the company's financial performance which is reflected in the return on assets (ROA). This study used a sample selection method which was carried out using a purposive sampling method, namely by selecting a sample based on certain criteria as desired by the researcher. Based on the sample selection method, 124 samples were obtained consisting of 34 manufacturing companies listed on the Indonesia Stock Exchange (IDX) for 4 periods, namely 2016 to 2019. The analytical method used in this study was a quantitative method, with classical assumption tests and analysis. multiple linear regression. The results of this study indicate that Corporate Social Responsibility has a positive effect on financial performance. This shows that the higher the level of Corporate Social Responsibility, the higher the financial performance. Good Corporate Governance has a positive effect on financial performance. This shows that the higher the Good Corporate Governance, the better the performance. Firm size has a positive effect on financial performance. This shows that the higher the size of the company owned, the better the financial performance.

The Effect Of Company Financial Performance On Bond Ratings With GCG As Moderating Variable

“…Research by Handayani (2018), Widyati (2013), Yulianawati (2014), and Candradewi and Sedana (2016) states that poor GCG implementation is indicated by low managerial ownership and the absence of an audit committee causing shareholders to find it more difficult to control the actions of managers so that decisions taken by management tend to be for personal interest and less contribute to company profits. On the other hand, high managerial ownership and the presence of an audit committee tend to increase supervision and reduce opportunism so that the influence of company profits in a positive effect on bond ratings becomes even greater.…”