Tata Kelola Perusahaan Memoderasi Hubungan Corporate Social Responsibility dan Kinerja Keuangan

Abstract

Corporate social responsibility (CSR) is closely related to company performance. The study aims to investigate whether corporate governance moderates the relationship between corporate social responsibility (CSR) and corporate financial performance. The research population is manufacturing companies listed on the Indonesia Stock Exchange for the 2017-2021 period. The sampling method used was purposive sampling. The data analysis tool used is Moderate Regression Analysis (MRA). The results of the analysis show that corporate social responsibility (CSR) has a positive effect on financial performance. The independent board of commissioners and commissioners strengthen the relationship of corporate social responsibility (CSR) and corporate performance. Meanwhile, foreign ownership weakens the relationship between corporate social responsibility (CSR) and company performance. Government ownership does not act as a moderating variable on the relationship between corporate social responsibility (CSR) and company performance.
 Keywords: Financial Performance; Corporate Social Responsibility; Board of Commissioners; Foreign Ownership; Government Ownership.

Analysis of Sound Corporate Governance Effect on Company's Financial Fundamentals toward Stock Returns

“…(Oroh et al, 2019) Loss in investing can occur if investors do not have adequate skills and knowledge in investing in stocks. Often investors in the capital market are only stuck with technical data of a stock without studying it further which then makes them just buying and selling investors (Kanti, 2021). Whereas investment decisions must be made with sufficient knowledge, for example, basic knowledge of the stock market, knowledge of company profiles and performance, introduction to the prospects of the industrial ecosystem, and other information.…”