Main Article Content
Abstract
The aim of this research is to analyze the influence of CSR which will be viewed from CSR disclosures carried out by the company and GCG PROXIED by institutional ownership, managerial ownership and an independent board of commissioners on the company's financial performance. The population in this research is manufacturing companies listed on the BEI in 2019 - 2021. Sampling used the purposive sampling method that collected 37 companies. The analysis was multiple linear regression analysis. The results of this research indicate that corporate social responsibility, institutional ownership and managerial ownership do not affect on financial performance. Independent board of commissioners has a positive effect on financial performance. The results of this research are expected to provide the government an evaluation material regarding corporate social responsibility regulations.
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References
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- Sari, P. Y., Riasning, N. P., & Rini, G. I. (2019). Pengaruh good corporate governance terhadap kinerja keuangan perusahaan pada perusahaan manufaktur yang terdaftar di BEI tahun 2015-2017. Jurnal Riset Akuntansi (JUARA), 9(2), 48-55. https://doi.org/10.36733/juara.v9i2.603
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- Subagyo., Masruroh, N. A., & Bastian, I. (2018). Akuntansi Manajemen Berbasis Desain. Yogyakarta: Gadjah Mada University Press.
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- Wati, L. N., Syahdam, G. R., & Prambudi, B. (2019). Peran Pengungkapan csr dan mekanisme gcg pada kinerja keuangan terhadap nilai perusahaan. Jurnal Ecodemica, 3(2), 98-110. Retrieved from https://ejournal.bsi.ac.id/ejurnal/index.php/ecodemica/article/view/5635
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References
Agustina, H., & Soelistya, D. (2018). Analisis struktur kepemilikan perusahaan terhadap profitabilitas perusahaan makanan dan minuman yang terdaftar di BEI. Business and Finance Journal, 3(2), 85-94. Retrieved from https://journal2.unusa.ac.id/index.php/BFJ/article/view/634
Alfawaz, R., & Fathah, R. N. (2022). Pengaruh pengungkapan corporate social responsibility terhadap kinerja keuangan perusahaan sektor industri kesehatan. Proceeding of National Conference on Accounting & Finance, 513-521. Retrieved from https://journal.uii.ac.id/NCAF/article/view/22328
Aprila, N. W., Suryandari, N. A., & Susandya, A. B. (2022). Pengaruh good corporate governance terhadap kinerja keuangan perusahaan. Jurnal Kharisma, 4(1), 186-193. Retrieved from https://e-journal.unmas.ac.id/index.php/kharisma/article/view/4873
Barney, J. B., & Harrison, J. S. (2020). Stakeholder theory at the crossroads. Business and Society, 59(2), 203–212. https://doi.org/10.1177/0007650318796792
Coleman, M., & Wu, M. (2021). Corporate governance mechanisms and corporate performance of firms in Nigeria and Ghana. international Journal of Productivity and Performance Management, 70(8), 2319–2351. https://Doi.Org/10.1108/IJPPM-01- 2020-0020
Deswara, N. P., Krisnawati, A., & Saraswati, R. S. (2021). Pengaruh good corporate governance terhadap kinerja keuangan. Jurnal Ilmiah MEA (Manajemen, Ekonomi, dan Akuntansi, 5(1), 1569-1578. https://doi.org/10.31955/mea.v5i1.1019
Dianawati, C. P., & Fuadati, S. R. (2016). Pengaruh csr dan gcg terhadap nilai perusahaan: profitabilitas sebagai variabel intervening. Jurnal Ilmu dan Riset Manajemen, 5(1), 1-20. Retrieved from http://jurnalmahasiswa.stiesia.ac.id/index.php/jirm/article/view/424
Franco, S., Caroli, M. G., Cappa, F., & Del Chiappa, G. (2020). Are you good enough? csr, quality management and corporate financial performance in the hospitality industry. International Journal of Hospitality Management, 88, 1–12. https://doi.org/10. 1016/j.ijhm.2019.102395
Freeman, R. E. (1984). Strategic management: A stakeholder approach. Pitman Publishing.
Garriga, E., & Melé, D. (2004). Corporate social responsi- bility theories: Mapping the territory. Journal of Business Ethics, 53(1–2), 51–71. https://doi.org/10. 1023/B:BUSI.0000039399.90587.34
GRI (2016). GRI 201: Economic performance 2016. global reporting initiatives.
Han, J., Kim, H. J., & Yu, J. (2016). Empirical study on relationship between corporate social responsibility and financial performance in Korea. Asian Journal of Sustainability and Social Responsibility, 1(1), 61–76. https://doi.org/10.1186/s41180-016-0002-3
Hossain, M., Islam, K., & Andrew, J. (2006). Corporate social and environmental disclosure in developing countries: evidence from Bangladesh. The Asian Pacific Conference on International Accounting Issues, Hawaii, October 2006. University of Wollongong Australia, 1–22. https:// ro.uow.edu.au/commpapers/179/
Kao, E. H., Yeh, C. C., Wang, L. H., & Fung, H. G. (2018). The relationship between csr and performance: evidence in China. Pac.-Basin Financ. J, 51, 155–170. https:// doi.org/10.1016/j.pacfin.2018.04.006
Hindasah, L., Supriyono, E., & Ningri, L. J. (2021). The effect of good corporate governance and firm size on financial performance. Proceedings of The 4th international Conference on Sustainable innovation 2020-Accounting and Management (Icosiams 2020), 176(2), 165–183. Https://Doi.Org/10.2991/Aer.K.210121.042
Htay, S.N.N., Salman, S.A., Said, R.M. (2013), Impact of corporate governance on disclosure quality: empirical evidence from listed banks in Malaysia. International Journal of Economics and Management, 7(2), 242-279.
Ikatan Akuntansi Indonesia. (2023, Februari 15). Retrieved from Tentang SAK Umum: Retrieved from https://web.iaiglobal.or.id/SAK-IAI/Tentang%20SAK%20Umum
Indonesia. (2007). Undang-Undang Republik Indonesia nomor 40 tahun 2007 tentang Perseroan Terbatas. Jakarta.
Jensen, M. C., & Meckling, H. W. (1976). Theory of the firm: managerial behavior, agency cost. Journal of Financial Economics, 3(4), 305-360. https://doi.org/10.1016/0304-405X(76)90026-X
Krisdamayanti, D. C., & Retnani, E. D. (2020). Pengaruh csr, ukuran perusahaan dan leverage terhadap kinerja keuangan perusahaan. Jurnal Ilmu dan Riset Akuntansi, 9(4), 1-17. Retrieved from http://jurnalmahasiswa.stiesia.ac.id/index.php/jira/article/view/2869
Pratiwi, A. (2016). Pengaruh Kualitas Penerapan Good Corporate Governance (GCG) terhadap Kinerja Keuangan pada Bank Umum Syariah di Indonesia (Periode 2010-2015). Al-Tijary, 55–76. https://doi.org/10.21093/at.v2i1.610
Puni, A., & Anlesinya, A. (2020). Corporate governance mechanisms and firm performance in a developing country. international Journal of Law and Management, 62(2), 147– 169. Https://Doi.Org/10.1108/IJLMA-03-2019-0076
Putri, K. A., & Mardenia, L. (2019). Pengaruh GCG, CSR, profitabilitas dan ukuran perusahaan terhadap nilai perusahaan. Jurnal Ilmiah Wahana Akuntansi, 14(2), 156-169. https://doi.org/10.21009/wahana.14.024
Republik Indonesia, O. J. (2014). Peraturan Otoritas Jasa Keuangan Nomor 33/POJK.04/2014 Tentang Direksi dan Dewan Komisaris Emiten Atau Perusahaan Publik. Jakarta.
Qamar, M. A. J., Shahzad, A., Nazir, M. S., & Abid, A. (2020). Impact of corporate governance on firm value in the presence of earning quality and real earnings management. international Journal of Business Excellence, 1(1), 1. https://Doi.Org/10.1504/Ijbex.2020.10031827
Qiu, S., Jiang, J., Liu, X., Chen, M., & Yuan, X. (2020). Can corporate social responsibility protect firm value during the covid-19 pandemic? International Journal of Hospital Management, 93, 1–12 https://doi. org/10.1016/j.ijhm.2020.102759.
Sanjaya, S., & Rizky, M. F. (2018). Analisis Profitabilitas Dalam Menilai Kinerja Keuangan Pada PT. Taspen (Persero) Medan. KITABAH: Jurnal Akuntansi Dan Keuangan Syariah, 2(2).
Sari, P. Y., Riasning, N. P., & Rini, G. I. (2019). Pengaruh good corporate governance terhadap kinerja keuangan perusahaan pada perusahaan manufaktur yang terdaftar di BEI tahun 2015-2017. Jurnal Riset Akuntansi (JUARA), 9(2), 48-55. https://doi.org/10.36733/juara.v9i2.603
Sasanti, E. E., Animah, & Nabila, D. D. (2022). Pengaruh csr dan gcg terhadap profitabilitas. Jurnal Tata Sejuta STIA MATARAM, 8(1), 16-26. https://doi.org/10.32666/tatasejuta.v8i1.297
Subagyo., Masruroh, N. A., & Bastian, I. (2018). Akuntansi Manajemen Berbasis Desain. Yogyakarta: Gadjah Mada University Press.
Tjondro, D., & Wilopo, R. (2011). Pengaruh good corporate governance (gcg) terhadap profitabilitas dan kinerja saham perusahaan perbankan yang tercatat di bursa efek Indonesia. Journal of Business and Banking, 1(1), 1-14. https://doi.org/10.14414/jbb.v1i1.148
Utami, D. H., & Muslih, M. (2018). Pengaruh Good corporate governance terhadap nilai perusahaan dengan kinerja keuangan sebagai variabel moderasi (studi kasus pada perusahaan sub sektor asuransi yang terdaftar di bursa efek Indonesia periode 2013-2016). Jurnal AKRAB JUARA, 3(3), 111-125. Retrieved from https://akrabjuara.com/index.php/akrabjuara/article/view/251
Wati, L. N., Syahdam, G. R., & Prambudi, B. (2019). Peran Pengungkapan csr dan mekanisme gcg pada kinerja keuangan terhadap nilai perusahaan. Jurnal Ecodemica, 3(2), 98-110. Retrieved from https://ejournal.bsi.ac.id/ejurnal/index.php/ecodemica/article/view/5635
Yudha, A. M. (2021). Pengaruh Intellectual capital, ukuran perusahaan, csr dan struktur kepemilikan terhadap kinerja keuangan pada perusahaan manufaktur yang terdaftar di BEI. Journal of Information System, Applied, Management, Accounting and Research, 5(2), 505-522. doi: 10.52362/jisamar.v5i2.433