ASEAN CORPORATE GOVERNANCE SCORECARD, FINANCIAL PERFORMANCE, AND DISCLOSURE OF CORPORATE SOCIAL RESPONSIBILITY ON FIRM VALUE

Abstract

The objectives of this study are as follows: 1) To examine the ASEAN Corporate Governance Scorecard on firm Value; 2) To review the Financial Performance on firm Value; and 3) To examine the effect of Corporate Social Responsibility Disclosure on firm Value. This type of research used in this study is a casual associative research (causal associative research). The population in this study are companies included in the TOP 50 ASEAN Corporate Governance Scorecards listed on the Indonesia Stock Exchange in the period 2015-2017. Sample selection with purposive sampling method. The analytical method used to test hypotheses is the multiple regression test. The results showed that: 1) The ASEAN Corporate Governance Scorecard variable did not affect the firm value in a positive direction; 2) Profitability variable has a positive effect on firm value; 3) Variable disclosure of Corporate Social Responsibility does not affect the firm value with a negative direction. KEYWORDS: ASEAN Corporate Governance Scorecard, Financial Performance, Corporate Social Responsibility, Firm Value