Abstract
This study aims to prove the influence of corporate social responsibility, investment decisions and managerial ownership on value of the company. Theories used in this research are agency theory and signal theory. This research was done on all manufacturing companies listed on the Indonesia Stock Exchange for the period of 2016-2018. The sampling method used is purposive sampling technique and the data analysis method used is multiple linear regression analysis. The results of this study show that corporate social responsibility and managerial ownership have no influence on value of the company, while investment decisions have a positive influence on value of the company. Few suggestions for the further research are adjust research periods, use other criteria of sample, use other indicators such as funding decisions, company size, other corporate governance indicators, or use other methods to measure value of the company.
Highlights
Corporate social responsibility is a form of private company contribution that is philanthropic or charitable with the aim of making social contributions ethically
The purpose of this study is to prove the influence of corporate social responsibility, investment decisions, and managerial ownership on value of the company
Heteroscedasticity test results show that the significant value of corporate social responsibility, investment decisions and managerial ownership is greater than 5%, so it can be concluded that there is no heteroscedasticity in the regression model
Summary
Corporate social responsibility is a form of private company contribution that is philanthropic or charitable with the aim of making social contributions ethically. Initially CSR was an internal company policy, various national and international laws have developed CSR activities as an obligation for businesses and industries around the world. The company's CSR activities at least have a positive social and economic impact on the people living around the company's operational areas, local communities in sub-districts, districts and provinces. Multinational companies have CSR programs that provide social impacts regionally, nationally, and even internationally. Corporate social responsibility is an effort to improve the company's positive image. In addition to providing benefits to the community, CSR is important for companies. CSR activities have many benefits for companies such as strengthening the relationship between employees and the 268 | Ilomata International Journal of Tax & Accounting https://www.ilomata.org/index.php/ijtc
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