Corporate Social Responsibility Moderates the Relationship of Good Corporate Governance to Company Value

Abstract

This study was conducted to test and analyse the effect of Corporate Social Responsibility in moderating the relationship between Good Corporate Governance and Firm Value. Good Corporate Governance in this study is proxied by Managerial Ownership, Board of Commissioners, and Audit Committee and Company Value measured by Tobin's Q. The population in this study are energy sector companies listed on the Indonesia Stock Exchange in the 2018 - 2022 period. The sampling technique used in this study was purposive sampling, obtained 10 samples of energy sector companies selected in accordance with predetermined criteria during the five-year period, thus obtaining 50 research observation data. The data analysis used uses panel data regression using the Eviews 12 testing application. The results showed that simultaneously managerial ownership, board of commissioners, and audit committee affect firm value. Based on the results of this study, it states that managerial ownership has a negative effect on firm value. The board of commissioners has no effect on firm value. The audit committee has no effect on firm value. Corporate social responsibility is unable to moderate managerial ownership, the board of commissioners and the audit committee on firm value.