Effects of Corporate Social Responsibility and Managerial Ownership on CorporateValue(Evidence from Consumer Goods Companies Listed on Indonesian Stock Exchange during 2015-2019)

Abstract

This research aimed to determine the effect of Corporate Social Responsibility and Managerial Ownership on Corporate Values simultaneously or partially. Data were collected using a purposive sampling method on manufacturing companies in the consumer goods industry sector listed on the IDX during 2015-2019. The population covered 34 companies, 24 of which were chosen as the samples due to meeting the specified criteria. Corporate Social Responsibility in this research was calculated by Corporate Social Disclosure Index while management ownership was obtained by knowing the percentage of share ownership by boards of managers. Corporate values in this research were calculated by the value of Tobin's Q. The results of this research indicate that Corporate Social Responsibility and Management Ownership simultaneously did not affect corporate values. However, partially, Corporate Social Responsibility had a positive effect on corporate values while managerial ownership did not affect corporate values.