Abstract
This research aims to prove and analyze the impact of green corporate social responsibility (CSR) on company value and the role of the audit committee as a moderating variable. The population is all corporates exist on the Indonesian Stock Exchange (IDX) during 2015-2019. The study used purposeful sampling and obtained as many as 125 companies. The analysis methods used are simple linear analysis and moderate regression analysis. Finding research show that green CSR affects corporate value, and the audit committee can ease correlate between green corporate social responsibility and corporate value.
Highlights
The criteria used include corporates are on the Indonesian Stock Exchange (IDX) for 5 years, companies that continue to present annual financial reports for 5 years, companies that continue to display Green corporate social responsibility (CSR) activities in their annual reports or in a Sustainability Report. (SR). ), and companies listed in the SRI-KEHATI Index that present annual reports and Green CSR activities for 5 years
Simple linear regression analysis is used to predict the relationship between Green CSR and Firm Value, and multiple linear regression to predict the relationship between Green CSR and the moderating variable of the Audit Committee and Firm Value
These results prove that the interaction of green corporate social responsibility and audit committee can increase company value
Summary
The communities and environment around the company are affected by the company’s business activities This is due to weak enforcement of regulations on corporate social responsibility (CSR). The Indonesian Accountants Association (2013) reveals that corporate responsibility reporting in Indonesia is guided by the Statement of Financial Accounting Standards (PSAK) Number 1 of 2013. In this statement, companies are not required to submit CSR disclosures so that in current practice, CSR disclosures are still voluntary.According to the Business Book Magazine and CSR (2007) three independent international organizations, Eviroics International (Canada), Conference (USA) and Prince of Wales Business Leader Forum (UK) conducted a survey on corporate image relationships. A survey conducted on 25 thousand consumers in 23 countries as outlined in The Millennium Pollon CSR in 1999 resulted in 40% of respondents threatening to punish companies that do not carry out CSR and half of the respondents promised not to buy company products that ignore CSR and recommend this to other consumers
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