Kiko Armenita Julito, lailatul Maimunah

Pengaruh corporate governance dan corporate social responsibility disclosure terhadap nilai Perusahaan dengan pergerakan laba sebagai pemoderasi

Introduction

Pengaruh corporate governance dan corporate social responsibility disclosure terhadap nilai perusahaan dengan pergerakan laba sebagai pemoderasi. Penelitian ini mengkaji pengaruh corporate governance & pengungkapan CSR terhadap nilai perusahaan, dimoderasi pergerakan laba. Penting bagi transparansi, akuntabilitas, & sustainabilitas jangka panjang perusahaan.

Abstract

This research aims to analyze the influence of corporate governance and corporate social responsibility (CSR) disclosure on company value, with profit movements as a moderating variable. Good corporate governance is expected to increase transparency and accountability, thereby influencing CSR disclosure which can increase the company's reputation and value. The research results show that CSR disclosure contributes positively to company value, while profit movements play an important role in strengthening this relationship. This research provides insight into the importance of integration between corporate governance and CSR practices in company strategies to achieve long-term sustainability, This report also uses secondary data obtained from the annual reports of companies listed on the Indonesian Stock Exchange (BEI) for the 2021-2023 period. Data analysis was carried out using Stata software, using a panel data regression approach to test the proposed hypothesis.

Review

This research undertakes an investigation into the interplay between corporate governance (CG), corporate social responsibility (CSR) disclosure, and company value, with a particular focus on the moderating role of profit movements. The study hypothesizes that robust corporate governance practices enhance transparency and accountability, which subsequently influences CSR disclosure, ultimately leading to improved company reputation and value. Employing a quantitative approach, the authors utilize secondary data from annual reports of companies listed on the Indonesian Stock Exchange (BEI) for the period 2021-2023, analyzing it through panel data regression using Stata software. This scope provides a contemporary snapshot of corporate practices within the Indonesian market. The reported findings indicate that CSR disclosure indeed contributes positively to company value, aligning with existing literature on the benefits of responsible business practices. More critically, the research identifies that profit movements play an important role in strengthening this relationship, affirming its proposed moderating effect. This suggests that the impact of CSR on company value is not static but rather influenced by a firm's profitability dynamics. The study's conclusions underscore the strategic importance of integrating corporate governance and CSR practices to achieve long-term sustainability, offering valuable insights for corporate strategists and policymakers alike. While the abstract provides a clear overview of the research's objectives and key findings, a more comprehensive review would benefit from greater detail on the operationalization of its core variables. Specifically, understanding the precise metrics used for corporate governance, CSR disclosure, company value, and "profit movements" would be crucial for evaluating the study's methodological rigor. Furthermore, given the relatively short data period (2021-2023), a discussion on potential limitations regarding generalizability or the impact of specific economic conditions during this timeframe would enhance the study's robustness. Future research could also elaborate on the theoretical underpinnings justifying the moderating effect of profit movements and explore alternative moderating or mediating variables.

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