Pengaruh Penerapan Corporate Governance dan Pengungkapan Corporate Social Responsibility Terhadap Harga Saham Dengan Kinerja Keuangan Sebagai Variabel Moderating (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar di BEI Tahun 2013-2015)

Abstract

This study aims to Determine: (1) Effect of Corporate Governance Share Price (2) Influence of Corporate Social Responsibility on share price (3) Effect of Corporate Governance and Corporate Social Responsibility share price with Financial Performance As a Moderating Variable. The population in this study using manufacturing companies listed in Indonesia Stock Exchange 2013-2015 period. Samples are 41 manufacturing companies, where the method used is purposive sampling is a sampling method that takes an object with certain criteria. The independent variables in this study is the board of Commissioners (X1), the audit committee (X2), the board of directors (X3), managerial ownership (X4), corporate social responsibility (X5). While the dependent variable is the share price (Y). Analysis of the data is used to analyze the factors that Affect the stock price is multiple regression analysis and hypothesis testing using determinant coefficient and t-statistics. The results of this study Showed variables that influence the Commissioners and the audit committee does not have a significant effect on stock prices. While the influence of variables the board of directors, managerial ownership, and disclosure of CSR significant positive effect on share prices. However, the financial performance as a moderating variable does not Affect the relationship Corporate Governance and Corporate Social Responsibility to the stock price.