Analisis Unsur Good Corporate Governance dalam Mempengaruhi Kinerja Keuangan yang Dimoderasi Corporate Social Responsibility
Authors: Darmawangsa Dimas , Sutan Kayo Amrizal , Pratiwi Wiwik 
Published: October 2023

ABSTRAKPenelitian ini menguji dan menganalisis kinerja keuangan yang diproksikan nilai perusahaan yangdipengaruhi oleh unsur Good Corporate Governance dengan dimoderasi oleh Corporate Social Responsibility.Teknik pengambilan sampel yaitu purposive sampling pada perusahaan pertambangan terdaftar di Bursa EfekIndonesia (BEI) periode 2017-2022 berjumlah 32 sampel perusahaan dengan jumlah 192 pengamatan, dengananalisis regresi data panel menggunakan tols Eviews12. Hasil penelitian menunjukkan bahwa unsur GoodCorporate Governance yang meliputi kepemilikan manajerial dan kepemilikan institusional berpengaruh negatif,komisaris independen, komite audit berpengaruh positif terhadap nilai perusahaan dan corporate socialresponsibility tidak memoderasi pengaruh unsur good corporate governance terhadap nilai perusahaan.Keterbaruan penelitian ini yaitu dengan menambahkan sebelas suplemen indikator khusus sektorpertambangan kedalam indikator pengungkapan CSR sehingga indikator keseluruhan berjumlah 102 indikatoryang terdiri 91 indikator CSR GRI4 ditambah 11 indikator G4 Mining & Metal Sector Supplement 2013. Implikasipenelitian sesuai teori agency, bahwa aspek pengawasan begitu penting kontrol oleh Komisaris Independendibantu Komite Audit mampu meminimalkan konflik keagenan sehingga akuntabilitas dan kredibilitas perusahaandi respon pasar sebagai sinyal positif yang mampu menaikan volume perdagangan saham, menaikan market valuedan berdampak pada pertumbuhan investasi yang akhirnya menaikan nilai perusahaan. Corporate SocialResponsibility tidak memberikan efek terhadap perubahan nilai perusahaan, mengindikasikan bahwa awarenesstanggung jawab sosial yang terbangun diperusahaan masih rendah dimana Corporate Social Responsibilitydijalankan hanya untuk mematuhi regulasi semata, dengan konsekwensi biaya CSR yang minimal.Kata Kunci : Corporate Social Responsibility, Good Corporate Governance, Kepemilikan Manajerial,Kepemilikan Institusional, Komisaris Independen, Komite Audit dan Nilai Perusahaan.ABSTRACTThis study examines and analyzes financial performance as a proxy for corporate value which isinfluenced by elements of Good Corporate Governance moderated by Corporate Social Responsibility. Thesampling technique was purposive sampling of mining companies listed on the Indonesia Stock Exchange (IDX)for the 2017-2022 period totaling 32 sample companies with a total of 192 observations, with panel dataregression analysis using the Eviews12 tool. The results showed that the elements of Good Corporate Governancewhich include managerial ownership and institutional ownership have a negative effect, independentcommissioners, audit committees have a positive effect on firm value and corporate social responsibility do notmoderate the effect of good corporate governance elements on companies. mark.The novelty of this research is to add eleven mining sector specific indicators that complement CSRdisclosure indicators so that the total number of indicators is 102 indicators consisting of 91 GRI4 CSR indicatorsplus 11 G4 Mining & Metal Sector Supplement 2013 indicators. The research implication is according to agencytheory, that the aspect of supervision is very important so that the control carried out by the IndependentCommissioner assisted by the Audit Committee is able to minimize agency conflicts so that the accountability andcredibility of the company responds to the market. as a positive signal that can increase the volume of stocktrading, increase market value and have an impact on investment growth which in turn increases the value of thecompany. Corporate Social Responsibility does not have an effect on changes in company value, this shows thatawareness of social responsibility that is built within the company is still low where Corporate SocialResponsibility is carried out only to comply with regulations, with minimal CSR consequences. cost..Keywords : Corporate Social Responsibility, Good Corporate Governance, Independent Commissioner,Institutional Ownership, Managerial Ownership, Audit Committee and Corporate Values.