Pengaruh Corporate Social Responisbility, Enterprise Risk Management Dan Karakteristik Dewan Direksi Terhadap Relevansi Nilai

Abstract

<p><em>This study aims to determine the effect of corporate social responsibility, enterprise risk management, and the characteristics of the board of directors on value relevance. The characteristics of the board of directors are broken down into two more variables, namely the proportion of female directors and the education level of the CEO. The value relevance proxy are measured by combining the ratio of price book value and earnings per share. The sample was selected using a purposive sampling method, which resulted in 40 companies in the consumer goods industry included in the Indonesia Stock Exchange for the period 2017-2020. This study uses multiple linear regression analysis which is processed using SPSS 23. The results of the analysis show that the corporate social responsibility variable, the proportion of female director and the CEO's education level have a positive influence on value relevance while the enterprise risk management variable has no effect on value relevance.</em></p>

The Effect of CEO Education, CEO Tenure, Company Risk, and Environmental Performance on Company Value

“…It is intended that the level of education held by the CEO reflects better knowledge and insight, leading to more suitable solutions aligned with the organization's needs. The positive effect of the CEO's educational background on company value is supported by studies conducted by (Setiawan & Gestanti, 2018), (Agustin & Bhilawa, 2020) and (Josephine & Zainal, 2022). Linking CEO education with signaling theory, a high level of education can serve as a positive signal to investors, indicating knowledgeable and competent leadership, thereby increasing investor interest and subsequently enhancing company value.…”

“…CEO Education A CEO's educational background can reveal their business management skills because education helps develop beliefs, knowledge, abilities, and cognitive preferences, all of which influence the managerial choices executives make (Agustin & Bhilawa, 2020). The measurement of this variable in this research follows a similar method conducted by (Josephine & Zainal, 2022) with a slight modification. The calculation was carried out by combining two indicators (level of education and certification) as follows: CEO Tenure CEO tenure refers to the years a CEO has been in office.…”

Pengaruh Environmental Performance, Corporate Governance, Dan Corporate Social Responsibility Terhadap Kinerja Keuangan

“…Bukan sebatas guna mendapatkan keuntungan, CSR juga berfungsi untuk fokus terhadap kesejahteraan masyarakat dan karyawan serta mempertahankan kelestarian planet (lingkungan), dengan demikian kewajiban bagi kepentingan sosial akan tercapai. Meningkatnya pengungkapan corporate social responsibilityperusahaan maka dapat dikatakan bahwa informasi akuntansi diperoleh dari proses dan manajemen bisnis yang sehat dalam pencapaiannya serta informasi yang disampaikan dapat membantu penggunanya dalam mengambilan keputusan ekonomik yang lebih realistis dan logis (Josephine & Hasnawati, 2022). Pengelolaan kinerja keuangan bisa dilakukan serta dilihat berdasarkan laporan keuangan perusahaan.…”