Pengaruh Penerapan Good Corporate Governance dan Corporate Social Responsibility terhadap Kinerja Keuangan Perusahaan

Abstract

The purpose of this analysis is to investigate whether good corporate governance and corporate social responsibility have an influence on the financial performance of a Manufacturing company that are registered on the Indonesia Stock Exchange. This study provides an overview of the affect of corporate governance and corporate social responsibility on a corporation’s financial performance. And in this case, institutional assets, independent commissioners, and audit committees are used to assess corporate governance. Quantitive method with purposive sampling use in this study. A sampel of 37 manufacturing companies was obtained from the above sampling, with a total of 155 observations reported on the Indonesia Stock Exchange during 2017 until 2021. The multiple linear regression analysis system is used in this data analysis technique. The findings revealed that corporate governance as proxied through of institutional assets had no large influence on the financial performance. Futher findings revealed that corporate governance as proxied through the audit committee had no large influence on the financial performance of the company. Meanwhile, corporate governance as proxied through the independent board of commissioners has a large affect on a company’s financial performance. The fndings above also revealed that corporate social responsibility has a no discernible affect on the company’s financial performance.

The Effect of Corporate Social Responcibility, and Good Corporate Governance on The Financial Performance of The Health Sector Listed on The Indonesia Stock Exchange in 2019-2022

“…According to research, more discussions about Independent Commissioners in companies result in better financial performance. This is consistent with the research of Magdalena et al (2018), Cahyaningrum et al (2022), Umi Sholilah (2021), and Felia Permatasari et al (2020), which found that corporate social responsibility and sustainability affect the financial performance of Independent Commissioners. High-quality independent commissioners can ensure that the company complies with regulations.…”

“…The results show that constitutional ownership does not affect the financial performance of the company; research conducted by Cahyaningrum et al (2022), M. Titan Terzaghi et al (2022), Umi Sholilah (2021), and Felia et al (2020 support this idea, stating that constitutional ownership does not significantly affect a company's financial results because of sustainability factors and corporate social responsibility. There is no way for constitutional ownership to ensure that businesses consider sustainability when making decisions; as a result, there will be no long-term benefits for businesses and their stakeholders.…”

Good Corporate Governance dan Corporate Social Responsibility terhadap Kinerja Perusahaan dengan Gender Diversity sebagai Variabel Moderasi

“…Artinya proporsi jumlah dewan komisaris independen dalam perusahaan mampu menjalankan fungsinya dengan efektif dan maksimal dalam mengawasi kinerja direksi agar kinerja yang dihasilkan sesuai dengan kepentingan pemegang saham. Penelitian ini didukung oleh penelitian Cahyaningrum et al (2022) menyatakan bahwa proporsi komisaris independen dapat meningkatkan kinerja keuangan suatu perusahaan. Dewan komisaris independen akan melakukan pengawasan dan memberikan saran kepada dewan direksi terkait pengelolaan perusahaan dalam penerapan good corporate governance.…”