ANALISA GOOD CORPORATE GOVERNANCE (GCG) DAN CORPORATE SOCIAL RESPONSIBILITY (CSR) TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN PERTAMBANGAN: DATA PANEL

Abstract

Objective: This study aims to analyze the effect of Good
Corporate Governance (GCG) and Corporate Social
Responsibility (CSR) on the value of the company (Study of mining
sector companies listed on the Indonesia Stock Exchange (IDX) in
2013-2017). The sample selection in this study uses the Purposive
Sampling method. Based on the results of the sample selection in
accordance with the criteria that have been made, it can be
selected as many as 15 company samples or as many as 75 units
of observation in a period of 5 years.
Methodology: The analytical method used in this study is the
Panel Data regression method with the Common Effect method.
Finding: H1 are accepted, while H2 no accepted at the 5%
confidence level.
Conclusion: The results of this study indicate that Good Corporate
Governance (GCG) which proceeds with institutional ownership
negatively affects company value. This can be seen from the
probability value of 0.009 which is smaller than the value of α
(0.05), and the coefficient value of -0.57 indicates that there is a
negative relationship between Good Corporate Governance (GCG)
and the value of the company. while Corporate Social
Responsibility (CSR) does not affect the value of the company.
This can be seen from the probability value of 0.529 which is
greater than the value of α (0.05), and the coefficient value of 0.081.