PENGARUH RETURN ON ASSETS (ROA) TERHADAP NILAI PERUSAHAAN DENGAN PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY (CSR) DAN GOOD CORPORATE GOVERNANCE (GCG) SEBAGAI VARIABEL MODERASI (STUDI PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) PADA TAHUN 2014-2018)

Abstract

Objective: This research aims to know and analyze the influence
of Return On Asset(ROA) to the company’s value with the
disclosure of Corporate Social Responsibility (CSR) and Good
Corporate Governance (GCG) as moderation variables (case
studies on Manufakturing Companies listed on the indonesia Stock
Exchange (IDX) Period (2014-2018). Samples in this study used
the purposive sampling method. Based on the selection of
samples according to the criteria specified, the number of samples
in this study was as much as 20 companies or as many as 100
observation units in a 5 year period.
Methodology: The analytical methods used in this study were two
namely multiple regression analyses and moderated regression
analysis.
Finding: H1 and H2, are accepted, but H3 no accepted at the 5%
confidence level.
Conclusion: The results showed that Return On Asset (ROA)
positively impacted the value of the company. The greater the
value of ROA, showing the better performance of the company,
because the rate of return on investment is greater. However, CSR
as a moderation variable is not able to moderate the influence of
Return On Asset (ROA), The value of the company. The low of the
pilot is because the shareholders or stakeholders focus more on
the company's performance or focus solely on the amount of profit
generated. GCG as a moderation variable is unable to moderate
the influence of Return On Asset (ROA) on the company's value
Due to the percentage of shares ownership by managers are still
very small constraints in optimizing the GCG mechanism within the
company.