The Effect of Good Corporate Governance Implementation on Corporate Social Responsibility and Company Values
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The purpose of this study was to analyze the effect of good corporate governance (GCG) to the value of the company with corporate social responsibility (CSR) as an intervening variable. In this study used a sample of 79 manufacturing companies listed on the Stock Exchange with methods of sampling purposive. This study uses a quantitative approach to data analysis method regression and sobel test. The results of this study indicate that independent commissioners has positive effect on firm value, while the other factors do not affect the value of the company such as Institutional ownership, Managerial ownership, Audit committee, and CSR has no effect on firm value. GCG mechanisms are proxied by independent commissioners, Institutional ownership, Managerial ownership, Audit committees cannot be mediated by CSR, so CSR is not an intervening variable in the effect of GCG on firm value.
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