Good Corporate Governance Dan Pengaruhnya Terhadap Nilai Perusahaan Melalui Corporate Social Responsibility Disclosure

This research explained the relationship between Good Corporate Governance mechanism tocompany's value, and the extent disclosure of Corporate Social Responsibility as moderationvariable. Hierarchical regression analysis was used to examine modernization impact in the relationshipbetween dependent and independent variable. Sample gathering was undertaken from2012 to 2014. Tobin's Q was used to assess the company's value. Whereas Good CorporateGovernance mechanism that was proxy by the number of managerial ownership and institutionalownership quantity was taken from ownership scale existed in company financial report. Extentmeasurement of Corporate Social Responsibility expressing was carried out by calculating eachcompany's CSR Index. This research used 44 samples of manufacturing companies meeting thecriteria of purposive sampling. The testing of moderation effect and the main effect in the researchwas done using hierarchical regression analysis. The result showed that there were positive andsignificant relationship between GCG mechanism and company value, whereas between CSRextent disclosure and company value there was insignificant result. For examining the moderationimpacts, CSR extent disclosure succeeded to moderate the relationship between managerial ownershipand company value, but the extent of CSR expression did not succeed in moderating therelationship between institutional ownership and company value