Effect of Corporate Social Responsibility and Good Corporate Governance on Firm Value

The purpose of this study is to examine the impact of corporate social responsibility and good corporategovernance on firm value. This study focuses on banking companies that are publicly traded on theIndonesia Stock Exchange between 2019 and 2021. The dataset consists of financial statement data froma total of 72 organizations. The sample was selected using a purposive sampling technique based onpredetermined criteria and then analyzed using multiple linear regression method. The findings of thisstudy indicate that corporate social responsibility has a significant impact on firm value, but goodcorporate governance does not have a significant effect on firm value. The implication of this research isthat banking companies are expected to increase their commitment to corporate social responsibilityprograms as a way to increase the trust and perception of investors, the government and the surroundingcommunity who are stakeholders. Companies also need to evaluate the strategy of using good corporategovernance, because although good corporate governance remains important for managing risk andcorporate sustainability, companies need to consider how corporate social responsibility elements can beintegrated into their good corporate governance framework in order to achieve better results