Corporate Governance and Corporate Social Responsibility on Financial Performance in Manufacturing Companies at The Indonesian Stock Exchange
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Abstract
This research aims to determine the influence of corporate governance and social responsibility on financial performance in manufacturing companies listed on the Indonesia Stock Exchange (BEI). The population in this study was 18 companies obtained using a purposive sampling method in automotive sub-sector manufacturing companies during the 2020-2022 period and based on predetermined criteria, a sample of 14 manufacturing companies listed on the Indonesia Stock Exchange was obtained. The total sample data for the 2020-2022 period is 42 samples. The analysis method used is multiple linear analysis with the help of SPSS software. The research results show that governance and corporate social responsibility have a positive and significant influence on the financial performance of manufacturing companies listed on the Indonesian Stock Exchange in 2020
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How to Cite
Idrus, A. (2024). Corporate Governance and Corporate Social Responsibility on Financial Performance in Manufacturing Companies at The Indonesian Stock Exchange. Enrichment : Journal of Management, 13(6), 3763-3772. https://doi.org/10.35335/enrichment.v13i6.1842
References
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Ghozali, I. (2018). Aplikasi Analisis Multivariat Dengan Program IBM SPSS Edisi 7. Penerbit Universitas Diponegoro.
Hamdani, M. (2016). Good corporate governance (GCG) dalam perspektif agency theory. Semnas Fekon, 279–283.
Handayani, S. R., & Rahayu, S. M. (2019). Stock return and financial performance as moderation variable in influence of good corporate governance towards corporate value. Asian Journal of Accounting Research, 4(1), 18–34. https://doi.org/10.1108/AJAR-07-2018-0021
Jumady, E., Abu, M., Irwan, M., & Hamiddin, N. (2022). The Impact of Liquidity and Credit Risk on Banking Profitability in Indonesia. Point of View Research Management, 3(3), 317–329.
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Lestari, I. P., Andini, R., & Oemar, A. (2018). Pengaruh CR, DER, ROA dan Ukuran Perusahaan terhadap harga saham dengan kebijakan dividen sebagai variabel intervening. Journaal Of Accounting, 5(5), 53–64.
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Tangngisalu, J., Halik, A., Marwan, & Jumady, E. (2023). Leverage Analysis, Investment Opportunity Set, and Ownership of Company Value. Journal of Law and Sustainable Development, 11(5), 1–21. https://doi.org/10.55908/sdgs.v11i5.992
Ullah, M. S., Muttakin, M. B., & Khan, A. (2019). Corporate governance and corporate social responsibility disclosures in insurance companies. International Journal of Accounting & Information Management, 27(2), 284–300. https://doi.org/10.1108/IJAIM-10-2017-0120
Yana Fajriah, & Edy Jumady. (2022). Good Corporate Governance And Corporate Social Responsibility On Company Value With Financial Performance. Jurnal Akuntansi, 26(2), 324–341. https://doi.org/10.24912/ja.v26i2.944
Yesica, Y., Sitorus, T., & Purwanto, E. (2020). Pengaruh Tata Kelola Perusahaan yang Baik dan Tanggung Jawab Sosial Perusahaan terhadap Kinerja Keuangan. Journal of Business & Applied Management, 13(2), 191. https://doi.org/10.30813/jbam.v13i2.2356
Yuan, L., Zheng, L., & Xu, Y. (2023). Corporate social responsibility and corporate innovation efficiency : evidence from China. International Journal of Emerging Markets, 18(12), 6125–6142. https://doi.org/10.1108/IJOEM-09-2021-1364
Adel, C., John, N. B., & John, S. (2018). Is corporate governance relevant to the quality of corporate social responsibility disclosure in large European companies ? International Journal of Accounting & Information Management, 27(2), 301–332. https://doi.org/10.1108/IJAIM-10-2017-0118
Cao, R. Q., Schniederjans, D. G., Gu, V. C., & Schniederjans, M. J. (2019). Exploring the relationship between corporate responsibility and firm performance from a social media perspective. SOCIAL RESPONSIBILITY JOURNAL, 15(3), 296–317. https://doi.org/10.1108/SRJ-09-2017-0176
Chakroun, S., & Salhi, B. (2020). The impact of ISO 26000 social responsibility standard adoption on fi rm fi nancial performance Evidence from France. Management Research Review, 43(5), 545–571. https://doi.org/10.1108/MRR-02-2019-0054
De Lavanda, S. A., & Meiden, C. (2022). Pengaruh Pengungkapan Tanggung Jawab Sosial dan Tata Kelola Perusahaan Terhadap Kinerja Keuangan. Jurnal Akuntansi Dan Governance, 2(2), 94. https://doi.org/10.24853/jago.2.2.94-109
Diantari, P. R., & Ulupui, I. A. (2016). Pengaruh Komite Audit, Proporsi Komisaris Independen, Dan Proporsi Kepemilikan Institusional Terhadap Tax Avoidance. E-Jurnal Akuntansi, 16(1), 702–732.
Fahmi, I. (2015). Manajemen kinerja Teori dan aplikasi (Cetakan ke). Alfabeta Bandung.
Fathony, M., Khaq, A., & Endri, E. (2020). The effect of corporate social responsibility and financial performance on stock returns. International Journal of Innovation, Creativity and Change, 13(1), 240–252.
Ghozali, I. (2018). Aplikasi Analisis Multivariat Dengan Program IBM SPSS Edisi 7. Penerbit Universitas Diponegoro.
Hamdani, M. (2016). Good corporate governance (GCG) dalam perspektif agency theory. Semnas Fekon, 279–283.
Handayani, S. R., & Rahayu, S. M. (2019). Stock return and financial performance as moderation variable in influence of good corporate governance towards corporate value. Asian Journal of Accounting Research, 4(1), 18–34. https://doi.org/10.1108/AJAR-07-2018-0021
Jumady, E., Abu, M., Irwan, M., & Hamiddin, N. (2022). The Impact of Liquidity and Credit Risk on Banking Profitability in Indonesia. Point of View Research Management, 3(3), 317–329.
Kamatra, N., & Kartikaningdyah, E. (2019). Effect corporate social responsibility on financial performance. International Journal of Economics and Financial Issues, 5(2013), 157–164.
Kasmir. (2014). Analisis Laporan Keuangan. PT. Raja Grafindo Persada.
Larasati, S., Hendra Titisari, K., & Nurlaela, S. (2017). Pengaruh Good Corporate Governance Dancorporate Social Responsibility Terhadap Kinerja Keuangan Perusahaan Manufaktur Yang Terdaftar Di Bei. Seminar Nasional IENACO, 579–586. www.idx.co.id
Lestari, I. P., Andini, R., & Oemar, A. (2018). Pengaruh CR, DER, ROA dan Ukuran Perusahaan terhadap harga saham dengan kebijakan dividen sebagai variabel intervening. Journaal Of Accounting, 5(5), 53–64.
Lestari, N., & Lelyta, N. (2019). Pengaruh Corporate Social Responsibility Terhadap Kinerja Keuangan. Equity, 22(1), 1–11. https://doi.org/10.34209/equ.v22i1.897
Mahrani, M., & Soewarno, N. (2018). The effect of good corporate governance mechanism and corporate social responsibility on financial performance with earnings management as mediating variable. Asian Journal of Accounting Research, 3(1), 41–60. https://doi.org/10.1108/AJAR-06-2018-0008
Pinheiro, A. B., Santos, J. I. A. S. dos, Silva, D. M. L. Da, Segatto, A. P., & Korelo, J. C. (2023). Corporate governance meets corporate social responsibility : evidence from Latin America El gobierno corporativo se encuentra con la responsabilidad social empresarial : evidencia de rica Latina Am e. Academia Revista Latinoamericana de Administracion, 36(4), 516–534. https://doi.org/10.1108/ARLA-05-2023-0072
Sutisna, N. (2020). Pengaruh Penerapan Tata Kelola Perusahaan Dan Tanggung Jawab Sosial Terhadap Kinerja Keuangan Perusahaan Yang Terdaftar Di Bursa Efek Indonesia Periode 2014- 2018. Akuntoteknologi: Jurnal Ilmia Akuntansi Dan Teknologi, 12(1), 1–16.
Sylvia, S., DM, R., & Idris, M. (2022). Moderation of Firm Size: Financial Performance on Disclosure of Corporate Social Responsibility. Atestasi : Jurnal Ilmiah Akuntansi, 5(1), 296–320. https://doi.org/10.57178/atestasi.v5i1.618
Tangngisalu, J., Halik, A., Marwan, & Jumady, E. (2023). Leverage Analysis, Investment Opportunity Set, and Ownership of Company Value. Journal of Law and Sustainable Development, 11(5), 1–21. https://doi.org/10.55908/sdgs.v11i5.992
Ullah, M. S., Muttakin, M. B., & Khan, A. (2019). Corporate governance and corporate social responsibility disclosures in insurance companies. International Journal of Accounting & Information Management, 27(2), 284–300. https://doi.org/10.1108/IJAIM-10-2017-0120
Yana Fajriah, & Edy Jumady. (2022). Good Corporate Governance And Corporate Social Responsibility On Company Value With Financial Performance. Jurnal Akuntansi, 26(2), 324–341. https://doi.org/10.24912/ja.v26i2.944
Yesica, Y., Sitorus, T., & Purwanto, E. (2020). Pengaruh Tata Kelola Perusahaan yang Baik dan Tanggung Jawab Sosial Perusahaan terhadap Kinerja Keuangan. Journal of Business & Applied Management, 13(2), 191. https://doi.org/10.30813/jbam.v13i2.2356
Yuan, L., Zheng, L., & Xu, Y. (2023). Corporate social responsibility and corporate innovation efficiency : evidence from China. International Journal of Emerging Markets, 18(12), 6125–6142. https://doi.org/10.1108/IJOEM-09-2021-1364