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首页> 外文期刊>Research Journal of Social Sciences >The Mediating Effect of Corporate Social Responsibility and Good Corporate Governance on the Company’s Firm Value
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The Mediating Effect of Corporate Social Responsibility and Good Corporate Governance on the Company’s Firm Value

机译：企业社会责任和良好公司治理对公司价值的中介作用

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The study explores the mediating roles of corporate social responsibility (CSR) on the relationship between corporate goevrnanceand firm value. The Corporate Governance mechanism is measured using Governance Index Variables, managerial share ownership, andBoard Size. This study using all companies’ data which are registered in Indonesia Stock Exchange Year 2011-2015. The election periodare occupied due to the application of the Constitution No.40 Year 2007, which substitutes the Constitution No.1 Year 1995 aboutincorporated company. Sample in this tudy is registered in Corporate Governance Perception Index (CGPI) Year 2011—2015. The resultsof this study can be concluded that: In order to increase the Firm Value, the company must implement the Good Corporate Governance(GCG). It encourages and supervises the management’s work to achieve corporate and shareholder objectives. GCG is represented bymanagerial ownership variables that have an effect on the Firm Value, while either the number of directors and Governance Index don’t.The effect that occurs on the ownership variable is the negative effect. At a time when managerial ownership increases but does notincrease the Firm Value, due to low managerial ownership. While the stock ownership is low, there is a tendency for opportunisticmanagement to occur. This can lead to fraudulent and unethical behavior of management that will harm the shareholders. Management ismore likely to perform in order for companies to run effectively and efficiently so that they get incentives / compensation for theirperformance in the form of bonuses, etc. Management is less likely to work to maximize its utility to increase shareholder value.
机译：该研究探讨了企业社会责任（CSR）在公司治理与企业价值之间的关系中的中介作用。公司治理机制使用治理指数变量，管理股份所有权和董事会规模来衡量。这项研究使用了在2011-2015年印尼证券交易所注册的所有公司数据。由于2007年第40号宪法的适用，该选举期被取代，该法律取代了成立公司的1995年第1号宪法。该报告中的示例已在2011-2015年公司治理感知指数（CGPI）中注册。研究结果可以得出以下结论：为了增加公司价值，公司必须实施良好的公司治理。它鼓励和监督管理层实现公司和股东目标的工作。 GCG由对公司价值有影响的管理层所有权变量表示，而董事人数和治理指数均无影响。对所有权变量的影响是负面影响。由于管理者所有权较低，在管理者所有权增加但公司价值没有增加的时候。尽管股票所有权较低，但存在机会管理的趋势。这可能导致管理层的欺诈和不道德行为，从而损害股东利益。管理层更有可能为了使公司有效地运作而表现出色，以便他们以奖金等形式获得对其绩效的激励/补偿。管理层不太可能努力发挥其效用最大化以增加股东价值。

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