PENGARUH STRUKTUR KEPEMILIKAN SAHAM DAN CORPORATE SOCIAL RESPONSIBILITY TERHADAP NILAI PERUSAHAAN
Studi kasus Perusahaan Manufaktur Sektor Industri Dasar dan Kimia yang terdaftar di BEI 2014-2017
Kata Kunci:
Share Ownership Structure, Corporate Social Responsibility, Company ValueAbstrak
ABSTRACT
The porpose of this research was to identify and analyze the relationship between the influence of share ownership structure and corporate social responsibility on firm value. Case study of Manufacturing Companies in the Basic and Chemical Industry that are listed on the IDX 2014-2017. The sampling technique in this study used purposive sampling. The analytical method used is multiple regression analysis with a significance level of 5% which was previously carried out by classical assumption test, t statistic test and coefficient of determination (R2) test. The results of the study partially show that Managerial Share Ownership on Company Value is 11.03% while the remaining 88.97% is influenced by other factors. The significance value is 0.033, where 0.033 <0.05, so it can be said that the managerial share ownership variable has an effect on firm value. Partial test results show that Institutional Share Ownership on Company Value is 6.46% while the remaining 93.54% is influenced by other factors. The significance value is 0.081, where 0.081 > 0.05. Thus, it can be said that the institutional share ownership variable has no effect on firm value. The test results partially show that Corporate Social Responsibility on the value of the company in this study is 8.68% while 91.32% is influenced by other factors. The significance value is 0.042, where 0.042 <0.05. The t-count value is -3.11. So it can be said that the Corporate Social Responsibility variable has a negative effect on firm value. This means that the increase in Corporate Social Responsibility can lead to a decrease in Company Value. Simultaneous regression test results concluded that Managerial Share Ownership, Institutional Share Ownership and Corporate Social Responsibility simultaneously on firm value in this study were 22.07%, while the remaining 77.93% was influenced by other factors not examined in this study. Managerial Share Ownership, Institutional Share Ownership, Corporate Social Responsibility simultaneously have a sufficient level of relationship with the Company Value of 0.4697. The significance level value is 0.003. Where 0.003 < 0.005. Thus, it can be said that the variables of Managerial Share Ownership, Institutional Share Ownership, and Corporate Social Responsibility simultaneously affect the Company Value.
Keywords: Share Ownership Structure, Corporate Social Responsibility, Company Value
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