THE IMPACT OF GOOD CORPORATE GOVERNANCE AND DISCLOSURE OF CORPORATE SOCIAL RESPONSIBILITY FOR NON-FINANCIAL COMPANY PERFORMANCE IN INDONESIA

Badaruddin Badaruddin, Saiful Amri, Fanny Nailufar, Sufitrayati Sufitrayati

Abstract


This study aims to determine the impact of Good Corporate Governance (GCG) and Corporate Social Responsibility (CSR) toward Non-Financial Company's financial performance are listed in the Indonesia Stock Exchange (BEI). The sample is used in this study were 36 Non-Financial Companies listed on the Indonesia Stock Exchange (BEI) during 2010 and 2012. The data used are annual reports and sustainability reports (sustainability reporting), were analyzed by multiple regression model. The results showed that the degree of relationship between good corporate governance (X1) and corporate social
responsibility (X2) with the Non-Financial performance of the company listed in Indonesia Stock Exchange has a weak relationship. While based on the coefficient of determination obtained with a value of 0129 means that was amounted to 12.9% changes in the dependent variable (the financial performance of companies listed on the Indonesia Stock Exchange)
can be explained by changes in the factors of good corporate governance (X1) corporate  social responsibility (X2). While the rest of 87.1% is explained by other factors outside of the variable corporate social responsibility as above described, this is indicate that corporate social responsibility is not the only factor affecting the performance of Non-Financial Companies listed in the Indonesia Stock Exchange (BEI).


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