THE EFFECT OF CORPORATE SOCIAL RESPONSIBILITY, MANAGERIAL OWNERSHIP AND INTELLECTUAL CAPITAL ON COMPANY VALUE WITH COMPANY PERFORMANCE AS A MEDIATION VARIABLE
Keywords:
Managerial Ownership; Corporate Social,Responsibility; The company value; Companyperformance: Intellectual Capital
Abstract
Company performance in this study use as the mediating variable to examine how managerial ownership, intellectual capital, and companyperformance affect firm value. 47 mining businesses listed on the IDX between 2017--2021 constitute the study population using a sample selection method called purposive sampling. 36 mining companies were sampled for this study. This study used simple regression as a data analysis method using SPSS ver.26 software. Intellectual capital isn’ta factor that affects the company value. There is no difference that affects company value in company performance. Managerial ownership variables significantly and profitably influence business performance. Through the use of corporate performance variables, corporate social responsibility and corporate values can be linked. Company performance indicators can act as mediators between managerial ownership and firm value. Variables related to business performance cannot act as mediators in the relationship between intellectual capital and firm value.
References
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Dzikir, A. N., Syahnur, S., & Tenriwaru, T. (2020). PENGARUH CORPORATE SOCIAL RESPONSIBILITY TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL MODERASI. AJAR. https://doi.org/10.35129/ajar.v3i02.134
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Puspita, G., & Wahyudi, T. (2021). Modal Intelektual (Intellectual Capital) dan Nilai Perusahaan Pada Industri Manufaktur. Owner. https://doi.org/10.33395/owner.v5i2.471
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Santoso, A., & Susilowati, T. (2020). UKURAN PERUSAHAAN MEMODERASI PENGARUH STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN. Adbis: Jurnal Administrasi Dan Bisnis. https://doi.org/10.33795/j-adbis.v13i2.74
Shan, Y. G. (2019). Managerial ownership, board independence and firm performance. Accounting Research Journal.
Sharma, E. (2019). A review of corporate social responsibility in developed and developing nations. In Corporate Social Responsibility and Environmental Management. https://doi.org/10.1002/csr.1739
Sitohang, D., & Manik, J. (2021). PENGARUH MODAL INTELEKTUAL TERHADAP NILAI PERUSAHAAN DENGAN KINERJA KEUANGAN SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN SUB SEKTOR REAL ESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA. Jurakunman (Jurnal Akuntansi Dan Manajemen). https://doi.org/10.48042/jurakunman.v14i1.74
Suwandi, Akyuwen, R., & Dwita Susilawati, A. (2021). Democracy / Participation-Based Corporate Social Responsibility Management Improves Public Welfare in Indonesia. International Journal of Scientific Research and Management, 9(07)(2287–2292).
Suwandi, S. (2021). The Effect of Corporate Social Responsibility, Working Capital Efficiency, Earning Per Share on Company Performance and Mining Company Value 2019-2020.
Suwandi, S., & Akyuwen, R. (2019). GAP ANALYSIS IMPLEMENTASI ISO 26000 PADA PERUSAHAAN PUBLIK. Modus, 31(2), 172–183.
Suwandi, S., & Waskito, J. (2022). The Implementation of Canvas Model in Plan Determination of Swallow Nest Business Management. Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences, 5(2), 8202–8213.
Zulkarnaen, W., Fitriani, I., & Yuningsih, N. (2020). Pengembangan Supply Chain Management Dalam Pengelolaan Distribusi Logistik Pemilu Yang Lebih Tepat Jenis, Tepat Jumlah Dan Tepat Waktu Berbasis Human Resources Competency Development Di KPU Jawa Barat. Jurnal Ilmiah MEA (Manajemen, Ekonomi, & Akuntansi), 4(2), 222-243. https://doi.org/10.31955/mea.vol4.iss2.pp222-243.
Andarsari, P. R. (2021). PENGARUH STRUKTUR MODAL DAN STRUKTUR KEPEMILIKAN TERHADAP KINERJA PERUSAHAAN. Journal of Accounting and Financial Issue (JAFIS). https://doi.org/10.24929/jafis.v2i1.1390
Asnawi, A., Ibrahim, R., & Saputra, M. (2019). PENGARUH KEPEMILIKAN MANAJERIAL, KEPEMILIKAN INSTITUSIONAL DAN KEBIJAKAN HUTANG TERHADAP NILAI PERUSAHAAN (STUDI PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA). JURNAL PERSPEKTIF EKONOMI DARUSSALAM. https://doi.org/10.24815/jped.v5i1.14089
Ayem, S., & Nikmah, J. (2019). Pengaruh Corporate Social Responsibility terhadap nilai perusahaan dengan ukuran perusahaan sebagai variabel moderasi (studi empiris pada perusahaan lq45 yang terdaftar di bursa efek Indonesia tahun 2013-2017). Jurnal Akuntansi Pajak Dewantara, 1(2), 139–149.
Bamel, U., Pereira, V., Del Giudice, M., & Temouri, Y. (2022). The extent and impact of intellectual capital research: a two decade analysis. In Journal of Intellectual Capital. https://doi.org/10.1108/JIC-05-2020-0142
Bennett, B., Bettis, J. C., Gopalan, R., & Milbourn, T. (2017). Compensation goals and firm performance. Journal of Financial Economics, 124(2), 307–330.
Buchanan, B., Cao, C. X., & Chen, C. (2018). Corporate social responsibility, firm value, and influential institutional ownership. Journal of Corporate Finance, 52, 73–95.
Dzikir, A. N., Syahnur, S., & Tenriwaru, T. (2020). PENGARUH CORPORATE SOCIAL RESPONSIBILITY TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL MODERASI. AJAR. https://doi.org/10.35129/ajar.v3i02.134
Ibrahimy, A. I., & Raman, K. (2019). The impact of intellectual capital on firm performance in Malaysia. UNIMAS Review of Accounting and Finance, 2(1), 20–30.
Janosevic, S., & Dzenopoljac, V. (2021). Impact of intellectual capital on financial performance in Indian textile industries. Academy of Accounting and Financial Studies Journa.
Jelita, D. (2018). Pengaruh Modal Intelektual Dan Profitabilitas. Accounting Research Journal Of Sutaatmadja (Accruals).
Karmilawati, N. K. D. (2022). PENGARUH KEPEMILIKAN MANAJERIAL, KEPEMILIKAN INSTITUSIONAL DAN CORPORATE SOCIAL RESPONSIBILITY TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN PROPERTY DAN REAL ESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA [Universitas Pendidikan Ganesha]. https://repo.undiksha.ac.id/11120/
Lee, K. J. (2019). The effects of social responsibility on company value: a real options perspective of Taiwan companies. Economic Research-Ekonomska Istrazivanja . https://doi.org/10.1080/1331677X.2019.1679213
Lumapow, L. S. (2018). The Influence of Managerial Ownership and Firm Size On Debt Policy. International Journal of Applied Business and International Management. https://doi.org/10.32535/ijabim.v3i1.76
Martín-de Castro, G., Díez-Vial, I., & Delgado-Verde, M. (2019). Intellectual capital and the firm: evolution and research trends. In Journal of Intellectual Capital. https://doi.org/10.1108/JIC-12-2018-0221
Mas’ ud, R. M. (2021). Pengaruh intellectual capital terhadap nilai perusahaan dengan profitabilitas sebagai variabel intervening pada perusahaan LQ45 di Bursa Efek Indonesia tahun 2017-2019. Universitas Islam Negeri Maulana Malik Ibrahim.
Murni, S. ., & Sabijono, H. . (2018). PERAN KINERJA KEUANGAN DALAM MENENTUAN NILAI PERUSAHAAN. JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis Dan Inovasi Universitas Sam Ratulangi). https://doi.org/10.35794/jmbi.v5i2.20806
Muttaqin, M., & Muhidin, M. (2021). PERAN COREPORATE SOCIAL RESPONSIBILITY TERHADAP HUBUNGAN ANTARA STRUKTUR KEPEMILIKAN DAN NILAI PERUSAHAAN. JURNAL AKUNTANSI. https://doi.org/10.37932/ja.v10i1.236
Nagari, P. M., Nugroho, T. R., & Setiono, H. (2019). Pengaruh Corporate Social Responsibility Terhadap Profitabilitas dan Dampaknya Terhadap Nilai Perusahaan Sektor Pertambangan Di Bursa Efek Indonesia Tahun 2016-2018. PRIVE: Jurnal Riset Akuntansi Dan Keuangan, 2(2), 90–105.
Narkunienė, J., & Ulbinaitė, A. (2018). Comparative analysis of company performance evaluation methods. Entrepreneurship and Sustainability Issues. https://doi.org/10.9770/jesi.2018.6.1(10)
Puspita, G., & Wahyudi, T. (2021). Modal Intelektual (Intellectual Capital) dan Nilai Perusahaan Pada Industri Manufaktur. Owner. https://doi.org/10.33395/owner.v5i2.471
Rahmad, J. B., Suwandi, S., Soedaryono, C. K. T., Aryanti, L. F. D., & Aprialiasari, D. (2022). Analysis of The Effect of Community’s Role in CSR Activities on The Image of The Company of Minarak Brantas Gas, Inc. ADI Journal on Recent Innovation (AJRI). https://doi.org/10.34306/ajri.v3i2.530
Rahmadhani, N. A., & Ardini, L. (2018). Pengaruh tanggung jawab sosial perusahaan terhadap nilai perusahaan dengan kepemilikan manajerial sebagai variabel moderating. Jurnal Ilmu Dan Riset Akuntansi :
Sa’adah, N. (2022). Analisis Islamic Corporate Social Responsibility Dan Reputasi Perusahaan Terhadap Kinerja Keuangan Pada Bank Umum Syariah Di Indonesia Periode 2016-2020. IAIN KUDUS.
Santoso, A., & Susilowati, T. (2020). UKURAN PERUSAHAAN MEMODERASI PENGARUH STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN. Adbis: Jurnal Administrasi Dan Bisnis. https://doi.org/10.33795/j-adbis.v13i2.74
Shan, Y. G. (2019). Managerial ownership, board independence and firm performance. Accounting Research Journal.
Sharma, E. (2019). A review of corporate social responsibility in developed and developing nations. In Corporate Social Responsibility and Environmental Management. https://doi.org/10.1002/csr.1739
Sitohang, D., & Manik, J. (2021). PENGARUH MODAL INTELEKTUAL TERHADAP NILAI PERUSAHAAN DENGAN KINERJA KEUANGAN SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN SUB SEKTOR REAL ESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA. Jurakunman (Jurnal Akuntansi Dan Manajemen). https://doi.org/10.48042/jurakunman.v14i1.74
Suwandi, Akyuwen, R., & Dwita Susilawati, A. (2021). Democracy / Participation-Based Corporate Social Responsibility Management Improves Public Welfare in Indonesia. International Journal of Scientific Research and Management, 9(07)(2287–2292).
Suwandi, S. (2021). The Effect of Corporate Social Responsibility, Working Capital Efficiency, Earning Per Share on Company Performance and Mining Company Value 2019-2020.
Suwandi, S., & Akyuwen, R. (2019). GAP ANALYSIS IMPLEMENTASI ISO 26000 PADA PERUSAHAAN PUBLIK. Modus, 31(2), 172–183.
Suwandi, S., & Waskito, J. (2022). The Implementation of Canvas Model in Plan Determination of Swallow Nest Business Management. Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences, 5(2), 8202–8213.
Zulkarnaen, W., Fitriani, I., & Yuningsih, N. (2020). Pengembangan Supply Chain Management Dalam Pengelolaan Distribusi Logistik Pemilu Yang Lebih Tepat Jenis, Tepat Jumlah Dan Tepat Waktu Berbasis Human Resources Competency Development Di KPU Jawa Barat. Jurnal Ilmiah MEA (Manajemen, Ekonomi, & Akuntansi), 4(2), 222-243. https://doi.org/10.31955/mea.vol4.iss2.pp222-243.
Published
2023-06-16
How to Cite
Suwandi, S., & Susilawati, A. (2023). THE EFFECT OF CORPORATE SOCIAL RESPONSIBILITY, MANAGERIAL OWNERSHIP AND INTELLECTUAL CAPITAL ON COMPANY VALUE WITH COMPANY PERFORMANCE AS A MEDIATION VARIABLE. Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA), 7(2), 483-496. https://doi.org/10.31955/mea.v7i2.3046
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Articles
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