The Disclosure of Corporate Social Responsibility and Good Corporate Governance toward Company’s Financial Performance and Stock Price of Lq45 Company
Journal Title: International Journal of Business and Management Invention - Year 2017, Vol 6, Issue 2
Abstract
The aim of the study is to analyze the effect of corporate social responsibility (CSR) disclosure, and corporate governance on financial performance, and stock price of LQ45 company. Its disclosure is based on Global Reporting Initiatives, the assessment of Good Corporate Governance (GCG) is based on Corporate Governance Perception Index, and financial performance reflected by current ratio, return on assets (ROA), return on equity (ROE), Tobin’s Q and stock return. The finding has revealed that: 1) the disclosure of CSR in annual report affects company’s financial performance significantly, which is reflected by current ratio indicator, ROA, and ROE; 2) the disclosure of CSR affects stock price significantly; 3) the implementation of Good Corporate Governance doesn’t affect financial performance significantly; and 4) the application of good corporate governance affects stock price significantly.
Authors and Affiliations
Sunarta1 , . , Mailani Hamdani2 ,, Imas Maesaroh3 ,, Ahmad Sonjaya4
Keywords
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