Research Article
The Impact of Corporate Governance Perception Index (CGPI) on Price to Book Value with Corporate Social Responsibility (CSR) as Moderating Variable (Bank Listed on Indonesia Stock Exchange in 2016-2018)
@INPROCEEDINGS{10.4108/eai.5-8-2020.2301179, author={Rizky Indriyani Siregar and Junino Jahja}, title={The Impact of Corporate Governance Perception Index (CGPI) on Price to Book Value with Corporate Social Responsibility (CSR) as Moderating Variable (Bank Listed on Indonesia Stock Exchange in 2016-2018)}, proceedings={Proceedings of the 2nd International Conference of Business, Accounting and Economics, ICBAE 2020, 5 - 6 August 2020, Purwokerto, Indonesia}, publisher={EAI}, proceedings_a={ICBAE}, year={2020}, month={10}, keywords={corporate governance pbv csr cgpi firm’s value}, doi={10.4108/eai.5-8-2020.2301179} }- Rizky Indriyani Siregar
Junino Jahja
Year: 2020
The Impact of Corporate Governance Perception Index (CGPI) on Price to Book Value with Corporate Social Responsibility (CSR) as Moderating Variable (Bank Listed on Indonesia Stock Exchange in 2016-2018)
ICBAE
EAI
DOI: 10.4108/eai.5-8-2020.2301179
Abstract
Every company should implement Good Corporate Governance (GCG), hoping by implementing GCG the company will get value-added and achieve sustainability business. Besides that, it is important to see the return for the company if it implements GCG especially for the value of the firm. This paper is an empirical study to investigate the impact of the Corporate Governance Perception Index (CGPI) on a firm's value which is measured by using the Price to Book Value (PBV) ratio. Besides that, this study used the publication of Corporate Social Responsibility (CSR) as moderating variable to see whether CSR could make CGPI's effect stronger in impacting PBV, therefore this study used 2 research model where model 1 uses CGPI and CSR and addition CSR as moderating variable in model 2. The result of research model 1 shows that CGPI has a negative significant impact on PBV and CSR has a negative insignificant impact on PBV. Research model 2 shows that both CGPI and CSR have a negative insignificant impact on PBV while moderating variable has a positive insignificant impact on PBV. This study showed different results from the previous study.
