Pengaruh Mekanisme Corporate Governance dan Karakteristik Perusahaan terhadap Pengungkapan Tanggungjawab Sosial

Abstract

This study aims to examine the influence of corporate governance mechanisms including an independent board and institutional ownership, and firm characteristics include leverage, price-to-book-value, as well as the size of the disclosure of corporate social responsibility. This study uses 52 companies listed on the Indonesia Stock Exchange during the years 2007-2008 as sample. The results show that simultaneous variables such as independent board, institutional holdings, leverage, price-to-book-value, and size have a significant effect on the disclosure of corporate social responsibility. With determination coefficient (R 2) shows that inpendent variables can explain the dependent variable of 18.4%, while the rest of 81.6% influenced by other factors. Based on partially test results show that the independent board and leverage have no significant negative effect and institutional ownership and size are not significant positive effect, while the price-to-book-value has significant positive effect on the disclosure of corporate social responsibility.