PENGARUH IMPLEMENTASI CORPORATE SOCIAL RESPONSIBILITY, GOOD CORPORATE GOVERNANCE, DAN INTELLECTUAL CAPITAL TERHADAP KINERJA KEUANGAN

Abstract

A company’s financial performance reflects its financial position and is analyzed to assess how well the company operates over a specific period. In practice, performance competition among companies, particularly in the manufacturing sector, has become increasingly prominent amidst intense global business rivalry. This study aims to examine the influence of Corporate Social Responsibility (CSR), Good Corporate Governance (GCG), and Intellectual Capital (IC) on the financial performance of manufacturing companies listed on the Indonesia Stock Exchange. This research employs a quantitative method with a documentation study approach and purposive sampling technique, involving 30 manufacturing companies as samples. The results indicate that CSR and IC have a significant effect on financial performance as measured by Return on Equity (ROE). Within the GCG dimension, institutional ownership and the proportion of independent commissioners significantly affect ROE, while managerial ownership and board size do not. The study concludes that improvements in CSR, institutional ownership, independent board proportion, and intellectual capital can enhance financial performance, whereas increases in managerial ownership and board size have no significant effect on ROE