GOOD CORPORATE GOVERNANCE TERHADAP PENGUNGKAPAN SOSIAL DAN KINERJA OPERASI PERUSAHAAN DALAM
Jurusan Akuntansi Fakultas Ekonomi Universitas Negeri Malang
Jl. Semarang 5 Malang, 65145
Telp. +62 341 551312; Fax. +62 341 551 921
There were many controversion arguments about the implementation of corporate social responsibility (CSR) in the company rule no 40, 2007. Moreover, in June 8, 2009, BEI and KEHATI Foundation published Index of SRI-KEHATI. It consisted 25 of the best shares’ companies that had applied CSR. It was one of implementations of GCG. Based on those reasons, there were three aims of this research. First, this research tested the significant influence of GCG to the level of CSR disclosure. Second, this paper examined the significant effect of GCG to the operational performance (ROA). The last aim was that the significant impact of GCG to the operational performance (ROA) by CSR. In this research,the proxy of GCG was the independent board of directors and institutional ownership. Respondents participating in this research were companies in Index of SRI-KEHATI. This research used purposive sampling method with 16 samples. Analysis used path analysis to examine three hypotheses. There were three result of this research. First, GCG did not have significant influence to the level of CSR disclosure. Second, GCG did not have significant influence to the operational performance (ROA). Third, GCG had significant influence to the ROA by CSR.
Key words: corporate social responsibilities disclosure, operational performance, independent boards of directors, institutional ownership