PENGARUH EARNING MANAGEMENT, CORPORATE SOCIAL RESPONSIBILITY DAN KEBIJAKAN HUTANG TERHADAP NILAI PERUSAHAAN YANG DIMODERASI OLEH PRAKTEK GOOD CORPORATE GOVERNANCE

Abstract

This study aimed to analyze the effect of earnings management, corporate social responsibility and the value of corporate debt policy are moderated by the practice of good corporate governance with the perspective of agency theory and signaling theory.

This study used a sample of 53 publicly traded companies listed on at the Indonesian Institute of Corporate Governance in the form of corporate Governace perception index (CGPI) year period from 2010 to 2012. Hypothesis testing is used multiple regression analysis with absolute value of the difference. Results of studies using regression proved that earnings management does not affect the value of the company, CSR does not affect the value of the company, debt policy affect the value peruahan, good corporate governance is not proven as a moderating variable between earnings management with corporate values, good corporate governance proved to be moderating variable between CSR with corporate values and good corporate governance proved as moderating variable between the value of corporate debt policy.

Keywords: Earning Management, Corporate Social Responsibility, Debt Policy, Corporate Value, Good Corporate Governance