The Implementation of Good Corporate Governance (GCG), Corporate Social Responsibility (CSR) Toward Stock Return and Ethics as Moderating Variables

Verliani Dasmaran, Yvonne Augustine Sudibyo


The study have aim  to test how to implemented of Good Governance  of corporate (GCG), Social Responsibility of corporate (CSR), toward Stock Return and Ethics as a moderating variable. This study uses financial performance, namely ROE and Size as a control variable. The research method uses secondary data multiple regression testing with an analysis unit of 57 annual reports of manufacturing companies registered at processing data using SPSS 20. Output this study  to prove that Good Governance  of corporate (GCG) have a positive impact toward stock return or advantage of stock. Social Responsibility of corporate (CSR) have the effect positive  toward return Stock. And  Ethics cannot strengthen the influence to  Good Governance of Corporate toward Stock Returns; Ethics can strengthen the leverage Social Responsibility of Corporate to Stock return. The limitation in this study is focus on manufacturing companies not all sectors. The implication of the research is on the theory and policy of the company in implementation of ethics in the implementation of GCG and CSR

Keywords: Good Corporate Governance, Corporate Social Responsibility, Stock Return, Ethics

DOI: 10.7176/RJFA/10-12-15

Publication date:June 30th 2019

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