CSR's Capability as a Conflict's Resolution to Enhance a Firm's Value in Indonesia

Nila Tristiarini
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Nila Tristiarini: Economic and Business Faculty, Dian Nuswantoro University, Semarang, Indonesia

International Journal of Corporate Finance and Accounting (IJCFA), 2015, vol. 2, issue 1, 50-66

Abstract: The purpose of this research is to analyse the part of agency cost reduction, firm's corporate governance quality in its relation with corporate social responsibility (CSR), and firm's value. The sample used in this research are firms that have CSR information disclose in their annual company's report and firms that are joining corporate governance ranking conducted by The Indonesian Institute for Corporate Governance (IICG) publicized as CGPI (Corporate Governance Perception Index) year 2006-2012. The research outcomes demonstrate that CSR produces a direct positive result to firm's value. It also demonstrates that agency cost reduction has a role as an intermediary between CSR and firm's value. Other outcomes demonstrate that firm's corporate governance quality do not moderate correlation between CSR and agency cost reduction.

Date: 2015
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