PENGARUH DIVERSIFIKASI DAN CORPORATE SOCIAL RESPONSIBILITY TERHADAP KINERJA DAN NILAI PERUSAHAAN DENGAN GOOD CORPORATE GOVERNANCE SEBAGAI VARIABEL MODERASI PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2013-2017

Abstract

Manufacturing sector has a major contribution to Indonesia economic growth. Increasing economic growth is the investment opportunity that profitable for investor and also a business opportunity to develop their business. The population in this study are all 129 manufacturing companies that listed in Indonesia Stock Exchange for the period 2013-2017 with a total 41 companies as a sample by using purposive sampling technique. The result showed that : 1) company diversification has a significant positive effect to company value. 2) CSR has a significant positive effect to company value. 3) company performance has a significant positive effect to company value. 4) diversification doesn’t have a significant effect to company value through company performance indirectly. 5) CSR has a significant effect to company value through company performance indirectly. 6) GCG is able to strengthen the relationship between diversification and company value. 7) GCG doesn’t have a significant effect to company value that makes a CSR decision.

Keywords : Diversification, Corporate Social Responsibility, Company Performance, Company Value, Good Corporate Governance