DAMPAK PERGANTIAN CHIEF EXECUTIVE OFFICER DAN PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY TERHADAP KINERJA PERUSAHAAN DENGAN MEKANISME CORPORATE GOVERNANCE SEBAGAI VARIABEL PEMODERASI (Studi Kasus pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2012-2015)
Abstract
This study aims to discover empirical evidence on the effect of chief executive officer turnover and to reveal corporates social responsibility on company performance using corporate governance mechanism as moderating variable ( A case study on manufacturing companies listed in Indonesia Stock Exchange in 2012-2015). The sampling technique used in this study was purposive sampling. The number of final sample used in this study was n95 samples after being reduced from outliner. The data analysis techniques used in this study were simple regression and multiple regression analysis. The hypothesis test used t-test and different test using independent samples of t-test. Besides, all variables have been tested using normality test, multicollinearity test, heteroscedasticity test, an autocorrelation test.
The result of the study showed thal all variables passed classical assumption test and were appropriate to be used as research data. The result of the analysis showed that corporate social responsibility had positive significant effect on company performance, corporate governance which was proxified with managerial ownership weakened the revealing of correlation between corporate social responsibility on company performance, corporate governance which was proxified with the proportion of independent directors weakened the revealing of correlation between corporate social responsibility on company performance. There was no difference between companies that conducted CEO replacement and those that did not conduct it.
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