Pengaruh Profitabilitas, Kepemilikan Asing, dan Keberadaan Wanita dalam Dewan Direksi Terhadap Nilai Filantropi Perusahaan
Keywords:
Keberadaan Wanita dalam Dewan Direksi, Kepemilikan Asing, Nilai Filantropi Perusahaan, ProfitabilitasAbstract
ABSTRACT
CLARA IRDYAN FEBRIANNY. The Effect of Profitability, Foreign Ownership, and Women on Board of Director on Corporate Philanthropy Value. Faculty of Economics, Universitas Negeri Jakarta. 2019.
Policies related to funds spent to run corporate philanthropy can reflect corporate’s seriousness in contributing to social problems. This study analyzes the factors that give effect to the value of corporate philanthropy, such as profitability, foreign ownership, and gender diversity of board of director.
All company listed in Indonesia Stock Exchange (IDX) during 2016–2018 are selected as research objects considering all sectors must carry out social and environmental responsibilities, including corporate philanthropy, which are presented in the corporate’s annual report. Through the purposive sampling method, 240 samples were obtained for 2016–2018 as year of observations which were processed by panel data regression analysis using Eviews10.
Based on the results and conclusions of the study, profitability has a significant positive effect on corporate philanthropy. This shows that companies that have high profitability have more capacity to maintain and increase the value of corporate philanthropy. Then, women on board of director has a significant negative effect on corporate philanthropy. The negative effect can be obtained because the higher proportion of women is not supported when corporate philanthropy is new and not a priority. Thus, the tendency of women to avoid risk will reduce the corporate philanthropic funds. While foreign ownership has not been proven to have a significant effect on corporate philanthropy. This is due to the principle conflict between major and minor shareholders, which effectiveness of foreign ownership when the corporate considers the extent of corporate philanthropy is aligned with corporate’s objecctives can not be seen.
Keywords: Corporate Philanthropy Value, Foreign Ownership, Profitability, Women on Board of Director
CLARA IRDYAN FEBRIANNY. Pengaruh Profitabilitas, Kepemilikan Asing, dan Keberadaan Wanita dalam Dewan Direksi Terhadap Nilai Filantropi Perusahaan. Fakultas Ekonomi, Universitas Negeri Jakarta. 2019.
Kebijakan terkait dana yang dikeluarkan untuk menjalankan filantropi perusahaan dapat mencerminkan keseriusan perusahaan dalam memberikan kontribusinya terhadap permasalahan sosial. Penelitian ini menganalisis faktor yang mempengaruhi nilai filantropi perusahaan, yaitu profitabilitas, kepemilikan asing, dan keberadaan wanita dalam dewan direksi.
Seluruh perusahaan yang terdaftar pada Bursa Efek Indonesia (BEI) selama tahun 2016–2018 dipilih sebagai objek penelitian. Melalui metode purposive sampling, diperoleh 240 sampel selama tahun pengamatan 2016–2018 yang diolah dengan analisis regresi data panel menggunakan Eviews10.
Berdasarkan hasil dan kesimpulan penelitian, profitabilitas memiliki pengaruh signifikan positif terhadap filantropi perusahaan. Hal tersebut menunjukkan bahwa perusahaan dengan profitabilitas tinggi memiliki kapasitas yang lebih untuk memelihara dan meningkatkan nilai filantropi perusahaannya. Kemudian, keberadaan wanita dalam dewan direksi berpengaruh signifikan negatif terhadap filantropi perusahaan. Hal tersebut dikarenakan proporsi wanita yang semakin tinggi tidak didukung ketika filantropi perusahaan merupakan hal yang baru dan bukan prioritas perusahaan. Sementara kepemilikan asing tidak terbukti berpengaruh signifikan terhadap filantropi perusahaan. Hal tersebut disebabkan adanya konflik prinsip antara pemegang saham utama dan minoritas.
Kata Kunci: Keberadaan Wanita dalam Dewan Direksi, Kepemilikan Asing, Nilai Filantropi Perusahaan, Profitabilitas
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