Pengaruh Kinerja Tata Kelola Terhadap Harga Saham Perusahaan: Peran Mediasi Kinerja Sosial
DOI:
https://doi.org/10.24246/persi.v7i3.p315-335Keywords:
Governance Performance, Social Performance, Stock PriceAbstract
This study aims to determine the mediating role of corporate social performance in the influence of corporate governance performance towards company's stock prices. The measurement of corporate social performance and corporate governance performance were using corporate governance’s scores and social’s scores in refinitiv. Control variable using company size with Ln value of total assets and ROE ratio. This research was carried out using purposive sampling method. The research used companies listed in ESG-based index on Indonesia Stock Exchange (IDX), which labeled as IDX SRI KEHATI and IDX ESG Leaders for the period 2020-2022 with a total of 86 companies based on the sample criteria. The testing technique were multiple linear regression using STATA software for analyzing data and mediation testing was done by Sobel Test Calculator. The results of this research show that social performance was able to mediate the effect of corporate governance performance towards company’s stock prices with company size and ROE as controls variable. Corporate governance performance has no significant effect on stock prices. Corporate governance performance has a positive and significant effect on stock prices. Social performance has a positive and significant effect on stock prices. Social performance has a mediating role between corporate governance performance and stock prices
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