THE INFLUENCE OF CORPORATE SOCIAL RESPONSIBILITY AND GOOD CORPORATE GOVERNANCE ON FINANCIAL PERFORMANCE IN FOOD AND BEVERAGE COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE FOR THE PERIOD 2021-2023

Abstract

This study aims to detennine whether Corporate Social Responsibility and Good Corporate Governance as proxied by Institutional Ownership, the Board of Commissioners and the Audit Committee affects financial perfonnance as proxied by Return on Asset in food and beverage companies listed on the Indonesian stock exchange for the period 2021-2023. The indicators tested in this study are Corporate Social Responsibility and Good Corporate Governance which are proxied by Institutional Ownership, the Board of Commissioners and the Audit Committee as independent variables, while Return on Asset as the dependent variable. The research method used in this research is quantitative method. The population in this study were food and beverage sector companies for the period 2021-2023. Which amounted to 32 companies. The sampling technique used in this study was purposive sampling, so that the number of samples in this study were 10 companies with a research period of 3 years. The data analysis used in this research is panel data regression analysis at a significance level of 5%. The program used in analyzing data uses EViews 13. The results showed that Corporate Social Responsibility and Good Corporate Governance proxied by Institutional Ownership, the Board of Commissioners and the Audit Committee partially and simultaneously have no effect on Return on Asset in food and beverage companies listed on the Indonesian stock exchange for the period 2021-2023