Ownership Structure, Independent Commissioner, and Corporate Social Responsibility

Abstract

The purpose of this research is to test the effect of managerial ownership, institutional ownership, foreign ownership and independent commissioner to corporate social responsibility (CSR). The population of this study is the manufacturing sector companies listed on the Indonesia Stock Exchange amounted to 146 companies. While the manufacturing companies that have complete data (CSR, managerial ownership, institutional ownership, foreign ownership and independent commissioner) for the period 2012-2014 are as many as 12 companies with 36 observation years and all examined (census). Data analysis in this study used multiple regression with the help of SPSS. The results show that managerial ownership, foreign ownership and independent commissioners are negatively related to CSR. Institutional ownership is positively related to CSR.

Keywords: Managerial Ownership, Institutional Ownership, Foreign Ownership, Independent Commissioner, Corporate Social Responsibility (CSR)