RELATIONSHIP BETWEEN GOOD CORPORATE GOVERNANCE AND STOCK PRICE CRASH RISK: THE MEDIATING ROLE OF CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE
Muhammad Iqbal Maulana, Dian Agustia, Yani Permatasari

Universitas Airlangga

Abstract

This study aims to know the role of corporate social responsibility disclosure in mediating the relationship between good corporate governance and stock price crash risk. Using non-financial companies listed on the Indonesia Stock Exchange and published sustainability reports for 2015 - 2020 as a sample, the method used is path analysis with the STATA 14 application. The results of this study indicate that the disclosure of corporate social responsibility can mediate the relationship between good corporate governance through institutional ownership proxy to the stock price crash risk. Furthermore, the disclosure of corporate social responsibility cannot mediate the relationship between good corporate governance through managerial ownership proxy to the stock price crash risk.

Keywords: Corporate social responsibility disclosure, Institutional ownership, Managerial ownership, Stock price crash risk

Topic: Management accounting