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"Penelitian ini membahas pengaruh kinerja tanggung jawab sosial perusahaan terhadap asimetri informasi di pasar saham pada perusahaan-perusahaan yang terdaftar di Bursa Efek Indonesia tahun 2009-2011. Penelitian ini menganalisis dampak perbedaan tingkat kepemilikan institusional terhadap hubungan antara kinerja tanggung jawab sosial perusahaan dan asimetri informasi. Sampel berjumlah 60 perusahaan yang diambil berdasarkan kriteria seleksi awal perhitungan Indeks SRI-KEHATI. Hasil penelitian menunjukkan bahwa kinerja tanggung jawab sosial perusahaan berpengaruh negatif terhadap asimetri informasi dan tingkat kepemilikan institusional memperlemah hubungan negatif antara kinerja tanggung jawab sosial perusahaan dan asimetri informasi.

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This research discusses the influence of corporate social responsibility performance on stock market information asymmetry for listed firms in Indonesian Stock Exchange from 2009-2011. This research analyzes the effect of difference in institutional ownership level on the relation between corporate social responsibility performance and information asymmetry. Sample of 60 firms taken based on initial selection criteria for calculation of SRI-KEHATI Index. The result shows that corporate social responsibility performance has negative influence on information asymmetry and level of institutional ownership weakens negative relation between corporate social responsibility performance and information asymmetry."

"Penelitian ini bertujuan untuk mengetahui : hubungan komisaris independen, kepemilikan institusional, dan kepemilikan asing terhadap pengungkapan informasi lingkungan hidup dan menggunakan variabel kontrol yaitu total aset, profitabilitas dan leverage terhadappengungkapan informasi tentang lingkungan hidup. Sampel penelitian adalah 166 perusahaan yang terdaftar di BEI dari tahun 2009 sampai dengan 2011. Analisa regresi berganda digunakan untuk menguji hipotesis dalam penelitian ini. Penelitian iniHasil penelitian menunjukkan bahwa komisaris independen dan total aset berpengaruh terhadap pengungkapan lingkungan, namun kepemilikan institusional, kepemilikan asing, profitabilitas dan leverage tidak berpengaruh signifikan.

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The Objective of this study is to examine : The relationship between board independence, institutional ownership, foreign ownership on environmental disclosure and use control variable are total asset, profitability and leverage on environmental disclosure. The sample of this study consist of 166 company which listed in Indonesia Stock Exchange from 2009 to 2011. Multiple regression analysis is used to test the hypothesis in this research. The result of this study shows that board of independence and total asset has significant influence towards environmental disclosure, but institutional ownership, foreign ownership , profitability and leverage has no significant influence."

"Era globalisasai diartikan sebagai masa kebebasan bagi perdagangan dan menanamkan modal serta mengambil manfaat darinya secara bebas ke beberapa negara lain. Tahun 2003 kita kenal juga sebagai awal tahun AFTA yaitu awal perdagangan bebas khusus untuk wilayah Asia. Dengan demikian negara yang tergabung dalam AFTA harus berbenah diri dan bersiap menghadapi persaingan yang semakin keras ini. Jika tidak, negara bersangkutan akan ketinggalan dan tidak bisa mengikuti perkembangan perdagangan dunia. Konsekwensi dari kebebasan perdagangan ini, membawa para pengusaha untuk serius membenahi perusahaannya mengikuti ketentuan dalam perdagangan dunia. Sebab jika tidak, investor tidak akan bersedia menanamkan modalnya jika perusahaan tidak mengikuti ketentuan yang diberlakukan; yang dikenal sebagai etika berbisnis. Salah satu yang menjadi perhatian utama para investor adalah syarat good corporate governance, baik dalam kinerja finansial maupun menggabungkan potensi perusahaan, khususnya bagi negaranegara yang pasarnya berkembang. Investor cenderung menghindari pasar-pasar yang buruk atau rendah corporate governancenya. Hal ini menjadi salah satu sebab perlunya sosialisasi good corporate governance."

"Ownership which was concentration is one of the characteristic most companies in Indonesia, in the reality have tendency to generate debt agency problem between majority shareholder and creditor. Desire to keep holding to conduct company make majority taking debt as especial choice of financing of company. Beside that using debt will give entire all benefit to majority if success investment, and creditor follow to account loss if failure investment. This phenomenon proven of crisis moment, where according to finding of ADB (Asian Development Bank) the root cause the happening of crisis was the ownership which is more concentrated, less effective of observation him by director of board, market which not yet personated controller of company and 70% financing of company dominated with loan not yet accompanied with enough observation at creditor. Company in Indonesia is generally owned by foreign multinational company or foreigner, domestic company or local people or owned by state. This study will check the company with multinational majority and company with non multinational majority, where have been proved at research before by Suad Husnan (2001) that company with majority multinational have better than company with majority is not multinational, with period of research before the happening of crisis (year 1996) and the happening of crisis (year 1997- 1998). In this study use samples 15 companies with multinational majority shareholder and 29 companies with majority shareholder non multinational. Governance Corporate monetary aspect will indicated with DER (Debt Equity Ratio) and monetary performance will indicated with ROE (Return on Equity) as accountancy indicator and with abnormal of return as capital market indicator. For know how to policy of performance and financing of company will be used by t-test which analyst DER, ROE and both company group. After that, regression used to test influence of DER to ROE, then regression with variable of dummy conducted to know the changed of regression parameter for the periods of crisis and after crisis."