The Influence of Corporate Governance and Corporate Social Responsibility on Financial Performancewith Efficiency as Mediating Variable

The purpose of this research was to investigate and analyze the direct effect of corporate governance and corporate social responsibility on financial performance and their indirect effect through efficiency. This research used quantitative approach with samples of manufacturing firms which were selected using purposive sampling that listed in Indonesia Stock Exchange. There were 297 observations years-firms (2009-2012). The results of this research showed that corporate governance didn’t have effect on financial performance (ROA &Tobins Q), neither direct nor indirect effect through efficiency. In contrast, there was empirical evidence that corporate social responsibility has positive influence on financial performance (ROA), either direct or indirect effect through efficiency. However, corporate social responsibility has negative effect on financial performance (Tobins Q), either direct or indirect effect through efficiency.