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This study aims to examine the influence of corporate social responsibility disclosure positively affect the cost of equity capital in the previous year and test the disclosure of social responsibility negatively affect the cost of equity capital in companies with good corporate governance. Research data is annual report report or sustainability report 2012-2014 on 53 sample companies listed on IDX accordance with GRI disclosure criteria for content analysis CSR score calculation and using regression analysis technique for hypothesis testing with SPSS. Results found that the influence of corporate social responsibility disclosure positively related cost of equity capital in the previous year and disclosure of social responsibility negatively affect cost of equity capital in firms with good corporate governance. Contribution of research is analysis of corporate social responsibility disclosure at some industrial sector companies in GRI in Indonesia to cost of equity capital. Further disclosure of corporate social responsibility is linked to a broader comprehensive corporate governance by using a score with a check list comprising the characteristics of the board of commissioners and the audit committee, on firm’s cost of equity capital.

corporate social responsibility, corporate governance, cost of capital equity