Effect of corporate social responsibility, good corporate governance and ownership structure on financial performance and firm value: A Study in Jakarta Islamic Index

Jallo, Amiruddin; Mus, Abdul Rahman; Mursalim, .; Suryanti, Suryanti; Jamali, Hisnol

doi:10.31227/osf.io/wn9uz

Cited by 16 publications

(30 citation statements)

References 1 publication

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“…Profitability is a measure of management performance in order to increase the welfare of shareholders and simultaneously increase compensation for management [5], so increasing profitability will increase firm value. The results of previous studies also show that profitability has a positive effect on firm value [3,7]. When a company can increase its profitability, the CSR will be expanded by its disclosure items.…”

Section: Introductionmentioning

confidence: 85%

“…Increased PBV also shows earnings growth for shareholders [1]. This measurement is also used by researchers [7,11].…”

Section: Methodsmentioning

confidence: 99%

“…However, the results of previous studies there are differences in research results. Some researchers show that profitability does not significantly affect firm value [4], in contrast to the results that profitability has a positive effect on firm value [7]. Based on the concept and previous research, so the second hypothesis (H2) can be formulated that Profitability has a positive effect on firm value.…”

Section: Introductionmentioning

confidence: 99%

“…But the calculation of ROA involves the results of funding activities and operating activities, and total assets is the sum of operating assets and financial assets; so ROA is actually a mixed measurement. However, previous researchers also commonly use ROA as a measure of profitability, Nugroho [3] and Jallo [7] indicating that profitability has a positive effect on firm value. Conceptually it is also stated that the higher the profitability affect the higher firm value [1].…”

Section: Introductionmentioning

confidence: 99%

“…The higher index or the deeper content revealed by the company shows the higher CSR value [8]. Corporate Social Responsibility (CSR) does not significantly affect firm value, and CSR cannot provide a meaningful contribution to firm value [7,9]. However, the other hand shows that CSR has a positive effect on firm value [10].…”

Section: Introductionmentioning

confidence: 99%

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Corporate Social Responsibility Moderated the Effect of Liquidity and Profitability on the Firm Value

Nuswandari¹,

Sunarto²,

Jannah³

et al. 2019

Proceedings of the International Conference on Banking, Accounting, Management, and Economics (ICOBAME 2018)

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This study aims to examine the effect of liquidity and profitability on firm value with corporate social responsibility as a moderating variable. The population of this study is a company that is included in the LQ_45 list since 2013-2016 with a population of 180 observations. The sampling technique uses purposive sampling with the authors of companies that are always registered in the LQ_45 period I and II for each year and not outliers. The sample of this study was 145 observations. The analysis technique used regression analysis with pure moderator interaction model. The results of the study show that liquidity has a significant negative effect on firm value; while profitability does not affect firm value; and CSR has a significant positive effect on firm value. CSR has no function to moderate the influence of liquidity on firm value; but proven to strengthen the influence of profitability on firm value. This result shows that CSR provides additional incremental information on the firm value.

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Section: Introductionmentioning

confidence: 85%

“…Increased PBV also shows earnings growth for shareholders [1]. This measurement is also used by researchers [7,11].…”

Section: Methodsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Corporate Social Responsibility Moderated the Effect of Liquidity and Profitability on the Firm Value

Nuswandari¹,

Sunarto²,

Jannah³

et al. 2019

Proceedings of the International Conference on Banking, Accounting, Management, and Economics (ICOBAME 2018)

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Moderating Environmental, Social, and Governance (ESG) risk in the relationship between investment decisions and firm value

Stiadi

2023

IOP Conf. Ser.: Earth Environ. Sci.

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Investment decisions of companies and investors consider aspects of the company's financial performance and relate to the company's environmental responsibility from company activities. Corporate environmental responsibility can be implemented in its attention to the Environment, Social, and Governance (ESG). This study aims to analyze the role of ESG risk in moderating the relationship between investment decisions and firm value in the ESG Leader Index (IDXESGL) group of companies on the Indonesia Stock Exchange (IDX). Sample selection was based on a purposive sampling of 30 companies for the 2020-2022 period with 4 IDXESGL index evaluation periods, so 20 companies were selected, and the total observation data was 80 observations. Analysis of the research data used the structural equation model (SEM) method with the Partial Least Square (PLS) analysis technique. The analysis results show that ESG risk moderates the relationship between investment decisions and firm value. Therefore, the smaller the company's ESG risk will increase the influence of investment decisions on company value, and in the future, the company will continue to grow sustainably.

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Moderasi ESG Risk pada Keputusan Investasi Terhadap Return Saham

Stiadi

Yusniar

Abidin

2023

JBP

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financial performance but also relate to the company's sustainability of the environment as a responsibility for the environmental impact of the company's activities. Alignment of corporate responsibilities can be seen in the company's concern for Environmental, Social, and Governance (ESG). This study aims to analyze the role of ESG Risk in moderating the relationship between investment decisions and stock returns in the ESG Leader Index (IDXESGL) group of companies on the Indonesia Stock Exchange (IDX). The sample was selected using the purposive sampling method in 30 companies for the period March 2021-September 2022 with 4 IDXESGL index evaluation periods so that 20 companies were selected and the total observation data was 80 observations. The research data were analyzed using the Moderated Regression Analysis (MRA) method. The results of the analysis show that ESG Risk moderates the effect of investment decisions on stock returns. Therefore, the better the company's ESG performance (the lower the ESG Risk) will strengthen the effect of investment decisions on company performance as indicated by an increase in stock returns, and in the future the company will continue to grow in a sustainable manner. Keywords: ESG Risk, investment decisions, stock returns

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Effect of corporate social responsibility, good corporate governance and ownership structure on financial performance and firm value: A Study in Jakarta Islamic Index

Cited by 16 publications

References 1 publication

Corporate Social Responsibility Moderated the Effect of Liquidity and Profitability on the Firm Value

Corporate Social Responsibility Moderated the Effect of Liquidity and Profitability on the Firm Value

Moderating Environmental, Social, and Governance (ESG) risk in the relationship between investment decisions and firm value

Moderasi ESG Risk pada Keputusan Investasi Terhadap Return Saham

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