Pengaruh Corporate Social Responsibility Dan Struktur Modal Terhadap Nilai Perusahaan Dengan Ukuran Perusahaan Dan Profitabilitas Sebagai Variabel Moderasi Pada Perusahaan Pertambangan

Abstract

The firm's value is important for the company because it affects its survival in the future. Many factors can affect firm value, such as disclosure and management of the capital structure. Disclosure is made to provide information to the public about the company, one of which is the disclosure of Corporate Social Responsibility (CSR) as a form of responsibility in terms of economic, environmental and social aspects. Capital structure management is carried out to achieve a balance between liabilities and equity to maximize the firm's value. This study examines the effect (CSR) and capital structure on firm value with firm size and profitability as moderators. The test was carried out on mining sector companies listed on the Indonesia Stock Exchange (IDX) from 2017 to 2019. This research is quantitative associative research with multiple linear regression and moderated linear regression with CSR and capital structure as independent variables and firm value as the dependent variable while the moderating variables are firm size and profitability. This study indicates that CSR has no effect on firm value, capital structure has a significant effect on firm value. Firm size and profitability cannot be a moderator of the influence of CSR and capital structure on firm value. This research implies that CSR disclosure has not been considered in making investment decisions and a large debt composition can reduce firm value.

The Impact Of CSR, Institutional Ownership, Tax Avoidance, And Leverage On Firm Value That Moderated By Profitability

“…Based on the results of the study, it shows that the Debt to Equity Ratio affects the Company Value in Property, Real Estate, and Building Construction companies. this is supported by research conducted by Rasyid et al (2022) andM. Sari et al (2020) and does not support the research of Assa et al (2021).…”

“…This ratio can be sought by comparing all debt with all equity. On research Rasyid et al (2022) found that DER has an influence on Corporate Value as well as on research M. Sari et al (2020) obtaining that DER also affects Company Value.…”

Disclosing Corporate Social Responsibility Affects Company Value: Profitability as Moderating Variable

“…This study agrees with earlier studies. Due to the high investment costs associated with reporting CSR, which lowers the operational performance value of the company, Nur (2021) and Rasyid et al (2022) concluded that there is no correlation between CSR disclosure and company value in Indonesian mining companies.…”

Determinan Manajemen Laba melalui Struktur Kepemilikan, Pertumbuhan Penjualan dan Leverage

“…Journal of Management and Bussines (JOMB) 5 ( 2) 1344-1359 kecil, bisnis biasanya membutuhkan lebih banyak dana. Saham baru dapat diterbitkan atau hutang dapat dinaikkan untuk meningkatkan modal tambahan (Rasyid et al, 2022). Kuantitas aset yang dimiliki perusahaan, jumlah pendapatan yang dihasilkannya, dan daya jualnya semuanya dapat digunakan untuk menghitung ukuran perusahaan.…”