Pengaruh Corporate Social Responsibility dan Kinerja Keuangan Terhadap Nilai Perusahaan

Abstract

This study purpose to empirically examine the effect of Corporate Social Responsibility (CSR) and Financial Performance on Firm Value. Company value is an assessment of public trust in a company which is reflected in the stock price. The higher the value of the company, the level of prosperity of shareholders also increases. Company value is measured using Tobin's Q, CSR is measured using content analysis, and ROA measures financial performance. Using the purposive sampling method, the research sample is manufacturing companies listed on the Indonesia Stock Exchange from 2018-2021. The results of the study indicate that CSR and Financial Performance have a positive effect on firm value.

The Effect of ESG Disclosure, Manager Qualification and Workplace Safety on Firm Value with Firm Size and Financial Leverage as Control Variables In Manufacturing Companies Listed on the Indonesia Stock Exchange year 2020-2022

“…In this study, the technique employed for hypothesis testing and validation is a multiple regression model, facilitated by statistical software and service solutions [17]. The study model is encapsulated within the following equation: Q = α + β1ESG disclosure + β2MQ + β3WS + β4FS + β5FL + e Explanation: Q = Firm value measured by Tobin's Q; α = Intercept coefficient; β1-4 = Coefficients for each independent variable; ESG disclosure = Environment Social Governance disclosure measured by GRI Standards; MQ = Manager qualification measured by dummy variable 2 = accounting/business education background and 1 = for others; WS = Workpalce safety measured by Injury Frequency Ratio (IFR); FS = Firm size measured by Ln Total Asset; FL = Firm leverage calculated by dividing total liabilities by total assets; e = error.…”

“…ESG disclosure is a new measurement method in corporate voluntary information disclosure, which is usually CSR reporting in a stand-alone annual report, sustainability reporting and then continued with integrated reporting [17].…”

“…If the stock price increases, the company's market value will also increase. Tobin's Q according to [17] explains that company value is a combination of tangible and intangible assets, debt and capital. The calculation of Tobin's Q is done through the division of the company's stock market value and the difference between total assets and total debt.…”

The Effect of Profitability on Firm Value Moderated by Dividend Policy (Empirical Study of IDX High Dividend Companies 20 Years 2019-2021)

“…High Dividend 20 keuntungan secara maksimal dengan pendayagunaan sumber daya yang dimiliki, selain itu meningkatnya nilai dari perusahaan merupakan fokus utama pendirian suatu perusahaan (Nurhayati & Kartika, 2020). Nilai perusahaan dapat diwujudkan ketika manajemen mampu mempertahankan kinerja perusahaannya konsisten baik (Pramono dkk., 2022). Nilai perusahaan menggambarkan seberapa efektif perusahaan menciptakan kesejahteraan bagi investor dan terkait dengan harga saham sebagai acuan pertimbangan perusahaan dalam pengambilan keputusan (Febiyanti & Anwar, 2022).…”

The Role of Managerial Ownership as a Moderation of Financial Performance on Firm Value in the Covid-19 Era

“…Financial performance is the main factor in assessing a company because the company's main direction is profit. This makes financial performance an indicator for assessing a company's financial position by measuring its ability to generate profits (Pramono et al, 2022). Financial performance is measured using data derived from financial reports.…”