Pengaruh Corporate Social Responsibility Terhadap Nilai Perusahaan dengan Ukuran Perusahaan sebagai Variabel Moderasi
DOI:
https://doi.org/10.22219/jaa.v6i3.27236Keywords:
Company Size, Company Value, Corporate Social ResponsibilityAbstract
Purpose: Firm value is business performance as indicated by stock price, which reflects how investors perceive business success. This study aims to determine the effect of corporate social responsibility (CSR) on company value in energy sector companies listed on the Indonesia Stock Exchange in 2018-2021 both simultaneously and partially by using company size as a moderating variable.
Methodology/Approach: Energy sector companies listed on the Indonesia Stock Exchange from 2018 to 2021 are the main subjects of this research. Sampling using purposive sampling technique, resulting in 10 companies and 40 total data. The method used is panel data regression analysis and moderating regression analysis. Data processing was carried out using Eviews 12 software.
Findings: The results of this study indicated that simultaneously, corporate social responsibility and company size have a significant influence on firm value. However, when analyzed partially, corporate social responsibility does not have a significant effect on firm value. On the other hand, company size partially affects firm value. Even so, company size does not act as a moderator between corporate social responsibility and corporate value.
Practical and Theoretical Contribution/Originality: However, in describing the value of energy sector companies listed on the Indonesia Stock Exchange from 2018 to 2021, CSR and company size have a strength of 85%.
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