PENGARUH PROFITABILITY, LIQUIDITY DAN CAPITAL STRUCTURE TERHADAP FIRM VALUE DENGAN PEMODERASI CSR

Indah Enggar, Anny Widiasmara, Juli Juli Murwani

Abstract


This study aims to empirically examine the effect of Profitability, Liquidity and capital structure on firm value with Corporate Social Responsibility (CSR) as a moderating variable. The population in this study were 75 consumer goods sub-sector companies listed on the IDX for 2018-2022. The sample of this research was obtained by 30 companies using purposive sampling. The method used in this study is a quantitative method with secondary data obtained from the annual report and obtained from the official website www.idx.com, while the data analysis tool uses SPSS 21. Data analysis uses multiple linear regression, classical assumption test, hypothesis test (t test) and Moderate Regression Analysis (MRA). The results of this study indicate that the profitability variable partially influences firm value, with a significant value of 0.02 (ROA). Liquidity partially affects firm value, with a significant value of 0.010 (CR) and the variable capital structure affects firm value with a significant value of 0.23 (DER). For the CSR moderating variable as measured by PBV, it shows that CSR is not able to moderate profitability and liquidity on firm value. CSR is only able to moderate the capital structure variable on firm value.

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References


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