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Pengaruh Good Corporate Governance, Corporate Social Responsibility, dan Media Exposure Terhadap Nilai Perusahaan dengan Stakeholder Engagement Sebagai Variabel Moderasi pada PT Pertamina Patra Niaga Mor VII Sulawesi Oktafiany, Hikma; Hala, Yusriadi; Ishak, Ishak
HORIZON: Indonesian Journal of Multidisciplinary Vol. 4 No. 5 (2026): HORIZON: Indonesian Journal of Multidisciplinary (In-Press)
Publisher : Lembaga Intelektual Muda (LIM) Maluku

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54373/hijm.v4i5.7621

Abstract

This study aims to analyze the influence of Good Corporate Governance (GCG), Corporate Social Responsibility (CSR), and Media Exposure on firm value, as well as to examine the role of Stakeholder Engagement as a moderating variable at PT Pertamina Patra Niaga MOR VII Sulawesi. The study employs a quantitative approach using primary data collected via questionnaires distributed to 150 employees. Data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) with the aid of SmartPLS. The analysis results indicate that GCG has a positive and significant effect on firm value ($p < 0.001$), as do CSR ($p = 0.004$) and Media Exposure ($p = 0.004$). Moderation analysis reveals that Stakeholder Engagement strengthens the relationship of GCG with firm value ($p = 0.006$), CSR with firm value ($p = 0.010$), and Media Exposure with firm value ($p = 0.036$). Consequently, all hypotheses tested received empirical support based on the significance test results. These findings underscore the relevance of stakeholder engagement in the relationships among corporate governance, social responsibility, media exposure, and firm value within the organizational context studied