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Journal : Jurnal Manajemen

Do Financial Performance And Firm Value Can Improve Corporate Responsibility Disclosure? Dini Wahjoe Hapsari, Willy Sri Yuliandhari, M. Fadel Variza
Jurnal Manajemen Vol. 23 No. 1 (2019): February 2019
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jm.v23i1.456

Abstract

The aims of this research are to find out how the effect of financial performance is proxied by ROA and ROE on the firm value which is proxied by Tobin's Q with CSR that is proxied by cost allocation as moderating the plantation sub-sector listed on the Indonesia Stock Exchange for the period of 2013-2016. This research will seek the causes of whether CSR data allocation is able to strengthen or weaken the influence of financial performance on firm value. The sampling technique used was purposive sampling, and eight companies were selected as samples of plantations with a four-year research period to obtain 32 sample units. The analytical method used is descriptive statistical testing, panel data regression analysis and moderated regression analysis (MRA) using e-views software 9.0 versions. Based on the result of the test, the financial performance variables that are proxied by ROA and ROE partially and simultaneously have a significant positive effect on firm value. While the MRA showed that CSR weakens the relationship between financial performance and company value. Based on the result that the companies and investors need to pay attention to the composition of financial performance and disclosure of corporate social responsibility, hence the investor is able to minimize the risks that will be borne when investing their capital.
Co-Authors AGUSTIN, Febri Diany Agustya, Fanisa Putri Ajeng Luthfiyatul Farida Alrasyid, Arifah Hilmi Amirah, Putri Rahayu Anggaresti, Kinanthi Sekar Annisa Nurbaiti Ardan Gani Asalam BALDA, Safira Damayanti, Nensi Dea Khusnul Khotimah Deannes Isynuwardhana Dewa P. K Mahardika Dhita Aira Juniantika Dudi Pratomo Dwi Fitrizal Salim Eka Aprillian Elly Suryani Faqih, Muhammad Iqbal Maulana Farida Titik Kristanti Feyzar Alif Akbar Fiarniah, Dini FIRMANSYAH, Irvan Wahyu Fithri, Nurul HARDIYANTI, Nadia Pramanik Haryanto Haryanto Hasibuan, Zahara Aulia Hibatulah, Rizky Pratama Irna Liani Putri Anjanni Juniantika, Dhita Aira Kartika Khairunisa Kesuma, Raegina Maria Deiva Khairani Ratnasari Siregar Khairunnisa Khairunnisa Khanasya Ismy Lutfiany Khansa, Dhiva Mutiara Krishna Kusumahadi Kurnia K Larasati, Nabila Larasati1, Nabila Margawati, Titania Pryti Maryaningsih, Rina Putri Meiska Lianty Melinda, Rayi Hana Mumtaz Jiddan Muna Norkhairunnisak Ustadi Nabila Roma Norris Napitupulu, Theovany Novita, Fahra Novy Fajriati Nurul Fithri NURUL HIDAYAH Putu Wahyudi Sinduarta Ramadhan, Muhammad Fadhil Syafiq Renaldy Febiana Rika A Susanti Rinda Dwi Utami ROSA, Abigail Ratna Rosydah, Leila Hasnah Roy Budiharjo Rr Sri Saraswati Rudi Harianto Rudi Harianto, Rudi Ruri Octari Dinata Sadewi, Shabrina Soma, Mukti Sri Rahayu Suhal Kusairi Suyanto, AMA Trihapsari, Siti Nurazizah Vennika Qashash Wahyu Eka Kiswardani Wiwin Aminah Yasmin, Najlaa Nabilah Yazid, Hanif Yeni Jelita Jelita Yudhantara, Ghifari Zahraisha, Nadia Zuhra , Siti Maryam Zuhra, Siti Maryam