Article Per Year (5 Year)
p-Index From 2021 - 2026
0.947
P-Index
This Author published in this journals
All Journal Jurnal Ilmiah Mahasiswa Ekonomi Akuntansi Jurnal Perspektif Ekonomi Darussalam Share: Jurnal Ekonomi dan Keuangan Islam Jurnal ABDIMAS Budi Darma Media Riset Akuntansi Auditing & Informasi Journal of Accounting Research, Organization and Economics (JAROE) Bulletin of Social Studies and Community Development
Muhammad Arfan
Universitas Syiah Kuala
Religion Agriculture, Biological Sciences & Forestry Automotive Engineering Civil Engineering, Building, Construction & Architecture Computer Science & IT Control & Systems Engineering Decision Sciences, Operations Research & Management Earth & Planetary Sciences Economics, Econometrics & Finance Electrical & Electronics Engineering Environmental Science Industrial & Manufacturing Engineering Materials Science & Nanotechnology Mathematics Mechanical Engineering Social Sciences Other

Published : 11 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 11 Documents
Search

 1   2 
Does CSR Disclosure Play a Role in Moderating the Effects of Profitability and Free Cash Flow on Firm Value? Hafizatun Nufus; Muhammad Arfan; Mulia Saputra
Bulletin of Social Studies and Community Development Vol 5, No 3 (2026): Bulletin of Social Studies and Community Development
Publisher : Institute of Multidisciplinary Research and Community Service

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61436/bsscd/v5i3.pp121-132

Abstract

This study aims to examine the role of CSR disclosure in moderating the effects of profitability and free cash flow on firm value among companies in the consumer cyclical sector listed on the Indonesia Stock Exchange (IDX) during the 2021–2023 period. The sample was selected using purposive sampling, comprising 39 companies and 117 observations over 3 years (2021–2023). This study employs a quantitative approach using secondary data sourced from annual financial statements and sustainability reports. The data were analyzed using a fixed-effects model and moderated regression analysis. The results indicate that profitability has no effect, whereas free cash flow has a negative effect on firm value. Furthermore, CSR disclosure does not moderate the effect of profitability; however, it does moderate the effect of free cash flow by weakening its negative impact on firm value. Thus, it can be concluded that CSR disclosure does not play a role in moderating the effect of profitability on firm value. However, it does play a role in moderating the negative effect of free cash flow on firm value. These findings suggest that investors will hold a negative perception of companies with high levels of free cash flow; however, this negative perception will diminish when the company discloses a high level of CSR. Keywords: Firm value, Profitability, Free cash flow, CSR disclosure, Consumer cyclicals.
Co-Authors Agus saputra aliamin aliamin Alistraja Dison Silalahi Ardani Musa Dana Siswar., Evi Iskandar, Darwanis, Dara Amelia Darwanis Darwanis Elya Dhama Yanthi Faisal, Faisal Hafizatun Nufus Hasan Basri Heny Rofizar Irsya Dunnas Johan Wahyudi Lilis Maryasih, Lilis Mulia Saputra Neni Zahara Nuraini A Sri Diana Rezeki SYUKRIY ABDULLAH Yuni Shara