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Journal : Jurnal Reviu Akuntansi dan Keuangan

Determinants of Firm Value: The Role of Corporate Social Responsibility as Moderation Maulidya Al Afshana, Dida; Ika Prajawati, Maretha
Jurnal Reviu Akuntansi dan Keuangan Vol. 14 No. 4 (2024): Jurnal Reviu Akuntansi dan Keuangan
Publisher : Universitas Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jrak.v14i4.36272

Abstract

Purpose: Examine and offer empirical evidence on how financial decisions, namely investment decision, funding decision, and dividend policy affect firm value, with Corporate Social Responsibility (CSR) as a moderation. Methodology/approach: This study employs quantitative research methodology alongside Moderated Regression Analysis (MRA) method using SPSS analysis tool. Data used are financial reports and sustainability reports. Population for this research is manufacturing firms operating in primary consumer goods sector within beverage and processed food industry that are publicly listed on the Indonesia Stock Exchange (BEI) during period 2021 to 2023 with a total of 42 firms. Sampling involved purposive sampling, resulting in a sample of 6 firms. Findings: Results of this research reveal that investment decision and funding decision positively impact firm value significantly, whereas dividend policy doesn’t demonstrate any influence on firm value. CSR is unable to moderate the relationship between how investment decision, funding decision, and dividend policy on firm value. Practical implications: This research provides benefits for new knowledge in the field of management, especially financial management in the application of scientific studies related to investment decisions, funding decisions, dividend policies and company value and can be a guide and consideration for companies in making decisions so they can maximize company value. Originality/value: This research uses Corporate Social Responsibility (CSR) as a moderating variable which is measured by CSRDI.
Co-Authors Abdullah Afif Abdullah Afif Adhawiyah, Robiatul Agus Indiyanto Agustine, Siti Revina Amaliatul Khasanah Ana Maghfirah Badrus Sholeh Bagaskara, Doni Yusuf Basir S Basir S. Bumulo, Frahmawati Burhani, Ahmad Furqon Choirul Rozi Damayanti, Alvina Devika, Ferdiya Devika, Ferdiya Didik Wahyudi Doni Yusuf Bagaskara Doni Yusuf Bagaskara Dwi Susanti Dzakirah, Nadiva Eko Suprayitno Esy Nur Aisyah Esy Nur Aisyah Fani Firmansyah Fani Firmansyah Febi Suprobo Fina Rosyada Firdian, Rieza Fitriyah Fitriyah Hana Rosita Nury Hidayat, Narulita Alfiah Nurrizky Hulaila, Aini Idhofi Khusna Baihaqqi Indah Yuliana Kharisma Salsabila Kumalasari, Putri Lambertus P Wairisal Laylatul Fauziyah Lestari, Nimas Dewi Liana Nurul Afifah Lutfiatul Inayah Maghfirah, Ana Mahbubah, Aisy Nafisatul Maulidya Al Afshana, Dida Mayasari, Nur Aulia Keysha Mega Noerman Ningtyas Misbahul Munir Misbahul Munir Mochamad Riski Fajar Kurniawan Muis, Ikhza Syafa Nadira Hujahturrohmah Al Khanza Nashih, Muhammad Nia Zairotul Ma'rifah Niam, Siti Khozinatun Ningtyas, Mega Pratiwi, Novita Rahayu Pribadi, Dandi Tegas Prista, Alexchandra Nurfadila Puji Endah Purnamasari Puspitarini, Natasya Putri, Afifah Rahmawati Sugondo Eka Qanita, Ariza Risalatul Mu’awanah Rizka Nur Adila Maulida Rohmadi Rohmadi Rohmadi Rohmadi Rohmadi Romi Maulid Azhari Rossya fina Rohmaturrohmania S, Basir S, Basir Sagena, Basir Sahrian Putra*, Muhammad Rafli Salim Al Idrus Setiani Setiani Setiani, Setiani Setya Pradhana, Moch Aldi Slamet . Suryaningtiyas Surya Pratiwi Suyuti, Mufit Wahyu Febri Ramadhan Sudirman Yuliati - Yusuf, Mirna