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Journal : EL-MUHASABA

PROFITABILITY, CAPITAL STRUCTURE AND ALLOCATION OF CORPORATE SOCIAL RESPONSIBILITY (CSR) FUNDS TO CORPORATE VALUES IN BASIC INDUSTRIAL AND CHEMICAL INDUSTRY COMPANIES IN INDONESIA Yuliana, Indah
EL MUHASABA: Jurnal Akuntansi (e-Journal) Vol 10, No 2 (2019): El Muhasaba
Publisher : Jurusan Akuntansi Fakultas Ekonomi Universitas Islam Negeri Maulana Malik Ibrahim Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18860/em.v10i2.6750

Abstract

Business organizations have the goal of maximizing company value. The era of new developments in management and corporate management shifts efforts to build value based on stakeholder-based strategies, namely to build the value of the company while taking into account and paying attention to stakeholder interests in the framework of achieving company goals. The legitimacy of the company in the eyes of stakeholders can be done with the integrity of the implementation of ethics in doing business and increasing corporate social responsibility. The purpose of this study is (1) to analyze the effect of profitability, capital structure and CSR fund allocation on firm value, (2) to analyze the moderation of Corporate Social Responsibility budget allocation variables to the relationship of profitability and capital structure to firm value. This study uses a quantitative approach using statistical tools and hypothesis testing. The population of this study is 65 basic industrial and chemical sector companies in Indonesia which are listed on the Indonesia Stock Exchange (IDX). The sampling technique was done by purposive sampling, data analysis using multiple linear regression analysis and moderation regression. The results of the study showed (1) Profitability directly had a significant effect on firm value while the capital structure and CSR fund allocation directly did not affect the firm value (2) Allocation of CSR funds strengthened the influence of capital structure on firm value. This shows that large debt does not affect investors to keep investing in the company, only investors are interested in the allocation of corporate social responsibility funds issued by the company, so that corporate social responsibility funds can be profitable for investors.
Co-Authors A'la, Ahmad Zidni Nuuron Abadi, Ahyar abdillah, luthfi Achmad Sani Supriyanto Aerosta, Danny Kusuma Agus Indiyanto Agus Sucipto Aguscik, Aguscik Ahjah, Nur Fadhilah Ahmad Zaki Ahmaria, Siska Ainiyah, Faidatul Al-basyar, Mutawalli Mursyid Ananingsih, Esti Sri Anggraini, Juli Anggun Budiastuti Anissa Rahmawaty Anita Rahmiwati AUNUR ROFIQ Aurik Gustomo Ayub Wijayati Sapta Pradana Ayun, Ayatussholikhah Qurrota Chikmah, Ayu Lailatul Da'i, Lilik Wahyudin 'Amil Desri Maulina Sari DEWI RAHMAWATI Dewi, Annisa Sinta Dian Safriantini, Dian Dwi Inda Sari, Dwi Inda Eko Suprayitno El, Iqbal Maulana Elvi Sunarsih Etrawati, Feny Fahmi, Much. Maftuhul Fakhril Ma’ruf, Muhammad Farah Salsabila Firda, Hayyu Faruq, Muhammad Al Fatmalina Febry Fatoni, Hamdan Arif Fatria Harwanto Febri, Fatmalina Febriansyah Febriansyah Fenny Etrawati Feranita Utama Feri Dwi Riyanto Fikriyah, Nabillah Fauziatul Fitriah, Aida Fitriani Fitriyah, Alfiyatul Flora, Rostika Guntur Kusuma Wardana Hamzah Hasyim Herpandi . Ilfi Nur Diana Imtihan, Imtihan Indah Purnama Sari Indah Purnamasari Indahsari, Siti Rachmi Indri Kartika, Indri Intan Dewi Ira Dewi Ramadhani Irawan, Purna Karuniati, Annisa Fadhila Kasih, Riski Sintia Kholilah khusnul khotimah Kiki Sulaningsi Kurniati, Heni Kustiningsih, Nanik Larasati, Elta Lifia Linando, Jaya Addin Lionita, Widya M, Abd Jalil Mahara, Tasni Maretha Ika Prajawati Masyani, Masyani Masyhuri Masyhuri Maulana, Fawzi Achmad Maya Indriastuti Meylinda, Jovita Octa Miko, Helmi Tuah Miranda, Aldi Muhammad Yusuf Murniati, Nely Nabilah, Defa Nuzul Najib Putri, Rosidatul Halim Najihah, Naila Nanik Wahyuni ‎ Nauli, Marliana Theresa Ningsih, Windi Indah Fajar Nirwana, Siti Niswa, Harisatun Nur Alam Fajar Nur Asnawi Nurul Ifadhoh, Nurul Octaviana, Sinta Pradanimas, Aqilla Prajawati, Maretha Prautami, Erike Septa Purwansyah, Fetiah Dwi Rahmatillah Razak, Rahmatillah Ramadhan, Masri Ramdika, Sari Bema Razak, Rahmatiilah Rini Safitri Rino Sardanto Risnawati Tanjung Rochimah, Ainun Rohmah, Rodyah Awallul Rostika Flora Sabri Sabri Saci, Muhammad Amin Arigo Saddiah, Khalimatu Safitri, Melania Galih Salinawati, Salinawati Salsabila, Salsabila Saputri, Eka Ariani Saris, Relani Simahbengi Saroyah, Savinatus Siti Masriyah Sri Martini Sri Mulyani Sri Rahayu, Yayuk Sudarmanto, Eko Suhendra, Ahmad Adi Syabaniah, Rani Syahidin Syahidin, Syahidin Ubaidillah, M. Alfan Ummah, Dewi Roichatul Vivin Maharani Ekowati Wakit, Saipul Wandi, Fitra Wibowo, Muchammad Arie Wijayanti, Erin Yayuk Sri Rahayu Yeubun, Shimah Fauziah Yuliarti Yuliarti Yuliarti Yuniara, Ridha Yuniarti Hidayah Suyoso Putra Yustyarani, Windie Yusuf, Mirna Yusuf, Sitti Rabiah Zulkarnain, Mohammad