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Effect of Corporate Social Responsibility Disclosure and Capital Structure on Company Value with Profitability as a Moderating Variable A. Riska Amelia Idris; Fahrina Mustafa
Jurnal Informatika Ekonomi Bisnis Vol. 8, No. 2 (June 2026)
Publisher : SAFE-Network

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37034/infeb.v8i2.1430

Abstract

This study aims to analyze the influence of Corporate Social Responsibility and capital structure on firm value, with profitability as a moderating variable, in companies in the Property and Real Estate subsector listed on the Indonesia Stock Exchange for the 2019–2023 period. This study employed a quantitative approach with secondary data obtained from company financial reports. Purposive sampling was used to select 16 companies with a total of 75 observations after removing outliers. Data analysis was performed using multiple linear regression and Moderated Regression Analysis using SPSS. The results indicate that CSR has a negative and significant effect on firm value, while capital structure has a positive and significant effect. Furthermore, profitability has been shown to strengthen the influence of CSR on firm value, but it cannot moderate the effect of capital structure on firm value. The findings of this study indicate that investors still view CSR activities as a cost burden if not balanced by a high level of profitability. Meanwhile, an optimal capital structure can increase firm value because it provides investors with confidence in the company's ability to manage funding sources effectively.
Effect of Corporate Social Responsibility Disclosure and Capital Structure on Company Value with Profitability as a Moderating Variable A. Riska Amelia Idris; Fahrina Mustafa
Jurnal Informatika Ekonomi Bisnis Vol. 8, No. 2 (June 2026)
Publisher : SAFE-Network

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37034/infeb.v8i2.1430

Abstract

This study aims to analyze the influence of Corporate Social Responsibility and capital structure on firm value, with profitability as a moderating variable, in companies in the Property and Real Estate subsector listed on the Indonesia Stock Exchange for the 2019–2023 period. This study employed a quantitative approach with secondary data obtained from company financial reports. Purposive sampling was used to select 16 companies with a total of 75 observations after removing outliers. Data analysis was performed using multiple linear regression and Moderated Regression Analysis using SPSS. The results indicate that CSR has a negative and significant effect on firm value, while capital structure has a positive and significant effect. Furthermore, profitability has been shown to strengthen the influence of CSR on firm value, but it cannot moderate the effect of capital structure on firm value. The findings of this study indicate that investors still view CSR activities as a cost burden if not balanced by a high level of profitability. Meanwhile, an optimal capital structure can increase firm value because it provides investors with confidence in the company's ability to manage funding sources effectively.
Co-Authors A. Riska Amelia Idris A.S. Parawansa, Dian Abdi Akbar Idris Abdul Razak Munir Abu Muna Almaududi Ausat Achirsyah Bahar Agustinus Suradi Ahmad Yani Aisyah Solehati Aisyah Solehati.,S.E.,M.M Akhirianto, Pas Mahyu Alfa Santoso Budiwidjojo Putra Anastasia d'Ornay Andi Khaerun Nisa Andriya Risdwiyanto Arief Nuryana Arief Yanto Rukmana Arief, Ilham Arifin Arifin Arismunandhar Sunarwia, Atdriansyah Ashoer, Muhammad Aslam, Annisa Paramaswary Ausat, Abu Muna Almaududi Ayu Ratna Wulandari Basuki Wisnu Desi Astuti desi kristanti, desi Dessy Hariyanti, NK Dewa Oka Suparwata Diah Astuti, Enny Djunaedi Djunaedi Eka Hendrayani Eka Hendrayani Elizabeth Ernawaty Usman Fildzah Shabrina Firdaus Frans Sudirjo Hamzah, Munawir Nasir Haribowo, Rio Hendy Tannady HERY PURNOMO Ibrahim, Mozart Malik Idris Saleh Ilham Ilham Ilham Ilham Imam Jayanto Imman Yusuf Sitinjak Irdiana, Sukma Isna Juwita Iwan Henri Kusnadi Iwan Henri Kusnadi Jamaluddin Majid Jeffriansyah Dwi Sahputra Amory Jefri Putri Nugraha Joko Ariawan Josef Hernawan Nudu Joseph MJ Renwarin Kadir, Nuraeni Khaerunnisa, A Khairani, Elisa Kiki Setyawati Kiki Setyawati Kraugusteeliana Kraugusteeliana Kushariyadi Kushariyadi Kushariyadi Kusnadi, Iwan Henri latief, yanuar Lubis, Alifah Lettiane Virainy Luh Komang Candra Dewi M. Ikhwan Maulana Haeruddin Magdalena Magdalena Maming, Djumidah Metris, Diksi Mohamad Trio Febriyantoro Mudasetia Mudasetia Mudasetia, Mudasetia Muh. Yushar Mustafa Muh. Yushar Mustafa Muhamad Risal Tawil Muhammad Kholil Muhammad Zakaria Muhammad Zakaria Muliyani, Nani Munawir Nasir Hamzah Musran Munizu Mustafa, Rahmat Mustafa, Riad Mutoffar, Muhamad Malik Nawiyah Nawiyah Nawiyah, Nawiyah Noviani, Lona Nurgraha SD, Widhi Nurul Fadilah Aswar Nurwijayanti Nuryana, Arief Osman, Isnawati Otto R. Payangan Palilingan, Richard Andreas Pandiangan, Bilson Parawansa, Dian Anggraece Sigit Payangan, Otto R. Primananda, Pande Gde Bagus Naya Rahman Kadir, Abdul Rahmat Mustafa Rasty Yulia Renwarin, Joseph MJ Rezky Nurbakti Riad Mustafa Riad Mustafa Ridwan Maulana, Ridwan Riesna Apramilda Riko Mersandro Permana Riyanti, Apriani Samintang Santosa, Muhammad Hery Santosa, Sonny Sari Fitri Sari, Efti Novita Sediawan, MN Lisan Setiadi, Bekti Sidjabat, Sonya Siminto Sofia Maulida Sokid, Sokid Sonny Santosa Sri Purwati Sriyanti, Andi Hikmah Dewi St Arwini Alwy Sugiarti Sugiarti Suhara, Ade Sunarso, Budi suroso, amat SUTRISNO Sutrisno, Sutrisno Syahviyar, Mirza Syamril Tikson, Shinta Dewi Sugiharti Tri Febrina Melinda Tri Susilowati Tri Yusnanto Tusriyanto Tyahya Whisnu Hendratni Violin, Vivid Vivid Violin Wahda Wahyudi Wahyuningratna, Ratu Nadya Wandanaya, Anita Bawaiqki WIjayanthi, Ida Ayu Trisna Windreis, Christ Wisnu Wardana, Yoga Fortuna Yohanes Totok Suyoto Yohanes Totok Suyoto Zakhra, Aminatus Zulfadli S