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The Influence of Firm Size, Leverage, and Corporate Social Responsibility on Firm Value (in Processed Food Sub-Sector Companies Listed on the IDX in the 2020-2024 Period) Shanda Amarissa Purnomo; Rawi
International Journal of Business, Economics, and Social Development Vol. 7 No. 3 (2026): International Journal of Business, Economics, and Social Development (IJBESD)
Publisher : Rescollacom (Research Collaborations Community)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v7i3.1275

Abstract

This study aims to analyze the effect of firm size, leverage, and corporate social responsibility (CSR) on firm value in processed food sub-sector companies listed on the Indonesia Stock Exchange during 2020–2024. The research is motivated by fluctuations in firm value during the transition from the pandemic to the post-pandemic period. This study employs a quantitative approach with a causal associative design. The population consists of all processed food companies listed on the IDX, with purposive sampling resulting in 17 companies and 74 observations. Secondary data were obtained from annual reports and sustainability reports. Data analysis was conducted using multiple linear regression with SPSS. The results indicate that firm size has a positive but insignificant effect on firm value. Leverage also shows a positive but insignificant effect. Meanwhile, CSR has a significant negative effect and becomes the most dominant variable. Simultaneously, all independent variables explain 16.5% of the variation in firm value. The remaining variation is influenced by other factors outside the model.
Firm Value: Profitability, Leverage, and Firm Size with Corporate Social Responsibility (CSR) as A Moderating Variable Elsa Monica; Wyndha Zahra Desanti; Rawi
International Journal of Business, Economics, and Social Development Vol. 6 No. 3 (2025): International Journal of Business, Economics, and Social Development (IJBESD)
Publisher : Rescollacom (Research Collaborations Community)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v6i3.986

Abstract

This study aims to examine the effect of Profitability, Leverage, and Firm Size on Firm Value with Corporate Social Responsibility (CSR) as a moderating variable. In the era of globalization and increasing competition, companies are not only expected to achieve financial gains but also to take broader social and environmental responsibilities into account. The sample used in this study consists of 100 companies listed on the LQ45 Index of the Indonesia Stock Exchange during the 2020 to 2023 period.The analytical method used in this research is multiple linear regression analysis with a moderating approach. The findings indicate that Profitability and Firm Size have a positive effect on Firm Value, while Leverage has a negative effect. Furthermore, Corporate Social Responsibility (CSR) is proven to function as a moderating variable that strengthens the influence of Profitability, Leverage, and Firm Size on Firm Value. These results provide valuable insights for company management in optimizing firm value through effective management of Profitability, Leverage, Firm Size, and CSR. This study is expected to make a significant contribution to the development of corporate finance literature and serve as a useful guide for investors in making investment decisions.