Managerial ownership and firm value: The role of corporate social responsibility

Luluk M. Ifada (Department of Accounting, Universitas Islam Sultan Agung, Semarang, Indonesia)
Khoirul Fuad (Department of Accounting, Universitas Islam Sultan Agung, Semarang, Indonesia)
Lisa Kartikasari (Department of Accounting, Universitas Islam Sultan Agung, Semarang, Indonesia)

Jurnal Akuntansi & Auditing Indonesia
Vol 25, No 2 (2021)

This study examines the effect of managerial ownership on firm value with corporate social responsibility disclosure as a mediating variable. The population in this study are companies listed on the Indonesia Stock Exchange (IDX) and listed as LQ45 from 2017 to 2019. This study used a purposive sampling technique and 28 companies with a research period of 3 years, so that 84 samples were obtained. The data analysis techniques of this study used multiple linear regression analysis and statistical hypothesis testing with SPSS. The results show that managerial ownership has a positive effect on firm value. Furthermore, managerial ownership has a positive effect on Corporate Social Responsibility. Meanwhile, Corporate Social Responsibility has a positive effect on firm value.