INTERNATIONAL JOURNAL OF SOCIETY REVIEWS (INJOSER)
Vol. 4 No. 2 (2026): INTERNATIONAL JOURNAL OF SOCIETY REVIEWS (INJOSER)

THE EFFECT OF CORPORATE SOCIAL RESPONSIBILITY, INVESTMENT DECISIONS, AND PROFITABILITY ON FIRM VALUE(An Empirical Study of Consumer Non-Cyclicals Sector Companies Listed on the Indonesia Stock Exchange During 2020–2024)

Putu Octa Fridayanthi (Udayana University)
I Ketut Suryanawa (Udayana University)
Gusti Ayu Putu Eka Dewi Prihantari (Udayana University)



Article Info

Publish Date
08 Oct 2026

Abstract

Firm value is the outcome of a series of activities and performance achievements attained by a company. It reflects the level of public and investor confidence in the company's ability to manage its operations and create favourable future prospects. This study aims to examine the effect of corporate social responsibility (CSR), investment decisions, and profitability on the firm value of consumer non-cyclicals sector companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. This study employed a quantitative approach with an associative research design. The research sample consisted of 20 companies selected using the purposive sampling method, resulting in a total of 100 observations over five years. The data were analysed using multiple linear regression through SPSS. The results indicate that CSR and profitability have a positive and significant effect on firm value, while investment decisions have a negative and significant effect on firm value. This study implies that companies need to enhance their CSR practices and profitability to increase their firm value in the eyes of investors. Furthermore, this study contributes to the development of the literature on the factors affecting firm value and may serve as a reference for future research.

Copyrights © 2026






Journal Info

Abbrev

INJOSER

Publisher

Subject

Religion Humanities Social Sciences

Description

INTERNATIONAL JOURNAL OF SOCIETY REVIEWS (INJOSER) is a scientific journal that publishes articles in the fields of humanity, social science. Humanities include: Language and Linguistics, History, Literature, Performing Arts, Philosophy, Religion, Fine Arts. Social Science fields of Science include: ...