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Priviet Social Sciences Journal
Published by PRIVIETLAB
ISSN : 2798866X     EISSN : 27986314     DOI : 10.55942/pssj
PSSJ: Priviet Social Sciences Journal is an open access, monthly peer-reviewed international journal published by PRIVIETLAB. It provides an avenue to academicians, researchers, managers and others to publish their research work that contributes to the knowledge and theory of Social Sciences. PSSJ is published twelve a year. Publisher of Open Access Journals & Books designed to make it easy for worldwide researchers to discover leading-edge scientific research. Working closely with the global scientific community has been at the heart of our book and journal publishing activity. With a portfolio including journals, books, conference proceedings, we focus on Social Sciences and many more. PRIVIETLAB also publishes on behalf of other scientific organizations and represents their needs and those of their members. With worldwide impact, we support researchers, librarians and societies in their endeavours. PRIVIETLAB is an international center for supporting distinguished researchers, teachers, scholars and students who are researching various areas of Business, Science, and Technology. PRIVIETLAB wishes to provide good chances for academic and industry professionals to discuss recent progress in various areas of Business, Science, and Technology. PRIVIETLAB organizes many international conferences, symposia and workshops every year, and provides sponsor or technical support to researchers who wish to organize their own conferences and workshops.
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Search results for , issue "Vol. 2 No. 5 (2022): May 2022" : 1 Documents clear
The Effect of Financial Performance, Dividend Policy on Company Value with Corporate Social Responsibility (CSR) as A Moderating Variable: A Case Study of Manufacturing Companies on the Indonesia Stock Exchange Resty Kusumawati
Priviet Social Sciences Journal Vol. 2 No. 5 (2022): May 2022
Publisher : Privietlab

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55942/pssj.v2i5.1776

Abstract

This study restructures and synthesizes an empirical study on financial performance, dividend policy, corporate social responsibility (CSR), and firm value in Indonesian manufacturing firms listed on the Indonesia Stock Exchange. The original study was driven by the assumption that firm value is shaped not only by profitability and dividend distribution but also by how companies manage liquidity, leverage, and social responsibility in a competitive market. Using secondary data from annual reports and the Indonesian Capital Market Directory for 2007–2011, the study selected 10 manufacturing firms through purposive sampling and produced 50 firm-year observation. Firm value was proxied by Tobin’s Q; financial performance was represented by liquidity, leverage, and profitability ratios; dividend policy was measured by the dividend payout ratio; and CSR disclosure was treated as a moderating variable based on economic, environmental, and social disclosure items. The analysis combined descriptive statistics, classical assumption tests, simple regression, and moderated regression analyses. The findings show that profitability has a positive and significant effect on firm value, and dividend policy also contributes positively to firm value. In contrast, liquidity and leverage do not show significant direct effects in the simple models. CSR does not generally strengthen the relationship between financial performance and firm value, nor does it strengthen the relationship between dividend policy and firm value, although it significantly moderates the leverage–firm value relationship. Overall, the study suggests that investors in the sampled firms responded more strongly to earnings capacity and dividend signals than to CSR disclosure alone.

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