PENGARUH PENGUNGKAPAN CSR TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL MODERATING

Abstract

This research is aimed to find out the influence of CSR disclosure to the firm value with profitability as the
moderating variable. The research samplesare 20 LQ-45 companies which are listed in IDX and the numbers of
observations are 60 and these companies have been selected by using bpurposive sampling. The data analysis has
been carried out by using multiple regressions analysis and independent variables CSR and the moderating variables
are ROA, ROE, NPM. The result of the research shows that the CSR give positive influenceto the firm value. The
ROA isunable to moderate the correlation between CSR and firm value. Meanwhile ROE and NPM is able to
moderate the correlation between CSR and firm value. It can be concluded from the result of the research that the
CSR disclosure gives positive influence to the firm value and the ROE streng thens the influence of CSR to thefirm
value whereas the NPM weaken the influence of CSR disclosure and firm value. It means that when t he level of CSR
is getting high, the firm value will getting high as well, and high ROE will strengthen the influence of CSR and firm
value.
Keywords: Corporate social responsibility, profitability, firm value