PENGARUH KINERJA KEUANGAN TERHADAP NILAI PERUSAHAAN DENGAN PENGUNGKAPAN CSR SEBAGAI VARIABEL MODERASI

Abstract

This research is meant to find out the influence of financial performance to the firm value which is
mediated by Corporate Social Responsibility (CSR) to the LQ45 companies which are listed in Indonesia Stock
Exchange. The research approach has been done by using quantitative and the population is all LQ45 companies
which are listed in Indonesia Stock Exchange in 2012-2015 period, the sample collection technique has been done
by using purposive sampling so 20 LQ45 companies have been selected as samples. The measurement of CSR
variable has been done by using Corporate Social Disclosure Index (CSDI), The measurement of financial
performance has been done by using Return on Assets (ROA) and The measurement of Return on Equity and
firm value has been done by using Price to Book Value (PBV). Based on the result of the hypothesis test, it can be
concluded that financial performance gives direct positive influence to the firm value and the CSR as the
moderating variable can strengthen the influence of financial performance to the firm value.
Keywords: Return on asset, return on equity, corporate social responsibility, firm value