PENGARUH KINERJA KEUANGAN TERHADAP NILAI PERUSAHAAN DENGAN PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY SEBAGAI VARIABEL MODERASI

Abstract

This research aimed to examine the effect of firm characteristics, which were reffered to Return On Asset, andFirm Size on the firm value which was reffered to Tobin’s Q with the implementations of Corporate Social responsibility (CSR) as moderate variable of Real Estate, Property, and Building Constructions Companies. The populations were some companies, i.e Real Estate, Property, and Building Construction which were listed on Indonesia Stock Exchange 2015-2017. While,. The data collection technique used purposive sampling, in which based on criteria given there were 129 companies as sample. Moreover, the variable were Return On Asset, Firm Size, Firm Value and Corporate Social Responsibility. In addition the data analysis technique used multiple linier Regression with SPSS (Statistical Product and Service Solutions). The Research result concluded ROA had Significant effect on firm value with significance 0.034. While, the firm size had insignificant effect on its value with significance 0.756. Moreover, The analyze of moderated variable with Moderated Regression Analysis (MRA) test concluded the implementation of CSR had moderated ROA and Firm Size on the Firm Value. In other words, the CSR was moderated variable.
Keywords: Return On Asset, Firm Size, Firm Value, The Implementation on Corporate Social Responsibility