PENGARUH KINERJA KEUANGAN TERHADAP NILAI PERUSAHAAN DENGAN CORPORATE SOCIAL RESPONSIBILITY SEBAGAI PEMODERASI

Abstract

This research aimed to examine the effect of profitability, liquidity, and solvability on firm value. Besides, it also examined the effect of corporate social responsibility in moderating the effect of profitability, liquidity, and solvability on firm value. The factor would be a consideration for investors in investing their money and building relationships with companies. The population was 27 Health companies that were listed on Indonesia Stock Exchange (IDX) during 2019-2021. Moreover, the data collection technique used purposive sampling. In line with that, there were 17 companies with 51 data observations as the sample. Furthermore, the data analysis technique used Moderated Regression Analysis (MRA). According to the research result which had been analyzed and had a hypothesis test, it concluded that profitability had a positive effect on firm value. However, liquidity did not affect firm value. In contrast, solvability had a negative effect on firm value. Additionally, Corporate Social Responsibility weakened the effect of profitability on firm value. In addition, Corporate Social Responsibility could not moderate the effect of liquidity on firm value. On the other hand, Corporate Social Responsibility strengthened the effect of solvability on firm value.