PENGARUH CORPORATE SOCIAL RESPONSIBILITY, KEPUTUSAN PENDANAAN DAN LIKUIDITAS TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of Corporate Social Responsibility, funding decisions, and liquidity on the firm value. The calculation of corporate social responsibility conducted with scoring to each disclosure intens. While funding decisions were measured by Debt to Equity Ratio (DER), and liquidity was measured by Current Ratio (CR). Meanwhile, the firm value was measured by Price to Book Value (PBV). The research was quantitative. Moreover, the population was Telecommunication sub-sector companies listed on the Indonesia Stock Exchange (IDX). The data collection technique used purposive sampling i.e., a sample selection based on determined criteria. In line with that, there were 14 companies as the sample. Furthermore, the data were taken for 5 years (2017-2021). In total, there were 70 data observations. Additionally, the data were secondary in a form of annual reports. The data analysis technique used multiple linear regressions with SPSS 26 version. The result showed that both corporate social responsibility and liquidity did not affect the firm value. On the other hand, the funding decisions had a positive effect on the firm value.