PENGARUH PENGUNGKAPAN CSR TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL MODERATING

Abstract

This research is aimed to examine (a) the influence of corporate social responsibility disclosure to the firm value and (b) the influence of corporate social responsibility disclosure to the firm value with profitability as the moderating variable. The data has been obtained through annual financial report which has been prepared by the manufacturing companies which are listed in Indonesia Stock Exchange. This research has been done by using secondary data and the samples in this research are manufacturing companies on consumer goods industrial sectors which are listed in Indonesia Stock Exchange (IDX) in 2011-2015 periods. The samples are 16 companies with 80 observations. The data analysis has been carried out by using multiple linear regressions analysis and moderated regression analysis. The result of the research shows that corporate social responsibility disclosure gives significant and positive influence to the firm value. Profitability as the moderating variable can strengthen the correlation of corporate social responsibility to the firm value.
Keywords: corporate social responsibility, profitability, firm value.