PENGARUH PERTUMBUHAN LABA, KINERJA KEUANGAN TERHADAP NILAI PERUSAHAAN DIMODERASI CORPORATE SOCIAL RESPONSIBILITY

Abstract

This research aimed to examine the effect of profits growth and financial performance on the firm value, which was moderated by Corporate Social Responsibilty (CSR). The population was consumer goods manufacturing companies which were listed on Indonesia Stock Exhange 20l3-2017. While, there were 18 companies which were collected as sample using purposive sampling. Moreover, the data analysis technique used Moderated Regression Analysis (MRA). Based on T test, it concluded as follows: (1) the profits growth did not effect on the firm value; (2) the liquidity had positive effect on the firm value; (3) the leverage did not effect on the firm value. While, based on Moderated Regression Analysis (MRA), the corporate social Responsibility (CSR), it concluded as follows: (4) the profits growth, which was moderated by CSR, had negative but significant effect on the firm value; (5) CSR could not moderate the effect of Iiquidity on the firm value; (6) Besides, CSR could not moderate the effect of leverage on the firm value In other words, the investors needed to consider the implementation of CSR before deciding to invest.
Keywords: profits growth, financial performance, firm value, corporate social responsibility.