PENGARUH PROFITABILITAS, SOLVABILITAS, DAN LIKUIDITAS TERHADAP NILAI PERUSAHAAN YANG DIMODERASI CORPORATE SOCIAL RESPONSIBILITY

Abstract

This research aimed to examine the effect of profitability, solvability, and liquidity on the firm value of energy companies with CSR (Corporate Social Responsibility) as moderating variabel. Tha population was energy companoes that were listed on Indonesia Stock Exchage (IDX) from 2016-up to 2020, consisting of 40 companies. The data collection technique used purposive sampling. In line with that, tehre were 30 which were taken from companies’ annual reports. The instrument used documentation. Additionally, the data analysis technique used multiple regression. The research result concluded that profitability had a positive effect on firm value. Likewise, solvability had a positive effect on firm value. On the other hand, liquidity did not affect firm value. Moreover, the residual test result showed that the disclosure of CSR could moderate the relationship between profitability and firm value. Similarly, the residual test result showed that the disclosure of CSR could moderate the relationship between solvability and firm value. However, the residual test result showed that the disclosure of CSR could not moderate the relayionship between liquidity and firm value.