Pengaruh Corporate Social Responsibility dan Kinerja pada Nilai Perusahaan dengan Kepemilikan Asing sebagai Variabel Moderasi

Abstrak

ABSTRACT

Firm value is a long-term goal of the company. Managers are required to make decisions taking into account the interests of all stakeholders. Companies need to pay attention to the factors that affect the firm value. The purpose of this study is to determine the effect of corporate social responsibility disclosure and financial performance on the firm value with foreign ownership as a moderation variable. The research object used is a manufacturing company registered in 2014-2016. The sample of research taken with nonprobability sampling method is 30 companies. Moderated Regression Analysis (MRA) is used to obtain the results of data analysis. The results obtained are corporate social responsibility disclosure positively affects the firm value. Financial performance has no effect on firm value. Foreign ownership weakens the effect of corporate social responsibility disclosure on firm value. Foreign ownership does not moderated the effect of financial performance on firm value.

Keyword: corporate social responsibility disclosure, foreign ownership, financial performance, firm value