Open AccessEffect of good corporate governance and corporate social responsibility on firm value moderate by profitability
Author(s) -
Apriana Rahmawati,
Roekhudin Roekhudin,
Arum Prastiwi
Publication year - 2021
Publication title -
international journal of research in business and social science
Language(s) - English
Resource type - Journals
ISSN - 2147-4478
DOI - 10.20525/ijrbs.v10i4.1194
Subject(s) - moderation , profitability index , enterprise value , business , accounting , stock exchange , corporate social responsibility , corporate governance , value (mathematics) , variables , finance , public relations , psychology , social psychology , machine learning , political science , computer science
This research aims to investigate the effect of the role of good corporate governance and corporate social responsibility on firm value with profitability as a moderator variable. The object of this research is manufacturing companies listed in index SRIKEHATI period 2017 until 2019, while the subject is 10 companies. All variables from the research data were gathered through secondary data exactly from Indonesia Stock Exchange and the company’s website. Statistical Analysis of the research data used moderate regression analysis with significance in accordance with the output of SPSS 20. Findings indicated that managerial ownership has a positive significant effect on firm value, institutional ownership has a positive significant effect on firm value, board commissioners have a positive significant effect on firm value, and corporate social responsibility has a negative insignificant effect on firm value. Variable profitability moderates managerial ownership, institutional ownership, and corporate social responsibility on firm value but can’t moderate the board of commissioners on firm value.