Open AccessCorporate Social Responsibility And Financial Ratio on Market Value Added
Author(s) -
Diyah Santi Hariyani,
L. H. Almira Salatnaya,
D.Dwi Mardani
Publication year - 2020
Publication title -
ilomata international journal of tax and accounting
Language(s) - English
Resource type - Journals
eISSN - 2714-9846
pISSN - 2714-9838
DOI - 10.52728/ijtc.v1i4.147
Subject(s) - corporate social responsibility , debt to equity ratio , current ratio , business , debt ratio , equity (law) , equity ratio , return on assets , earnings , market value , book value , inventory turnover , nonprobability sampling , value (mathematics) , return on equity , financial ratio , social responsibility , price–earnings ratio , asset turnover , accounting , earnings per share , debt , finance , market liquidity , statistics , profitability index , population , mathematics , law , ecology , sociology , biology , political science , demography
The purpose of this study is to empirically examine the Effect of Corporate Social Responsibility (CSR) and Financial Ratio on Market Value Added (MVA), both simultaneously and partially. This research was conducted using a sample of 33 companies winning 2016 CSR and Top CSR 2017 Appreciation by determining their samples (purposive sampling) because there were certain considerations over a period of 2 years (2015-2016).
The results of this study indicate that simultaneously the effect of CSR and Financial Ratio together does not significantly influence Market Value Added (MVA). And partially ISO9001, ISO14001, ISO26000, OHSAS18001, Current Ratio (CR), Debt to Equity Ratio (DER), Price Earnings Ratio (PER), Total Asset Turnover and Return on Sales do not significantly influence MVA. While partially only ESOP has a significant effect on MVA.