Analisis Nilai Perusahaan Dengan CSR Sebagai Pemoderasi
DOI:
https://doi.org/10.26714/uwc.v8.461-474.2025Kata Kunci:
profitabilitas, leverage, kepemilikan manajerial, CSR, nilai perusahaanAbstrak
Latar belakang: Profitabilitas menggambarkan keahlian industri dalam menciptakan laba sepanjang periode tertentu. Tingkatan profitabilitas yang besar mencerminkan keadaan keuangan yang sehat serta kinerja operasional yang baik, sehingga berkontribusi pada kenaikan nilai industri Laba bersih yang besar jadi penanda kalau industri sanggup mengelola sumber dayanya secara efisien yang pada kesimpulannya tingkatkan energi tarik untuk investor buat menanamkan modalnya. Penelitian ini bertujuan untuk menganalisis dan menguji terkait pengaruh profitabilitas, leverage dan kepemilikan manjerial pada nilai perusahaan dengan variabel moderasinya yaitu CSR. Metode: Populasi yang digunakan pada penelitian ini yaitu keseluruhan perusahaan manufaktur pada sektor industri barang konsumsi yang telah terdaftar di BEI periode tahun 2021-2024. Metode pengambilan sampel yang digunakan pada penelitian ini yaitu menggunakan teknik purposive sampling. Hasil: Profitabilitas, leverage, dan kepemilikan manajerial mempunyai pengaruh positif pada nilai perusahaan. Kesimpulan: CSR mampu memperkuat pengaruh dari profitabilitas terhadap nilai perusahaan, akan tetapi CSR memperlemah pengaruh leverage terhadap nilai perusahaan. CSR tidak mampu memoderasi pengaruh kepemilikan manajerial terhadap nilai perusahaan.
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Abstract
Background: Profitability reflects an industry's ability to generate profits over a specific period. A high level of profitability reflects a healthy financial condition and good operational performance, thus contributing to an increase in industry value. A high net profit indicates that an industry can manage its resources efficiently, which ultimately increases investor attractiveness. This study aims to analyze and test the effect of profitability, leverage, and managerial ownership on firm value, with CSR as a moderating variable. Method: The population used in this study is all manufacturing companies in the consumer goods industry sector listed on the Indonesia Stock Exchange (IDX) for the period 2021-2024. The sampling method used in this study was a purposive sampling technique. Results: Profitability, leverage, and managerial ownership have a positive effect on firm value. Conclusion: CSR can strengthen the effect of profitability on firm value, but CSR weakens the effect of leverage on firm value. CSR is unable to moderate the effect of managerial ownership on firm value.
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