The Role of Corporate Social Responsibility on the Relationship between Financial Performance and Company Value

• 발행기관: 한국유통과학회
• 저자명: Elok Sri UTAMI Muhamad HASAN
• 간행물 정보: 『The Journal of Asian Finance, Economics and Business(JAFEB)』Vol. 8 No.3, 1249~1256쪽, 전체 8쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2021.03.30

영문 초록

This study investigates the company value determinant by observing the effect of financial performance and Corporate Social Responsibility (CSR) and its role in moderating performance achievement. The macro-economy variables such as inflation and interest rate are also used as the controlling variable. This research employs the sample of manufacturing companies of the food and beverage sub-sector listed on the Indonesia Stock Exchange. This study used panel data from 2013 to 2017, with the moderating regression analysis. The result shows that the profitability of the current or previous period affects the company’s value. CSR and company size affect the company value at the next period shows that stock price, which reflects the investor’s perception today, will be affected by the CSR, Size, and Return On Asset of the previous year. CSR also shows that it can be the substitute for profitability since a company that performs CSR is the one that has a good performance. The regression moderating model and the profitability of the previous period have a higher explanatory power than the higher R square value in explaining company value.

목차

1. Introduction

2. Literature Review and Hypotheses

3. Research Methods and Samples

4. Results and Discussion

5. Conclusion

References

키워드

Company Value Financial Performance Corporate Social Responsibility