DETERMINAN YANG MENGGERAKAN NILAI PERUSAHAAN PADA IDX 30 DAN FBM KLCI 2018-2019

Felicia Laiyadi, Temy Setiawan

Abstract


Firm value is the investor's perception of the success of a company which is usually associated with stock prices. The higher the value of the company, the higher the welfare of the owners and shareholders. The purpose of this study is to determine whether corporate social responsibility and profitability have an effect on firm value and whether corporate social responsibility has an effect on profitability. The population in this study were all companies registered in IDX 30 and FBM KLCI in 2018-2019, with a sampling technique using the purposive sampling method and 39 samples were obtained. The analytical method used is multiple regression analysis using SPSS 26. Based on the research conducted, the results obtained are that corporate social responsibility has no effect on firm value both in companies listed in IDX 30 and FBM KLCI, profitability has a positive effect on firm value both in companies listed in IDX 30 and FBM KLCI, and corporate social responsibility has a negative effect on the profitability of companies listed in IDX 30 and has no effect on the profitability of companies listed in FBM KLCI. The theoretical implication of this research is that higher profitability can be an indication of an increase in firm value, this is because with higher profitability, stock prices will increase which means an increase in firm value. The practical implication of this research is that the results of this study can be a reference for potential investors in determining investment decisions by considering the company's profitability.


Keywords


Firm value, Corporate social responsibility, profitability, PBV, ROA, SDGs.

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References


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