PENGARUH KINERJA KEUANGAN DAN CORPORATE SOCIAL RESPONSIBILITY (CSR) TERHADAP NILAI PERUSAHAAN PADA PT SEMEN INDONESIA (PERSERO) TBK PERIODE 2014–2019

Authors

  • Rahayu Putri Atmaja Universitas Widyagama Malang
  • Sopanah Universitas Widyagama Malang
  • Dwi Anggarani Universitas Widyagama Malang

Keywords:

Financial Performance, Corporate Social Responsibility (CSR), Company Value

Abstract

This study aims to determine the effect of liquidity, solvency, profitability and corporate social responsibility (CSR) on the corporate value of the manufacturing industry at PT Semen Indonesia (Persero) Tbk for the period 2014-2019. The research method used is descriptive statistical analysis, classical assumption test, simple regression analysis and multiple linear regression analysis. The research object is the manufacturing company PT Semen Indonesia (Persero) Tbk for the period 2014-2019. The sampling technique was purposive sampling, obtained a sample of 6 periods of the annual report of PT Semen Indonesia (Persero) Tbk. The technique of collecting data with documentation looks at the annual report published on the Indonesia Stock Exchange website, namely www.idx.co.id. The results showed that: (1) Liquidity has a positive and significant effect on firm value, (2) Solvency has a negative and insignificant effect on firm value, (3) Profitability has a positive and significant effect on firm value, (4) Corporate Social Responsibility (CSR) have a positive and insignificant effect on firm value and (5) financial performance (liquidity, solvency and profitability) and Corporate Social Responsibility (CSR) together have a positive and significant effect on firm value. The implications of the results of this study can contribute to theory development or add insight into financial management in manufacturing companies. In addition, the results of this study can provide practical contributions for companies and employees in terms of financial performance and CSR on firm value. Financial performance has a positive impact on the company because it shows that the company is good, and the company's sustainability in society will be guaranteed if it discloses CSR activities. From the implications of this study, it is expected that companies must maintain the value of financial performance and continue to disclose CSR, this is one of the basis for investors in deciding whether to buy shares or not.

Downloads

Published

2021-03-23

Issue

Section

Articles