Umur dan Ukuran Perusahaan Memoderasi Pengaruh Corporate Social Responsibility Terhadap Nilai Perusahaan
Abstract
This study aims to determine the effect of corporate social responsibility on firm value moderated by age and firm size. Stakeholder theory, signaling theory and legitimacy theory are used as the theoretical basis. The number of samples obtained as many as 25 companies with purposive sampling technique. The analysis technique used is Moderated Regression Analysis (MRA). The results of the research analysis show that the type of moderation is quasi moderation which indicates that corporate social responsibility has a positive effect on firm value, age and firm size can moderate the effect of corporate social responsibility on firm value. The implication of this research is that it can provide investors with an overview of the company's performance which is reflected in the annual report so that they can make the right decisions.
Keywords: Company Age; Company Size; Corporate Social Responsibility; Firm Value.
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References
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Wedayanti, L. P., & Wirajaya, I. G. A. (2018). Pengaruh Pengungkapan Corporate Social Responsibility Pada Nilai Perusahaan Dengan Ukuran Perusahaan Sebagai Variabel Moderasi. E-Jurnal Akuntansi Universitas Udayana, 24, 2304–2332.
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Chen, R. C. Y., & Lee, C. H. (2017). The influence of CSR on firm value: an application of panel smooth transition regression on Taiwan. Applied Economics, 49(34), 3422–3434. https://doi.org/10.1080/00036846.2016.1262516
D’Amato, A., & Falivena, C. (2019). Corporate social responsibility and firm value : Do firm size and age matter ? Empirical evidence from European listed companies. Corporate Social Responsibility and Environmental Management, 1–16. https://doi.org/10.1002/csr.1855
Dewi, K., & Monalisa. (2016). Effect Of Corporate Social Responsibility Disclosure On Financial Performance. Binus Business Review, 7(2), 149–155. https://doi.org/10.21512/bbr.v7i2.1687
Dewi, N. P. Y. K., & Wirawati, N. G. P. (2021). Open Access The Influence of Share Ownership Structure and Company Size on Corporate Social Responsibility Disclosures. American Journal of Humanities and Social Sciences Research (AJHSSR), 5(2), 67–73.
Dewi, R. U., & Muslih, M. (2018). Pengaruh Ukuran Perusahaan, Ukuran Dewan Komisaris, Dan Umur Perusahaan Terhadap Pengungkapan Corporate Social Responsibility (CSR). Kajian Akuntansi, 19(2), 212–220.
Erwanti, Y., & Haryanto. (2017). Pengaruh Ukuran Perusahaan, Profitabilitas, Dewan Komisaris, Komite Audit Dan Kualitas Audit Terhadap Pengungkapan Informasi Pertanggungjawaban. Diponegoro Journal of Accounting, 6(4), 295–308.
Febrianty, N. N. A., & Mertha, I. M. (2021). Effect of Profitability , Investment Opportunity Set and Good Corporate Governance on Company Value. American Journal of Humanities and Social Sciences Research (AJHSSR), 5(2), 238–246.
Hafez, H. (2016). Corporate Social Responsibility And Firm Value: An Empirical Study Of An Emerging Economy. Journal of Governance and Regulation, 5(4), 40–53. https://doi.org/10.22495/jgr_v5_i4_p3
Hasibuan, M. E., & Wirawati, N. G. P. (2020). The Effect of Financial Performance, Good Corporate Governance, Corporate Social Responsibility on Company Value (Empirical Study on Food and Beverage Companies Listed on the Indonesia Stock Exchange 2017-2019). American Journal of Humanities and Social Sciences Research (AJHSSR), 5(1), 391–397.
Hu, Y., Chen, S., Shao, Y., & Gao, S. (2018). CSR and Firm Value: Evidence from China. Sustainability (Switzerland), 10(12), 1. https://doi.org/10.3390/su10124597
Ilmi, M., Kustono, A. S., & Sayekti, Y. (2017). Effect Of Good Corporate Governance , Corporate Social Responsibility Disclosure And Managerial Ownership To The Corporate Value With Financial Performance As Intervening Variables : Case On Indonesia Stock Exchange. International Journal of Social Science and Business, 1(2), 75–88.
Inastri, M. A., & Mimba, N. P. S. H. (2017). Pengaruh Penerapan Good Corporate Governance Dan Pengungkapan Corporate Social Responsibility Pada Nilai Perusahaan. E-Jurnal Akuntansi Universitas Udayana, 21(2), 1400–1429. https://doi.org/https://doi.org/10.24843/EJA.2017.v21.i02.p20
Junardi. (2019). Pengaruh Pengungkapan Corporate Social Responsibility Terhadap Nilai Perusahaan Dengan Ukuran Perusahaan Sebagai Variabel Moderasi. Jurnal Pendidikan Ekonomi, 4(2).
Karundeng, F., Nangoi, G. B., & Karamoy, H. (2017). Analisis Pengaruh Corporate Social Responsibility terhadap Nilai Perusahaan dengan Profitabilitas , Kepemilikan Manajemen , dan Ukuran Perusahaan sebagai Variabel Moderasi. Jurnal Riset Akuntansi Dan Auditing “Goodwill,” 8(2), 1–10.
Kung, F., & Rupp, N. G. (2018). Corporate Social Responsibility and Firm Value: Recent Developments. Intechopen, 1(1), 1. https://doi.org/10.5772/intechopen.76160
Mahrani, M., & Soewarno, N. (2018). The effect of good corporate governance mechanism and corporate social responsibility on financial performance with earnings management as mediating variable. Asian Journal of Accounting Research, 3(1), 41–60. https://doi.org/https://doi.org/10.1108/AJAR-06-2018-0008
Murnita, P. E. M., & Putra, I. M. P. D. (2018). Pengaruh Corporate Social Responsibility Terhadap Nilai Perusahaan dengan Profitabilitas dan Leverage sebagai Variabel Pemoderasi. E-Jurnal Akuntansi Universitas Udayana, 23(2), 1470–1494.
Nicola, M., Alsafi, Z., Sohrabi, C., Kerwan, A., Al-jabir, A., Iosifidis, C., Agha, M., & Agha, R. (2020). The Socio-economic Implications Of The Coronavirus Pandemic ( COVID-19 ): A review. International Journal of Surgery, 78, 185–193. https://doi.org/10.1016/j.ijsu.2020.04.018
Puspaningrum, Y. (2017). Pengaruh Corporate Social Responsibility dan Kepemilikan Manajerial Terhadap Nilai Perusahaan Dengan Profitabilitas dan Ukuran Perusahaan Sebagai Variabel Moderating. Jurnal Profita.
Puspasari, N. K., & Sujana, I. K. (2021). The Effect of Corporate Social Responsibility Disclosure and Board Remuneration on Financial Performance with the Presence of Woman in the Good Corporate Governance Structure. American Journal of Humanities and Social Sciences Research (AJHSSR), 5(1), 637–642.
Putri, I. A. S., & Suprasto, B. (2016). Pengaruh Tanggung Jawab Sosial Perusahaan Dan Mekanisme Tata Kelola Perusahaan Terhadap Nilai Perusahaan. E-Jurnal Akuntansi Universitas Udayana, 15(1), 667–694.
Putri, Sudarma, M., & Purnomosidhi, B. (2016). Pengaruh Corporate Social Responsibility terhadap Nilai Perusahaan dengan Ukuran Perusahaan dan Jumlah Dewan Komisaris sebagai Variabel Pemoderasi. Jurnal Aplikasi Manajemen (JAM), 14(2). https://doi.org/http://dx.doi.org/10. 18202/ jam23026332.14.2.16
Sabatini, K., & Sudana, I. P. (2019). Pengaruh Pengungkapan Corporate Social Responsibility pada Nilai Perusahaan dengan Manajemen Laba sebagai Variabel Moderasi. Jurnal Ilmiah Akuntansi Dan Bisnis, 14(1), 56–69.
Segoro, W., & Mutakin, H. (2017). The Influence Of Intellectual Capital And Good Corporate Governance On The Financial Performance Of Banking Companies Registered In Indonesia Stock Exchange. International Journal of Applied Business and Economic Research, 15(15), 511–517.
Setiadharma, S., & Machali, M. M. (2017). The Effect of Asset Structure and Firm Size on Firm Value with Capital Structure as Intervening Variable. Journal of Business & Financial Affairs, 6(4). https://doi.org/10.4172/2167-0234.1000298
Sitorus, S. H., & Hidayat, R. (2020). Berdaya di Era Pandemi : Peran Corporate Social Responsibility dalam Penanggulangan COVID-19. Journal of Social Development Studies, 1(2), 37–48.
Sunaryo, B. A., & Mahfud, H. M. K. (2016). Pengaruh Size, Profitabilitas Leverage Dan Umur Terhadap Pengungkapan Tanggung Jawab Sosial Perusahaan. Diponegoro Journal of Management, 5(2), 1–14.
Wedayanti, L. P., & Wirajaya, I. G. A. (2018). Pengaruh Pengungkapan Corporate Social Responsibility Pada Nilai Perusahaan Dengan Ukuran Perusahaan Sebagai Variabel Moderasi. E-Jurnal Akuntansi Universitas Udayana, 24, 2304–2332.
Yumiasih, L., & Isbanah, Y. (2017). Pengaruh Kompensasi, Ukuran Perusahaan, Usia Perusahaan, dan Leverage terhadap Nilai Perusahaan Sektor Pertanian yang Terdaftar di BEI Periode 2012-2015. Jurnal Ilmu Manajemen, 5(3), 1–9.
Published
2022-03-26
How to Cite
YUDHA, Nyoman Tryadi Kusuma; ARIYANTO, Dodik.
Umur dan Ukuran Perusahaan Memoderasi Pengaruh Corporate Social Responsibility Terhadap Nilai Perusahaan.
E-Jurnal Akuntansi, [S.l.], v. 32, n. 3, p. 593-605, mar. 2022.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/70720>. Date accessed: 26 apr. 2024.
doi: https://doi.org/10.24843/EJA.2022.v32.i03.p03.
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