Profitabilitas, Likuiditas, Leverage, Corporate Social Responsibility dan Nilai Perusahaan
Abstract
Firm value is the achievement obtained by the company from public trust after running operations. The purpose of this study is to obtain empirical evidence regarding the effect of profitability, liquidity, leverage, and CSR on firm value. This research was conducted in financial sector companies listed on the Indonesia Stock Exchange. The sample of companies is 10 companies with 5 years of observation, then obtained 50 observational data. The method of determining the sample used in this study is non-probability sampling with purposive sampling technique. The data were collected, then tested with Statistical Product and Service Solutions (SPSS) analysis. The results showed that profitability and leverage had a positive effect on firm value and liquidity and CSR had no effect on firm value.
Keywords: Company Value; Profitability; Liquidity; Leverage; Corporate Social Responsibility.
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References
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Laksmi Dewi, N. M., & Dharma Suputra, I. D. G. (2019). Pengaruh Profitabilitas dan Leverage pada Nilai Perusahaan dengan Corporate Social Responsibility Sebagai Variabel Pemoderasi. E-Jurnal Akuntansi, 28(1), 26–54. https://doi.org/10.24843/eja.2019.v28.i01.p02
Markonah, M., Salim, A., & Franciska, J. (2020). Effect of Profitability, Leverage, and Liquidity To the Firm Value. Dinasti International Journal of Economics, Finance & Accounting, 1(1), 83–94. https://doi.org/10.38035/dijefa.v1i1.225
Marnelly, T. R. (2012). Corporate Social Responsibility (CSR): Tinjauan Teori dan Praktek di Indonesia. Jurnal Aplikasi Bisnis, 3(1), 49–59.
Nugroho, D. S. (2021). The Effect of Financial Condition on Firm Value: A Comparative Study. Jurnal Ilmiah Akuntansi Dan Bisnis, 16(2), 199. https://doi.org/10.24843/jiab.2021.v16.i02.p02
Primanandari, C., Ayu, G., & Budiasih, N. (2021). The Effect Of Carbon Emission Disclosure Andcorporate Social Responsibility Disclosure On Firm Value(Study on Mining Companies Listed on the Indonesia Stock Exchange 2016-2019). American Journal of Humanities and Social Sciences Research, 5(4), 423–431. www.ajhssr.com
Reschiwati, R., Syahdina, A., & Handayani, S. (2020). Effect of liquidity, profitability, and size of companies on firm value. Utopia y Praxis Latinoamericana, 25(6), 324–332. https://doi.org/10.5281/zenodo.3987632
Robiyanto, R., Nafiah, I., Harijono, H., & Inggarwati, K. (2020). Pengaruh Profitabilitas Terhadap Nilai Perusahaan Perhotelan Dan Pariwisata Dengan Struktur Modal Sebagai Variabel Intervening. Jurnal Ilmiah Bisnis Dan Ekonomi Asia, 14(1), 46–57. https://doi.org/10.32812/jibeka.v14i1.153
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Sucuahi, W., & Cambarihan, J. M. (2016). Influence of Profitability to the Firm Value of Diversified Companies in the Philippines. Accounting and Finance Research, 5(2), 149–153. https://doi.org/10.5430/afr.v5n2p149
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Tamrin, M., Mus, H. R., Sudirman, & Arfah, A. (2017). Effect of profitability and dividend policy on corporate governance and firm value: Evidence from the Indonesian manufacturing Sectors. Journal of Business and Management, 19(10), 66–74. https://doi.org/10.9790/487X-1910086674
Thaib, I., & Dewantoro, A. (2017). Pengaruh Profitabilitas dan Likuiditas Terhadap Nilai Perusahaan dengan Struktur Modal sebagai Variabel Intervening. Jurnal Riset Perbankan Manajemen Dan Akuntansi, 1(1), 25–44.
Wiwoho, J. (2014). Peran Lembaga Keuangan Bank Dan Lembaga Keuangan Bukan Bank Dalam Memberikan Distribusi Keadilan Bagi Masyarakat. Mmh, 43(1), 87–97.
Wulandari, N. M. I., & Wiksuana, I. G. B. (2017). Peranan Corporate Social Responsibility Dalam Memoderasi Pengaruh Terhadap Nilai Perusahaan. E-Jurnal Manajemen Unud, 6(3), 1278–1311.
Ambri, D. D., & Suaryana, I. G. N. A. (2018). Pertumbuhan Perusahaan sebagai Pemoderasi Pengaruh Leverage pada Nilai Perusahaan. E-Jurnal Akuntansi, 25(2), 1258–1281. https://doi.org/10.24843/eja.2018.v25.i02.p17
Angga Pratama, A. B., & Wiksuana, I. G. B. (2018). Pengaruh Firm Size Dan Profitabilitas Terhadap Nilai Perusahaan Dengan Struktur Modal Sebagai Variabel Mediasi. E-Jurnal Ekonomi Dan Bisnis Universitas Udayana, 7(5), 1289–1318. https://doi.org/10.24843/eeb.2018.v07.i05.p03
Batten, J., & Vo, X. V. (2017). Liquidity and Firm Value In An Emerging Market. Singapore Economic Review, 64(2), 365–376. https://doi.org/10.1142/S0217590817470063
Cahyani, G. A. P., & Wirawati, N. G. P. (2019). Pengaruh Likuiditas, Kebijakan Dividen, Profitabilitas, dan Ukuran Perusahaan pada Nilai Perusahaan. E-Jurnal Akuntansi, 27(2), 1263–1289. https://doi.org/10.24843/eja.2019.v27.i02.p16
Cheng, M.-C., & Tzeng, Z.-C. (2011). The Effect of Leverage on Firm Value and How The Firm Financial Quality Influence on This Effect. World Journal of Management, 3(2), 30–53.
Dewi, N. K. D. P., & Mertha, I. M. (2018). Pengungkapan Tanggung Jawab Sosial Memoderasi Pengaruh Profitabilitas dan Ukuran Perusahaan pada Nilai Perusahaan. E-Jurnal Akuntansi, 22(3), 2148–2176. https://ojs.unud.ac.id/index.php/Akuntansi/article/view/37206
Febriyanto, F. C. (2018). the Effect of Leverage, Sales Growth and Liquidity To the Firm Value of Real Estate and Property Sector in Indonesia Stock Exchange. Economics and Accounting Journal, 1(3), 198–205. https://doi.org/10.32493/eaj.v1i3.y2018.p198-205
Ghozali, I. (2018). Aplikasi Analisis Multivariate Dengan Program IBM SPSS 19. Badan Penerbit Universitas Diponegoro.
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
Harahap, C. D., Juliana, I., & Lindayani, F. F. (2019). The Impact of Environmental Performance and Profitability on Firm Value. Indonesian Management and Accounting Research, 17(1), 53–70. https://doi.org/10.25105/imar.v17i1.4665
Hermuningsih, S. (2014). Profitability, Growth Opportunity, Capital Structure and the Firm Value. Buletin Ekonomi Moneter Dan Perbankan, 16(2), 115–136. https://doi.org/10.21098/bemp.v16i2.440
Ishari, M. P. S., & Abeyrathna, G. (2016). The Impact of Financial Leverage on Firms ’ Value ( Special Reference to Listed Manufacturing Companies in Sri Lanka ). International Journal Of Advancement In Engineering Technology, Management and Applied Science (IJAETMAS), 03(07), 100–104.
Jariah, A. (2016). Likuiditas, Leverage, Profitabilitas Pengaruhnyaterhadap Nilai Perusahaan Manufaktur Di Indonesia Melalui Kebijakan Deviden. Riset Akuntansi Dan Keuangan Indonesia, 1(2), 108–118. https://doi.org/10.23917/reaksi.v1i2.2727
Jihadi, M., Vilantika, E., Hashemi, S. M., Arifin, Z., Bachtiar, Y., & Sholichah, F. (2021). The Effect of Liquidity, Leverage, and Profitability on Firm Value: Empirical Evidence from Indonesia. Journal of Asian Finance, Economics and Business, 8(3), 423–431. https://doi.org/10.13106/jafeb.2021.vol8.no3.0423
Kurniawati, Y., Hermanto, S. B., & Suryono, B. (2021). The Influence of Social Responsibility and Leverage on Company Value with Profitability as Mediator. Budapest International Research and Crities Institute -Ournal (BIRCI-Journal), 4(3), 4578–4590.
Laksmi Dewi, N. M., & Dharma Suputra, I. D. G. (2019). Pengaruh Profitabilitas dan Leverage pada Nilai Perusahaan dengan Corporate Social Responsibility Sebagai Variabel Pemoderasi. E-Jurnal Akuntansi, 28(1), 26–54. https://doi.org/10.24843/eja.2019.v28.i01.p02
Markonah, M., Salim, A., & Franciska, J. (2020). Effect of Profitability, Leverage, and Liquidity To the Firm Value. Dinasti International Journal of Economics, Finance & Accounting, 1(1), 83–94. https://doi.org/10.38035/dijefa.v1i1.225
Marnelly, T. R. (2012). Corporate Social Responsibility (CSR): Tinjauan Teori dan Praktek di Indonesia. Jurnal Aplikasi Bisnis, 3(1), 49–59.
Nugroho, D. S. (2021). The Effect of Financial Condition on Firm Value: A Comparative Study. Jurnal Ilmiah Akuntansi Dan Bisnis, 16(2), 199. https://doi.org/10.24843/jiab.2021.v16.i02.p02
Primanandari, C., Ayu, G., & Budiasih, N. (2021). The Effect Of Carbon Emission Disclosure Andcorporate Social Responsibility Disclosure On Firm Value(Study on Mining Companies Listed on the Indonesia Stock Exchange 2016-2019). American Journal of Humanities and Social Sciences Research, 5(4), 423–431. www.ajhssr.com
Reschiwati, R., Syahdina, A., & Handayani, S. (2020). Effect of liquidity, profitability, and size of companies on firm value. Utopia y Praxis Latinoamericana, 25(6), 324–332. https://doi.org/10.5281/zenodo.3987632
Robiyanto, R., Nafiah, I., Harijono, H., & Inggarwati, K. (2020). Pengaruh Profitabilitas Terhadap Nilai Perusahaan Perhotelan Dan Pariwisata Dengan Struktur Modal Sebagai Variabel Intervening. Jurnal Ilmiah Bisnis Dan Ekonomi Asia, 14(1), 46–57. https://doi.org/10.32812/jibeka.v14i1.153
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. https://doi.org/10.24843/jiab.2019.v14.i01.p06
Sucuahi, W., & Cambarihan, J. M. (2016). Influence of Profitability to the Firm Value of Diversified Companies in the Philippines. Accounting and Finance Research, 5(2), 149–153. https://doi.org/10.5430/afr.v5n2p149
Sugiyono, P. D. (2019). Metode Penelitian Kuantitatif, Kualitatif dan R&D (P. D. Sugiyono (ed.)). ALFABETA, CV.
Tamrin, M., Mus, H. R., Sudirman, & Arfah, A. (2017). Effect of profitability and dividend policy on corporate governance and firm value: Evidence from the Indonesian manufacturing Sectors. Journal of Business and Management, 19(10), 66–74. https://doi.org/10.9790/487X-1910086674
Thaib, I., & Dewantoro, A. (2017). Pengaruh Profitabilitas dan Likuiditas Terhadap Nilai Perusahaan dengan Struktur Modal sebagai Variabel Intervening. Jurnal Riset Perbankan Manajemen Dan Akuntansi, 1(1), 25–44.
Wiwoho, J. (2014). Peran Lembaga Keuangan Bank Dan Lembaga Keuangan Bukan Bank Dalam Memberikan Distribusi Keadilan Bagi Masyarakat. Mmh, 43(1), 87–97.
Wulandari, N. M. I., & Wiksuana, I. G. B. (2017). Peranan Corporate Social Responsibility Dalam Memoderasi Pengaruh Terhadap Nilai Perusahaan. E-Jurnal Manajemen Unud, 6(3), 1278–1311.
Published
2022-07-26
How to Cite
WAHYUNIYASANTI, Cokorda Istri; MERTHA, Made.
Profitabilitas, Likuiditas, Leverage, Corporate Social Responsibility dan Nilai Perusahaan.
E-Jurnal Akuntansi, [S.l.], v. 32, n. 7, p. 1863-1877, july 2022.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/86794>. Date accessed: 21 nov. 2024.
doi: https://doi.org/10.24843/EJA.2022.v32.i07.p15.
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