PENGARUH GOOD CORPORATE GOVERNANCE, PROFITABILITAS, DAN SOLVABILITAS TERHADAP NILAI PERUSAHAAN DENGAN CORPORATE SOCIAL RESPONSIBILITY SEBAGAI VARIABEL MODERASI (Studi Empiris pada Perusahaan yang Terdaftar di Jakarta Islamic Index Tahun 2017-2022)

Abstract

This  research aims  to  analyze  the  influence  of  good  corporate  governance, profitability and solvency on company value moderated by corporate social responsibility. Good corporate governance is measured by the proportion of the board of commissioners, profitability  is  measured  by  the  ROA  ratio,  solvency  is  measured  by  the  DER  ratio, company value is measured by Tobin's Q, and corporate social responsibility is indicated by CSRi based on the GRI G4 indicator.  

The population in this research are companies included in the Jakarta Islamic Index  from  2017  to  2022.  The sampling method used in this  research  is  purposive sampling. The total number of samples in this research was 47 research samples. The data used in this research was obtained from the Bloomberg Data Base, Company Financial Reports, and Company Sustainability Reports. The data in this research was analyzed using the classic assumption test before the data was tested using the multiple regression test and the Moderated Regression Analysis test.  

The results of this research show that good corporate governance and profitability have a positive effect on company value. Meanwhile, solvency has a negative effect on company value. The results of this research also show that corporate social responsibility is not able to strengthen or moderate the relationship between good corporate governance and profitability on company value, but is able to strengthen the relationship between solvency and company value.