PENGARUH CORPORATE SOCIAL RESPONSIBILITY TERHADAP KINERJA KEUANGAN PERUSAHAAN DENGAN STRUKTUR MODAL SEBAGAI VARIABEL MEDIASI (Studi Empiris Pada Perusahaan Non-Keuangan yang Terdaftar di Bursa Efek Indonesia Tahun 2020 - 2022)

Abstract

This study aims to test the direct effect of CSR on the company's financial performance, and the indirect effect of CSR on the company's financial performance with capital structure as a mediating variable. In addition, it also tests the direct effect of CSR on capital structure and the effect of capital structure on the company's financial performance.

This study selected samples using the purposive sampling method. The total sample used was 185 non-financial companies listed on the Indonesia Stock Exchange (IDX) during 2020 - 2022. The data source in this study is secondary data obtained from the Bloomberg FEB UNDIP terminal. The analysis method used in this study is multiple linear regression analysis on SPSS version 26 and the Sobel test.

The results of the study indicate that CSR has a positive and significant effect on the company's financial performance, while CSR has a negative and significant effect on capital structure. Meanwhile, capital structure has a negative and significant effect on the company's financial performance. However, capital structure is unable to mediate the relationship between CSR and the company's financial performance.