DAMPAK CORPORATE SOCIAL RESPONSIBILITY (CSR) TERHADAP FINANCIAL DISTRESS DENGAN PENGARUH EFEK MODERASI KARAKTERISTIK PERUSAHAAN DAN KARAKTERISTIK AUDITOR (Studi Kasus pada BUMN saat COVID-19)

Abstract

This study aims to examine the impact of Corporate Social Responsibility (CSR) on financial distress and whether company characteristics and auditor characteristics moderate this impact. The variables used in this study are CSR as the independent variable, financial distress as the dependent variable, company characteristics and auditor characteristics as moderating variables, and control variables including Market to Book (MTB) ratio, The Ratio Cash and Cash (SLACK), and Tangibility (TANG).

The research uses a sample of state-owned enterprises from 2020 to 2022 listed on the Indonesia Stock Exchange, with a total of 81 samples selected through purposive sampling based on the specified criteria. The analysis methods used in this study are descriptive statistics and Partial Least Squares (PLS) analysis. The results indicate that CSR has a negative impact on financial distress, and company characteristics strengthen the negative effect of CSR on financial distress.