PENGARUH COORPORATE SOCIAL RESPONSIBILITY PADA HUBUNGAN FAKTOR - FAKTOR YANG MEMPENGARUHI NILAI PERUSAHAAN

Endiana I Dewa Made

Abstract


The essence of a business activity is to provide the maximum
possible benefit to owners or shareholders. The increase of stock price means
the higher value of the company so that the welfare of shareholders will be
increased as well. The value of the company also reflects the performance of
management in the company’s operations. There are several factors that can
affect the value of companies such as profitability, dividend policy, debt policy
and Corporate Social Responsibility (CSR). The problem in this research are
how effect of profitability, dividend policy and debt policy to the value of the
company and also whether CSR is able to affect the relationship of profitability,
dividend policy and debt policy. The expected value obtained from this study
is to determine the factors that may affect the value of the company and to
determine whether CSR may affect the relationship between factors that affect
the value of the company.
The population in this research is manufacturing company in Indonesia Stock
Exchange 2012-2014 period with purposive sampling method in order to
obtain as many as 62 companies. The analysis technique used is moderated
regression analysis.
The results showed, the positive effect on the profitability of the company’s value,
dividend policy positive effect on the value of the company, the debt policy has no
effect on the value of the company. The test results showed that CSR moderation
capable of affecting relations on the value of the company’s profitability, CSR is
not capable of affecting relations on the value of the company’s dividend policy
and CSR are not able to affect relations with the company’s debt policy. The
results of this study are expected to be one of the considerations by the investor
in making an investment in the capital market which is expected not wrong in
choosing the company as a place for investment, because in fact the investors
expect a return on their investments.


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