PERANAN CORPORATE SOCIAL RESPONSIBILITY DALAM MEMODERASI PENGARUH KEBIJAKAN DEVIDEN, PROFITABILITAS, DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN
PADA PERUSAHAAN PERTAMBANGAN YANG TERDAFTAR DI BEI TAHUN 2019-2022
Keywords:
Dividend Policy, Profitability, Capital Structure, Corporate Social ResponsibilityAbstract
This study aims to determine the role of corporate social responsibility in moderating the effect of dividend policy, profitability, and capital structure on firm value. The type of research used is correlational research. The object in this study is a mining company listed on the Indonesia Stock Exchange (IDX) for the 2019-2022 period. The sampling technique in this study used purposive sampling, the sample in this study amounted to 16 companies. The analysis technique used consists of classical assumption test, Moderated Regression Analysis (MRA), hypothesis testing (coefficient of determination, f test, and t test) with the help of the SPSS program data analysis tool. The results showed that dividend policy with dividend payout ratio proxy has a positive effect on firm value, profitability with return on equity (ROE) proxy has a positive effect on firm value, capital structure proxied by debt- to-equity ratio has a positive effect on firm value. Corporate social responsibility disclosure variables can moderate dividend policy on firm value, corporate social responsibility can moderate profitability on firm value, corporate social responsibility can moderate capital structure on firm value.
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