Pengaruh Kinerja Keuangan Terhadap Nilai Perusahaan dengan Pengungkapan CSR Sebagai Variabel Pemoderasi

Abstract

This study aims to examine the effect of financial performance on firm value with Corporate Social Responsibility (CSR) disclosure as a moderating variable. This study was conducted on mining companies listed on the Indonesia Stock Exchange (IDX) for the period 2019–2024. The research method used is quantitative with the Moderated Regression Analysis (MRA) approach. The results of the study indicate that financial performance has a positive and significant effect on firm value. However, CSR disclosure is unable to moderate the relationship between financial performance and firm value. This finding indicates that although CSR plays a role in improving the company's image, its influence is not strong enough to strengthen the relationship between financial performance and firm value. This study provides a theoretical contribution in enriching the study of the interaction between financial and non-financial aspects in the formation of firm value, as well as providing practical input for company management in designing a more effective CSR disclosure strategy.

Keywords: Financial performance, firm value, csr, mining companies, mra