Pengaruh Pengungkapan Corporate Social Responsibility, Good Corporate Governance, Struktur Modal terhadap Nilai Perusahaan dengan Profitabilitas sebagai Variabel Intervening pada Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia

Abstract

The background of this research is the importance of firm value which can influence an investor's perception and the stock price of banking companies listed in BEI. The objective of the research is to examine the influence of disclosing Corporate Social Responsibility (CSR), Good Corporate Governance (GCG), and Capital Structure on Firm Value with Profitability as intervening variable in banking companies listed in BEI. The population is 47 banking companies, and 29 of them which are listed in BEI in 2022 are used as the samples, taken by using purposive sampling technique. Observation is done in the span of years (2018- 2022) so that the number of data is 145 observational data. The data are collected by conducting library research and documentation. The research uses descriptive quantitative method by describing the data, and hypothetical test is done by using panel data regression analysis with e-views application. It is expected that this research is able to show the influence of disclosing CSR, GCG, and Capital Structure on Firm Value with Probability as intervening variable in banking companies listed in BEI. The first hypothetical test shows that disclosing CSR has negative correlation and does not influence firm value. The second hypothetical test shows that GCG has positive correlation but does not influence firm value. The third hypothetical test shows that capital structure has negative correlation and does not influence firm value. The fourth hypothetical test shows that profitability has positive influence on firm value. The fifth hypothetical test shows that disclosing CSR has positive influence on profitability. The sixth hypothetical test shows that GCG has positive correlation but does not influence profitability. The seventh hypothetical test shows that capital structure has positive influence on profitability. The eighth hypothetical test shows that profitability significantly mediates the influence of CSR on firm value. The ninth hypothetical test shows that profitability insignificantly mediates the influence of GCG on firm value. The tenth hypothetical test shows profitability significantly mediates the influence of capital structure on firm value.