PENGARUH PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY DAN KINERJA KEUANGAN TERHADAP NILAI PERUSAHAAN

Abstract

This study aims to examine the effect of corporate social responsibility disclosure and financial performance on firm value in companies within the primary consumer goods sector, specifically the food and beverage subsector, listed on the Indonesia Stock Exchange. Firm value is measured using Tobin’s Q, while corporate social responsibility disclosure is measured using the Corporate Social Responsibility Index (CSRI) based on the Global Reporting Initiative version 4 items. Financial performance is proxied by the Current Ratio, Return on Equity, and Debt to Equity Ratio. This study employs an explanatory quantitative research design using secondary data obtained from annual reports and financial statements. The purposive sampling technique resulted in 15 companies that met the research criteria from the population. The data were analyzed using multiple linear regression with classical assumption tests. The results show that corporate social responsibility disclosure, Current Ratio, Return on Equity, and Debt to Equity Ratio have positive and significant partial effects on firm value. Simultaneously, all independent variables significantly affect firm value. Debt to Equity Ratio emerges as the dominant variable based on the standardized beta coefficient. These findings indicate that firm value in the primary consumer goods sector, specifically the food and beverage subsector, is shaped not only by profitability and liquidity but also by capital structure management and the quality of corporate social responsibility disclosure.