FIRM CHARACTERISTIC AND FIRMS VALUE: CSR DISCLOSURE

Abstract

The purpose of this study is to examine the effect of the company characteristic (firm size, profitability, leverage, audit committee, and board of commissioners) on firm value through CSR disclosure. The population in this study were 65 companies included in the Indonesia Stock Exchange LQ45 index for the 2015-2019 period. The sample was selected using a purposive sampling technique. The number of models used was 60 companies—the analytical method used in moderated regression analysis was processed using SPSS version 26. The results show that firm size, profitability, leverage, audit committee, and board of commissioners simultaneously significantly affect firm value. Company size, profitability, leverage, audit committee, and board of commissioners on firm value with CSR disclosure simultaneously have a significant effect. Company size, audit committee, and board of commissioners have a considerable impact on firm value, while profitability and leverage have no significant effect on firm value. Then partially, CSR disclosure does moderate company size, profitability, leverage, audit committee, and board of commissioners on firm value.