PENGARUH LEVERAGE, LIKUIDITAS, DAN CORPORATE SOCIAL RESPONSIBILITY TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL MODERATING.(STUDI EMPIRIS PADA PERUSAHAAN MANUFAKTUR YANG LISTING DI BEI) PERIODE 2014-2018”

Abstrak

This study aims to determine the effect of leverage, liquidity and CSR (corporate social
responsibility) on the value of the company with profitability as a moderating variable in
manufacturing companies listing on the Indonesia Stock Exchange (IDX) for the 2014-2018 period.
This research uses secondary data. The sample technique in this study used purposive sampling. The
number of samples obtained was 103 companies. The method of analysis in this study uses panel
data regression analysis. From this study the following conclusions are obtained: (1) There is a
significant influence on the leverage value of the company. (2) There is a significant effect of
Liquidity on firm value. (3) There is a significant influence between CSR (Corporate Social
Responsibility) on firm value. . (4) There is a significant influence of leverage, liquidity and CSR
together on the value of the company. (5) There is no significant influence Leverage on company
value which is moderated by profitability. (6) There is no significant effect of Liquidity on the value
of the company which is moderated by Profitabiltas. (7) there is a significant influence of CSR on
the value of the company which is moderated by profitability. (8) There is a significant influence of
Leverage, Liquidity and CSR together on the value of the company which is moderated by
Profitability (9) The coefficient of determination (R2) of equation one in this study obtained a
coefficient value (R2) of 0.013525 which means that the contribution between variables Leverage
Liquidity and CSR to the value of lace companies because they are above 0.013525. The R square
figure or the coefficient of determination is 1.35%, which means the percentage of variation or
change in firm value can be explained by variations in variable leverage, liquidity and CSR, while
the remaining 98.65% is influenced by other variables not included in this research model. . (11)
The coefficient of determination (R2) of equation two in this study obtained a coefficient value (R2)
of 0.971824 which means that the contribution between Leverage, Liquidity and CSR variables to
the value of the company is moderated by high profitability because it is above 0.971824. The
number R_square or the coefficient of determination is 97.18%, which means the percentage
variation or change in firm value can be explained by variations in the variable Leverage, Liquidity
and CSR to the value of the company that is moderated by profitability, while the remaining 2.82%
is influenced by other variables that are not included in this research model
Keywords: Company Value, Leverage, Liquidity, CSR (Corporate Social Responsibility),
Profitabiltas
PENDAHULUAN