CORPORATE VALUES: THE ROLE OF CORPORATE SOCIAL RESPONSIBILITY, MANAGERIAL OWNERSHIP AND PROFITABILITY IN INDONESIA
AA Ayu Erna Trisnadewi,a and AA Bagus Amlayasa, b

ab Faculty of Economics and Business Warmadewa University Denpasar, Indonesia
a) dewierna236[at]gmail.com

Abstract

Corporate value is a value that reflects the value of equity and the book value of the corporate,both in the form of market equity, the book value of total debt and the book value of total equity. In increasing the value of the corporate so that it can be achieved well, surely there must be cooperation between the shareholders^ management in making the right decision in order to maximize its capital. This study aims to examine the effect of managerial ownership and profitability, on firm value. In addition, this study also aims to examine the moderating role of CSR disclosure in strengthening the effect of managerial ownership and profitability, on firm value. The analysis technique used is a moderation regression analysis using the IBM SPSS version 20. The study population is a manufacturing corporate sub-sector of consumer goods industry listed on the Indonesia Stock Exchange (BEI) 2016-2019 period and the sample was selected using a purposive sampling technique with a total sample of observations as many as 14 issuers. The results showed that managerial ownership had a significant negative effect on firm value. Profitability gives a significant positive effect on firm value and firm size has a negative effect on firm value. CSR disclosure can prove to strengthen the relationship of profitability to the value of the corporate but CSR weakens the relationship between managerial ownership and corporate size to the value of the corporate

Keywords: Managerial Ownership, Profitability, Corporate Value, Corporate Social Responsibility

Topic: Menggali Potensi Lokasi Sebagai Keunggulan Daya Saing Masyarakat