The Effect of Financial Performance and Audit Quality on Company Value with Corporate Social Responsibility (CSR) Disclosure as a Moderating Variable
DOI:
https://doi.org/10.46984/sebatik.v29i2.2661Keywords:
Audit Quality, Company Value, CSR, Financial Performance, Audit OpinionAbstract
This study aims to determine the effect of financial performance and audit quality on company value with CSR disclosure as a moderating variable. This study is based on financial performance, with indicators such as Return on Assets (ROA), Audit quality with the indicator being the auditor's opinion, namely an Unqualified Opinion, CSR disclosure with indicators such as the Global Reporting Initiative (GRI) G4, and company value with indicators such as Tobin Q. The method used is quantitative with a focus on numerical data. The data used is secondary data obtained from the annual reports of companies classified in the plantation sector listed on the Indonesia Stock Exchange (IDX) during the period 2020 to 2024. The analysis method used is panel data regression, which is a combination of time series data and cross-sectional data that provides efficiency in model estimation. In addition, a moderation test was conducted to determine the role of CSR in strengthening or weakening the relationship between financial performance and audit quality on company value. The results of the study indicate that financial performance has a negative and significant effect on company value, but audit quality and CSR disclosure as moderating variables do not have a significant effect on company value. Furthermore, financial performance with CSR disclosure as a moderator has a negative and significant effect on company value, while audit quality with CSR disclosure as a moderator does not have a significant effect on company value.
References
Afifah, N., Astuti, S. W., & Irawan, D. (2021). Pengaruh Corporate Social Responsibility (CSR) dan Reputasi Perusahaan Terhadap Nilai Perusahaan. Ekuitas: Jurnal Ekonomi dan Keuangan, 5(3), 346-364.
Aprilia, N., & Wahjudi, E. (2021). Pengaruh Kinerja Keuangan Terhadap Nilai Perusahaan dengan Variabel Moderasi Corporate Governance. Jurnal Riset Akuntansi dan Keuangan, 9(3), 525-534.
Arafah, N. Y. (2021). Analisis Nilai Perusahaan Pada Perusahaan Subsektor Property dan Real Estate Yang Terdaftar di Bursa Efek Indonesia. Konferensi Riset Nasional, Ekonomi, Manajemen dan Akuntansi (KORELASI), 2, 1294-1306.
Erlina, N. (2018). Pengaruh Likuiditas, Solvabilitas, Profitabilitas Terhadap Nilai Perusahaan Pertambangan Di Bursa Efek Indonesia. Jurnal Manajemen Kompeten, 1(1), 13.
Firdarini, K. C. (2023). Pengaruh Komite Audit dan Kualitas Audit Terhadap Nilai Perusahaan (Studi Kasus pada Perusahaan Food and Beverage di BEI Periode 2018-2022. Jurnal Riset Akuntansi dan Bisnis Indonesia STIE Widya Wiwaha, 3(3), 879-897.
Husain, F., & Sabir, M. (2022). Analisis Kinerja Keuangan Bank. Gorontalo: Cahya Arsh Publisher.
Jonathan, H., & Sinaga, J. T. (2022). Pengaruh Kinerja Keuangan Dan Kualitas Audit Terhadap Pengungkapan CSR Pada Masa Pandemi Covid-19. Jurnal Ilmiah MEA (Manajemen, Ekonomi dan Akuntansi, 6(2), 1136-1157.
Juliardi, D. (2016). Pengaruh Leverage, Konsentrasi Kepemilikan dan Kualitas Audit terhadap Nilai Perusahaan Serta Laba Persisten pada Perusahaan Perusahaan Publik Manufaktur yang Listed di Bursa Efek Indonesia. Jurnal Akuntansi Aktual, 2(2), 113-122.
Kurniawati, H. (2016). Pengaruh Board Size, Leverage Dan Kualitas Audit Terhadap Nilai Perusahaan. Jurnal Keuangan dan Perbankan, 12(2), 110-127.
Pangestuti, D. C. (2020). The Influence of Internal and External Factors on Firm Value. European Journal of Business and Management Research. European Journal Business and Management Research, 5(5), 1-6.
Prasetyo, Y., Ernawati, N., Hakim, A. M., & Sugianto, D. (2021). Pengaruh Solvabilitas, Likuiditas, dan Profitabilitas terhadap Nilai Perusahaan. Jurnal Akuntansi dan Audit Syariah, 2(2), 186-197.
Prena, G. D., & Muliyawan, I. G. (2020). Pengaruh Kinerja Keuangan terhadap Nilai Perusahaan dengan Pengungkapan Corporate Social Responsibility Sebagai Variabel Pemoderasi. WACANA EKONOMI (Jurnal Ekonomi, Bisnis dan Akuntansi), 19(2), 131-142.
Pujarini, F. (2020). Pengaruh Kinerja Keuangan terhadap Nilai Perusahaan. Journal of Acoounting & Management Innovation, 4(1), 1-15.
Purmalita, Y. M., & Fauzan. (2024). Analisis Pengaruh Kualitas Audit, Struktur Modal, dan Ukuran Perusahaan Terhadap Nilai Perusahaan. Journal of Trends Economics and Accounting Research, 4(3), 610-618.
Purwita, I. K., Gama, A. W., & Astiti, N. P. (2019). Pengaruh Corporate Social Responsibility Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Moderasi (Studi pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia periode 2015-2017). Seminar INOBALI.
Putri, I. A., Budiyanto, & Triyonowati. (2023). Financial Performance and Firm Value: The Role of Signaling Theory. International Journal of Scientific Research and Management, 11(04), 4776-4783.
Raningsih, N. K. (2018). Pengaruh Profitabilitas Terhadap Nilai Perusahaan Dengan Corporate Social Responsibility sebagai Variabel Moderasi. E-Jurnal Ekonomi dan Bisnis Universitas Udayana, 7(8), 197-206.
Sugiyono. (2024). Metode Penelitian Bisnis. Bandung: Alfabeta.
Veritia, V., & Amalia, S. (2021). Pengaruh Disiplin Kerja Dan Pelatihan Kerja Terhadap Kinerja Karyawan Pada Hotel Citradream Bintaro Tangerang Selatan. Jurnal Ilmiah PERSEKUSI, 1(3), 298.
Zanetty, V., & Efendi, D. (2022). Pengaruh Free Cash Flow, Likuiditas Dan Pertumbuhan Penjualan Terhadap Kinerja Keuangan Perusahaan (Studi Perusahaan Food and Beverage Yang Terdaftar Di Bursa Efek Indonesia). Jurnal Ilmu Riset dan Akuntansi, 11(2), 1-17.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Reni Ramadhani, Muhsin, Khristina Yunita, Nina Febriana Dosinta
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain all their rights to the published works, such as (but not limited to) the following rights; Copyright and other proprietary rights relating to the article, such as patent rights, The right to use the substance of the article in own future works, including lectures and books, The right to reproduce the article for own purposes, The right to self-archive the article
