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Whereby The Corporate Social Responsibility, Good Corporate Governance And Capital Structure React To The Enterprise Value

Author

Listed:
  • Minda Muliana Sebayang
  • Mas’ut

Abstract

The aim of this study was to determine the role of Corporate Social Responsibility (CSR), managerial ownership, institutional ownership and capital structure on firm value of manufacturing companies listed in the Indonesia Stock Exchange (IDX) in 2016-2019. The research used panel data and multiple regression analysis to test the hypotheses. The results showed that partially Corporate Social Responsibility and managerial ownership have a significant effect on firm value. In contrast, institutional ownership and capital structure have no significant effect on firm value. Simultaneously, Corporate Social Responsibility (CSR), managerial ownership, institutional ownership and capital structure have a significant effect on firm value. The magnitude of the coefficient of determination is 9.2% and the remain is 90.8%. The conclusion shows that partially Corporate Social Responsibility (CSR) and managerial ownership significantly influence the firm value.

Suggested Citation

  • Minda Muliana Sebayang & Mas’ut, 2021. "Whereby The Corporate Social Responsibility, Good Corporate Governance And Capital Structure React To The Enterprise Value," Junior Scientific Researcher, SC Research Publishing SRL, vol. 7(2), pages 13-24, November.
    • Handle: RePEc:jsr:journl:v:7:y:2021:i:2:p:13-24
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    References listed on IDEAS

    as
    1. Paolo Saona & Pablo San Martín, 2018. "Determinants of firm value in Latin America: an analysis of firm attributes and institutional factors," Review of Managerial Science, Springer, vol. 12(1), pages 65-112, January.
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    More about this item

    Keywords

    Corporate Social Responsibility; Managerial Ownership; Institutional Ownership; Capital Structure; Firm Value;
    All these keywords.

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration

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