Do Corporate Social Responsibility, Return on Assets, and Liquidity Matter for Firm Value? Evidence from Mining Companies in the Kompas 100 Index
Downloads
This study aims to examine the effects of corporate social responsibility, return on assets, and current ratio on price-to-book value for mining sector companies listed on the Kompas 100 Index 2017-2024. Seven companies were selected using purposive sampling. This research employed multiple linear regression analysis in Eviews-12, with the best model being the Fixed Effect Model (FEM). The results indicate that Corporate Social Responsibility partially has a negative, insignificant effect on Price to Book Value, Return on Assets has a significant, positive effect on Price to Book Value, and the Current Ratio has a significant, positive effect on Price to Book Value. Simultaneous analysis showed that Corporate Social Responsibility, Return on Assets, and the Current Ratio have a simultaneous and significant effect on Price to Book Value. The R-Square value of 0.613084 indicates that the independent variable explains and influences the dependent variable by 61.31%, while the remaining 38.69% is explained by other variables not examined. Companies are expected to optimize their financial performance and consistently implement corporate social responsibility to provide positive signals to market perceptions, thereby increasing stock prices.
CNBC Indonesia, “Jumlah Investor {RI} Capai 6,43 Juta, Didominasi Kaum Milenial,” 2021.
N. Mauliddah and M. S. Tyasha Ayu, “Good Corporate Governance dalam Memprediksi Profitabilitas Perusahaan Pertambangan yang Go Public di Indonesia,” Equilib. J. Ekon., vol. 18, no. 2, pp. 111–121, 2022, doi: 10.30742/equilibrium.v18i2.2538.
E. F. Brigham and J. F. Houston, Dasar-Dasar Manajemen Keuangan, 14th ed. Salemba Empat, 2018.
D. M. D. Januari and I. M. S. Suardikha, “Pengaruh Corporate Social Responsibility, Sales Growth, dan Profitabilitas Terhadap Tax Avoidance,” E-Jurnal Akunt. Univ. Udayana, vol. 27, pp. 1653–1677, 2019, doi: 10.24843/EJA.2019.v27.i03.p01.
I. K. G. A. M. Sudarma and N. P. A. Darmayanti, “Pengaruh {CSR}, Kepemilikan Manajerial dan Profitabilitas Terhadap Nilai Perusahaan Sektor Pertambangan pada Indeks Kompas 100,” E-Jurnal Manaj. Unud, vol. 6, pp. 1906–1932, 2017.
A. Fitriana, Analisis Laporan Keuangan. Medan: CV. Malik Rizki Amanah, 2024.
I. R. Purba and A. Mahendra, “Pengaruh Working Capital Turnover ({WCT}), Current Ratio ({CR}), Debt To Equity Ratio ({DER}), dan Return On Asset ({ROA}) Terhadap Nilai Perusahaan pada Perusahaan Properti dan Real Estate yang Terdaftar di Bursa Efek Indonesia Periode 2017--2020,” JRAK, vol. 8, no. 1, pp. 61–76, 2022.
D. Fatihudin, Metodologi Penelitian: untuk Ilmu Ekonomi, Manajemen dan Akuntansi dari Teori ke Praktek, Revisi. Sidoarjo: Zifatama, 2024.
F. Setiawati and P. H. Adi, “Pengaruh Corporate Social Responsibility Terhadap Tax Avoidance pada Perusahaan Manufaktur yang Terdaftar pada Bursa Efek Indonesia Tahun 2014--2017,” J. Ilm. Akunt. dan Keuang., vol. 9, no. 2, 2020.
W. R. Murhardi, Analisis Laporan Keuangan, Proyeksi dan Valuasi Saham. Jakarta: Salemba Empat, 2015.
H. M. Himawan, “Pengaruh Profitabilitas, Ukuran Perusahaan, dan Leverage Terhadap Nilai Perusahaan pada Perusahaan Properti dan Real Estate yang Go Public di Bursa Efek Indonesia Periode 2016--2018,” J. Ilm. Mhs. FEB Univ. Brawijaya, pp. 25–27, 2020.
A. T. R. B. Yani and R. A. Halim, “The Effect of Corporate Social Responsibility and Company Size on Company Value,” Assets J. Ilm. Ilmu Akuntansi, Keuang. dan Pajak, vol. 7, no. 1, pp. 35–44, 2023, doi: 10.30741/assets.v7i1.930.
I. F. Syahputri, A. Prayudi, and N. Aisyah, “Pengaruh Corporate Social Responsibility dan Return on Asset serta Firm Size Terhadap Nilai Perusahaan pada Perusahaan Pertambangan yang Terdaftar pada Bursa Efek Indonesia Tahun 2018--2022,” J. Soc. Sci. Res., vol. 5, pp. 6617–6634, 2025.
K. R. Dwiputra and S. R. Cusyana, “Pengaruh {DAR}, {ROA}, {NPM} terhadap {PBV} pada Perusahaan Sektor Konstruksi dan Properti yang Terdaftar di Bursa Efek Indonesia Tahun 2016--2020,” J. Akunt. dan Manaj., vol. 1, no. 0, pp. 62–73, 2022.
S. Sirait, E. N. Sari, and M. F. Rambe, “Pengaruh Current Ratio, Debt To Equity Ratio dan Return On Assets Terhadap Price To Book Value dengan Divident Payout Ratio sebagai Variabel Intervening pada Perusahaan Manufaktur Sub Sektor Farmasi,” J. AKMAMI (Akutansi, Manajemen, Ekon., vol. 2, no. 2, pp. 287–299, 2021.
.png)