The Influence of Return on Assets, Corporate Social Responsibility, and Managerial Ownership on Company Value with Company Size as a Moderating Variable in Energy Sector Companies Listed on the Indonesia Stock Exchange

Mayda Krismonia; Fuad Ramdhan  Ryanto

doi:10.47616/jamrems.v6i1.592

Authors

Mayda Krismonia Management Study Program, Faculty of Economics and Business, Muhammadiyah University of Pontianak
Fuad Ramdhan Ryanto Management Study Program, Faculty of Economics and Business, Muhammadiyah University of Pontianak

DOI:

https://doi.org/10.47616/jamrems.v6i1.592

Keywords:

Return on Asset, Corporate Social Responsibility, Managerial Ownership, Company Size, Company Value

Abstract

This research seeks to examine the effect of Return on Asset, Corporate Social Responsibility, and Managerial Ownership towards Firm Value with Firm Size as a moderator in energy sector firms listed on the Indonesia Stock Exchange (IDX). This research employs an associative method with a purposive sampling technique, and the population of the study is 87 issuers in the energy sector. The results of the Correlation Coefficient Test (R Test) indicate that the independent variables have a very strong relationship with Firm Value, with a 0.999 correlation in the first equation and 1.000 in the second equation. The Coefficient of Determination Test (R²) indicates that Return on Asset, Corporate Social Responsibility, and Managerial Ownership can explain Firm Value by as much as 99.9%, and with the moderating variable Firm Size, its effect reaches 100%. As revealed through the outcome of the Moderated Regression Analysis, Firm Size is able to prove itself as a moderator of the influence of Return on Asset, Corporate Social Responsibility, and Managerial Ownership on Firm Value. The outcome of the Simultaneous Test (F Test) and Partial Test (t Test) also reveals that the variables affect Company Value simultaneously and partially in a significant manner.

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