VOlUME 04 ISSUE 02 FEBRUARY 2021
1Lidya Ayu Prastika, 2Evi Maria, 3Edi Sudiarto
1,2,3STIE Malangkucecwara, Terusan Candi Kalasan Malang Indonesia
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ABSTRACT
The purpose of this research is to verify the impact of corporate social responsibility and managerial ownership towards the firm value with profitability as an intervening variable. The independent variables used are corporate social responsibility and managerial ownership. The dependent variable used is firm value. The intervening variable used is profitability. The population in the research is mining companies listed on the Indonesian Stock Exchange in the 2016-2018 period. The sampling method used is the purposive sampling method with a sample of 22 companies for 3 years so that the total sample is 66. This research analysis method using descriptive statistics, classic assumption test which includes normality test, heteroscedasticity test, autocorrelation test, and multicollinearity test. Multiple linear regression analysis, hypothesis testing which includes the coefficient determination test, F statistical test, t statistical test, and path analysis. The result of this research indicates that corporate social responsibility does not affect firm value. Managerial ownership and profitability have a significant positive effect on firm value. Corporate social responsibility and managerial ownership do not affect profitability. Then corporate social responsibility with profitability as intervening variable significant negative effect on firm value. Managerial ownership with profitability as an intervening variable does not affect firm value.
KEYWORDSCorporate Social Responsibility, Managerial Ownership, Firm’s Value, Profitability
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