The Impact of CSR Disclosure on Firm Value: Moderating Roles of Profitability and Firm Size

Abstract

This study aims to gather empirical data on the impact of Corporate
Social Responsibility (CSR) disclosure on firm value, using profitability
and firm size as moderating variables. The research was conducted on
the mining industry listed on the Indonesian Stock Exchange (BEI) for
the period 2019-2022. The total sample in this study comprised 15
companies, selected using purposive sampling. The data analysis
strategy employed is Moderated Regression Analysis (MRA). The
results of the data analysis show that CSR disclosure positively impacts
firm value. However, profitability and firm size do not moderate the
impact of CSR disclosure on firm value. This study implies that it can
assist investors in making informed decisions before investing.