The Effect of Corporate Social Responsibility Disclosure, Profitability, and Liquidity on Firm Value

Abstract

The purpose of this study was to obtain empirical evidence regarding the effect
of Corporate Social Responsibility Disclosure, Profitability and Liquidity on
Firm Value. This research was conducted at manufacturing companies listed
on the Indonesia Stock Exchange period 2019-2021. The sampling technique
used was purposive sampling and the results obtained from the selection of
samples used as objects of observation were 213 company data. The data
analysis technique used is multiple linear regression analysis. Based on the
analysis conducted, it was found that Corporate Social Responsibility
Disclosure has no effect on firm value, profitability has a positive effect on firm
value, and liquidity has no effect on firm value. This research can confirm the
signal theory in relation to firm value.