WAHYUDI, Sugeng (2018) ANALYSIS OF EFFECT OF FIRM SIZE, INSTITUTIONAL OWNERSHIP, PROFITABILITY, AND LEVERAGE ON FIRM VALUE WITH CORPORATE SOCIAL RESPONSIBILITY (CSR) DISCLOSURE AS INTERVENING VARIABLES (Study on Banking Companies Listed on BEI Period 2012-2016). Jurnal Bisnis STRATEGI, 27 (2). ISSN P-ISSN : 1410-1246, E-ISSN : 2580-1171

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Abstract

The main objective of the company survives in the stringent competitive by maximizing
the value of the company to shareholder wealth. Firm value is experiencing a downward trend is
a problem that must be resolved. The banking company also undertakes a social responsibility
that is perceived to have a positive impact on the company's image. This study aimed to analyze
the effect of the firm size, institutional ownership, profitability, and leverage with corporate social
responsibility (CSR) disclosure as a variable intervening.
Populations are banking companies listed on the Indonesia Stock Exchange Period 20122016.

Sampling technique used is purposive sampling with 29 companies selected according to
predetermined criteria. This research is done by using multiple linear regression analysis methods
and path analysis also Sobel test to examine the effect of intervening.
Test results with CSRD as the dependent variable indicate that institutional ownership
and Leverage have no effect on CSRD While firm size and profitability (ROA) have a positive
significant effect on CSRD. The result of testing with Firm Value (Tobins'Q) as the dependent
variable indicates that Firm Size, Institutional Ownership, and Profitability (ROA) have no effect
on Firm Value (Tobins'Q). Leverage (DAR) has a negative and significant influence on Firm Value
(Tobins'Q) while CSRD has a significant positive effect on Firm Value (Tobins'Q). CSRD does not
mediate the effect of Institutional Ownership, Profitability (ROA) and Leverage (DAR) on Firm
Value (Tobins'Q). CSRD mediates the effect of Firm Size on Firm Value (Tobins'Q).

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