CSR and Ownership Structure’s Impact on Firm Value via Financial Performance
This study aims to investigate the impact of Corporate Social Responsibility (CSR) and Ownership Structure on Firm Value, with Financial Performance serving as a mediating factor. The research sample comprises manufacturing companies publicly listed on the Indonesia Stock Exchange during the period...
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| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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EDP Sciences
2025-01-01
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| Series: | SHS Web of Conferences |
| Subjects: | |
| Online Access: | https://www.shs-conferences.org/articles/shsconf/pdf/2025/03/shsconf_icarsess2024_04035.pdf |
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| _version_ | 1849773012043169792 |
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| author | Indarwanta Didik Marini Wulandari Asih Prabowo Agung Irfan Muafi Muhammad Tegar Gunung Koraag Satrio |
| author_facet | Indarwanta Didik Marini Wulandari Asih Prabowo Agung Irfan Muafi Muhammad Tegar Gunung Koraag Satrio |
| author_sort | Indarwanta Didik |
| collection | DOAJ |
| description | This study aims to investigate the impact of Corporate Social Responsibility (CSR) and Ownership Structure on Firm Value, with Financial Performance serving as a mediating factor. The research sample comprises manufacturing companies publicly listed on the Indonesia Stock Exchange during the period of 2018–2022. This study adopts an explanatory research approach. The data analysis methods employed include financial ratio analysis, descriptive analysis, and inferential analysis. For inferential statistical analysis, the study utilizes Warp Partial Least Square (WarpPLS).The research findings reveal that Corporate Social Responsibility significantly affects Firm Value but does not have a significant impact on Financial Performance. These results provide empirical support for the legitimacy theory and signaling theory, highlighting the importance of CSR disclosure. Companies that engage more in CSR activities tend to enhance their image or value in the long term. Additionally, the study finds that Ownership Structure significantly influences both Financial Performance and Firm Value. Financial Performance, in turn, has a significant effect on Firm Value. These findings empirically demonstrate that Ownership Structure serves as an effective mechanism for controlling and monitoring managers. |
| format | Article |
| id | doaj-art-eeef0ada12b546be90b993408aa38ea7 |
| institution | DOAJ |
| issn | 2261-2424 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | SHS Web of Conferences |
| spelling | doaj-art-eeef0ada12b546be90b993408aa38ea72025-08-20T03:02:10ZengEDP SciencesSHS Web of Conferences2261-24242025-01-012120403510.1051/shsconf/202521204035shsconf_icarsess2024_04035CSR and Ownership Structure’s Impact on Firm Value via Financial PerformanceIndarwanta Didik0Marini Wulandari Asih1Prabowo Agung2Irfan Muafi Muhammad3Tegar Gunung Koraag Satrio4Universitas Pembangunan Nasional Veteran YogyakartaUniversitas Pembangunan Nasional Veteran YogyakartaUniversitas Pembangunan Nasional Veteran YogyakartaUniversitas Pembangunan Nasional Veteran YogyakartaUniversitas Pembangunan Nasional Veteran YogyakartaThis study aims to investigate the impact of Corporate Social Responsibility (CSR) and Ownership Structure on Firm Value, with Financial Performance serving as a mediating factor. The research sample comprises manufacturing companies publicly listed on the Indonesia Stock Exchange during the period of 2018–2022. This study adopts an explanatory research approach. The data analysis methods employed include financial ratio analysis, descriptive analysis, and inferential analysis. For inferential statistical analysis, the study utilizes Warp Partial Least Square (WarpPLS).The research findings reveal that Corporate Social Responsibility significantly affects Firm Value but does not have a significant impact on Financial Performance. These results provide empirical support for the legitimacy theory and signaling theory, highlighting the importance of CSR disclosure. Companies that engage more in CSR activities tend to enhance their image or value in the long term. Additionally, the study finds that Ownership Structure significantly influences both Financial Performance and Firm Value. Financial Performance, in turn, has a significant effect on Firm Value. These findings empirically demonstrate that Ownership Structure serves as an effective mechanism for controlling and monitoring managers.https://www.shs-conferences.org/articles/shsconf/pdf/2025/03/shsconf_icarsess2024_04035.pdfcorporate social responsibilityownership structurefirm valuefinancial performance |
| spellingShingle | Indarwanta Didik Marini Wulandari Asih Prabowo Agung Irfan Muafi Muhammad Tegar Gunung Koraag Satrio CSR and Ownership Structure’s Impact on Firm Value via Financial Performance SHS Web of Conferences corporate social responsibility ownership structure firm value financial performance |
| title | CSR and Ownership Structure’s Impact on Firm Value via Financial Performance |
| title_full | CSR and Ownership Structure’s Impact on Firm Value via Financial Performance |
| title_fullStr | CSR and Ownership Structure’s Impact on Firm Value via Financial Performance |
| title_full_unstemmed | CSR and Ownership Structure’s Impact on Firm Value via Financial Performance |
| title_short | CSR and Ownership Structure’s Impact on Firm Value via Financial Performance |
| title_sort | csr and ownership structure s impact on firm value via financial performance |
| topic | corporate social responsibility ownership structure firm value financial performance |
| url | https://www.shs-conferences.org/articles/shsconf/pdf/2025/03/shsconf_icarsess2024_04035.pdf |
| work_keys_str_mv | AT indarwantadidik csrandownershipstructuresimpactonfirmvalueviafinancialperformance AT mariniwulandariasih csrandownershipstructuresimpactonfirmvalueviafinancialperformance AT prabowoagung csrandownershipstructuresimpactonfirmvalueviafinancialperformance AT irfanmuafimuhammad csrandownershipstructuresimpactonfirmvalueviafinancialperformance AT tegargunungkoraagsatrio csrandownershipstructuresimpactonfirmvalueviafinancialperformance |