{"title":"企业社会责任、资本结构和股票价格对企业价值的影响","authors":"Indah Majidah, Desi Jelanti","doi":"10.55047/marginal.v2i4.752","DOIUrl":null,"url":null,"abstract":"Corporate social responsibility (CSR), capital structure, and stock prices have garnered significant attention due to their potential impact on a firm's overall value. Corporate social responsibility involves a company's commitment to ethical and sustainable practices, extending beyond profit generation to encompass social and environmental considerations. On the other hand, capital structure reflects a company's financing composition, encompassing the balance between debt and equity. Stock prices reflect the market's perception of a company's worth and performance. This research aimed to analyze the influence of corporate social responsibility, capital structure, and stock prices on firm value within the banking sub-sector companies during the period 2017-2021. The study utilized panel data regression as its analytical technique. The sample was selected using purposive sampling from secondary data, specifically financial reports. The analysis included 33 companies observed over a 5-year period, resulting in a total of 165 data points for the investigation. Hypothesis testing was conducted using the Eviews series 9 application. The findings from the tests indicated a statistically significant simultaneous impact of corporate social responsibility, capital structure, and stock prices on firm value. However, the research revealed that corporate social responsibility, when assessed independently, did not exhibit a statistically significant impact on firm value. Conversely, the analyses demonstrated that both capital structure and stock prices had a statistically significant partial effect on firm value.","PeriodicalId":189292,"journal":{"name":"MARGINAL JOURNAL OF MANAGEMENT ACCOUNTING GENERAL FINANCE AND INTERNATIONAL ECONOMIC ISSUES","volume":"110 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2023-08-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"THE INFLUENCE OF CORPORATE SOCIAL RESPONSIBILITY, CAPITAL STRUCTURE, AND STOCK PRICE ON FIRM VALUE\",\"authors\":\"Indah Majidah, Desi Jelanti\",\"doi\":\"10.55047/marginal.v2i4.752\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Corporate social responsibility (CSR), capital structure, and stock prices have garnered significant attention due to their potential impact on a firm's overall value. 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The findings from the tests indicated a statistically significant simultaneous impact of corporate social responsibility, capital structure, and stock prices on firm value. However, the research revealed that corporate social responsibility, when assessed independently, did not exhibit a statistically significant impact on firm value. 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引用次数: 0
摘要
企业社会责任(CSR)、资本结构和股票价格因其对公司整体价值的潜在影响而备受关注。企业社会责任包括公司对道德和可持续实践的承诺,不仅限于创造利润,还包括对社会和环境的考虑。另一方面,资本结构反映了公司的融资构成,包括债务和股权之间的平衡。股票价格反映了市场对公司价值和业绩的看法。本研究旨在分析2017-2021年期间银行分行业公司的企业社会责任、资本结构和股价对公司价值的影响。本研究采用面板数据回归作为分析技术。样本是使用有目的的抽样从二手数据中选择的,特别是财务报告。该研究对33家公司进行了为期5年的分析,共收集了165个数据点。使用Eviews series 9应用程序进行假设检验。测试结果表明,企业社会责任、资本结构和股票价格对企业价值的同时影响具有统计学意义。然而,研究表明,当独立评估时,企业社会责任对企业价值的影响在统计上并不显著。相反,分析表明,资本结构和股票价格对公司价值有统计上显著的部分影响。
THE INFLUENCE OF CORPORATE SOCIAL RESPONSIBILITY, CAPITAL STRUCTURE, AND STOCK PRICE ON FIRM VALUE
Corporate social responsibility (CSR), capital structure, and stock prices have garnered significant attention due to their potential impact on a firm's overall value. Corporate social responsibility involves a company's commitment to ethical and sustainable practices, extending beyond profit generation to encompass social and environmental considerations. On the other hand, capital structure reflects a company's financing composition, encompassing the balance between debt and equity. Stock prices reflect the market's perception of a company's worth and performance. This research aimed to analyze the influence of corporate social responsibility, capital structure, and stock prices on firm value within the banking sub-sector companies during the period 2017-2021. The study utilized panel data regression as its analytical technique. The sample was selected using purposive sampling from secondary data, specifically financial reports. The analysis included 33 companies observed over a 5-year period, resulting in a total of 165 data points for the investigation. Hypothesis testing was conducted using the Eviews series 9 application. The findings from the tests indicated a statistically significant simultaneous impact of corporate social responsibility, capital structure, and stock prices on firm value. However, the research revealed that corporate social responsibility, when assessed independently, did not exhibit a statistically significant impact on firm value. Conversely, the analyses demonstrated that both capital structure and stock prices had a statistically significant partial effect on firm value.