Research Article
The Effect of Financial Performance and Corporate Social Responsibility on Firm Value: A Study on Transportation and Logistics Companies Listed on the Indonesia Stock Exchange
@INPROCEEDINGS{10.4108/eai.1-11-2023.2355311, author={Devi Farah Azizah and M Mukhlisin}, title={The Effect of Financial Performance and Corporate Social Responsibility on Firm Value: A Study on Transportation and Logistics Companies Listed on the Indonesia Stock Exchange}, proceedings={Proceedings of the 6th Annual International Conference on Business and Public Administration, AICOBPA 2023, 1 November 2023, Malang, Indonesia}, publisher={EAI}, proceedings_a={AICOBPA}, year={2025}, month={12}, keywords={return on assets bet-to-equity ratio corporate social responsibility firm value transportation and logistic}, doi={10.4108/eai.1-11-2023.2355311} }- Devi Farah Azizah
M Mukhlisin
Year: 2025
The Effect of Financial Performance and Corporate Social Responsibility on Firm Value: A Study on Transportation and Logistics Companies Listed on the Indonesia Stock Exchange
AICOBPA
EAI
DOI: 10.4108/eai.1-11-2023.2355311
Abstract
This study examines the effect of financial performance, which is proxied by return on assets (ROA) as a profitability indicator, debt-to-equity ratio (DER) as a leverage indicator, and Global Reporting Initiative Standard as a corporate social responsibility (CSR) indicator, on firm value which is proxied by Tobin's Q. This is explanatory research with a quantitative approach. The target population comprises transportation and logistic companies publicly traded on the Indonesia Stock Exchange during 2018-2022. The sampling technique used is purposive sampling, and 8 companies were selected from a total population of 34. This research used descriptive data analysis and multiple linear regression analysis. The results of this study indicate that return on assets has a significant positive effect on Tobin's Q. The debt-to-equity ratio has no significant effect on Tobin's Q, and CSR has no significant effect on Tobin's Q.
