Abstract
The study aims to test and analyze the influence of CSR as measured by Economic Performance, Environmental Performance, and Social Performance on Firm Value measured using Tobin’s Q with profitability as a mediation variable. The object of this research is the information communication sector, health sector, agricultural sector, electricity sector, and real estate sector, and they were analyzed with statistical methods used is Partial Least Square (PLS). The results of this study showed that Economic Performance, Environmental Performance, and Social Performance had no effect on Return on Equity (ROE) and Tobin’s Q, while Return on Equity (ROE) had an effect on Tobin’s Q either.
Highlights
Communities and economies around the world have faced such an unprecedented surprise
The Partial Least Square (PLS) approach can be used for research that requires confirmation of the relationship between variables, PLS is an analytical method that does not have a basis on which the number of samples must be at least 100 because in this study using a sample of 75, PLS does not question the normality of the data distribution because PLS does not concern about the number of samples below 100 samples
It can be seen that the Corporate Social Responsibility variable as measured by Economic Performance has a mean of 0.442 and a standard deviation of 0.1657. with a minimum value of 0.22 which is owned by Astra Agro Ali Tbk that is engaged in the agriculture sector, Royal Prima Tbk in the health sector, Bhuwanatala Indah Permai Tbk, Ciputra Development Tbk, Natura City Development Tbk, Intiland Development Tbk, Jaya Real Property Tbk in the real estate sector and a maximum value of 1.00 owned by Duta Pertiwi Tbk in the real estate sector
Summary
Communities and economies around the world have faced such an unprecedented surprise. The situation of the Covid-19 pandemic that occurred in Indonesia has resulted in many sectors that are paralyzed and severely affected by the existence of this transmitted virus, one of which is in the field of transportation and warehousing industry. In terms of flight transportation, due to the implementation of PSBB by the government, many customers continue to cancel flight schedules due to the outbreak, but some airlines still fly even though the seats are not full. This incident allows the government to reorganize and formulate new policies so that the industry can survive this pandemic era
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