The Influence of Corporate Social Responsibility on Company Value with Cash Flow as a Moderating Variable in Manufacturing Companies Listed on the Indonesia Stock Exchange

Abstract

This research points to explore the impact of corporate social obligation (CSR) on firm esteem, as spoken to by the price-to-book esteem proportion, with working cash stream acting as a directing calculate, in fabricating companies recorded on the Indonesia Stock Trade. Furthermore, three control variables return on resources, company estimate, and liquidity are included within the investigation. The test comprises of 88 firms, chosen utilizing purposive inspecting from a pool of 227 fabricating companies recorded on the trade between 2018 and 2022, coming about in 153 information focuses. Auxiliary information was gotten from ESG Insights, Thomson Reuters, and the yearly reports of the chosen companies. The examination utilized Directed Relapse Examination (MRA). The findings demonstrate that CSR and firm value have a positive and significant relationship, and that cash flow enhances this relationship in the Indonesian market.