The Effect of Business Strategy, Profitability, Environmental Performance, and Corporate Social Responsibility on Firm Value
DOI:
https://doi.org/10.38035/dijefa.v7i4.7402Keywords:
Firm Value, Business Strategy, Profitability, Environmental Performance, Corporate Social Responsibility, Signaling TheoryAbstract
This study aims to examine the effect of business strategy, profitability, environmental performance, and CSR on firm value in oil, gas, and coal subsector companies listed on Indonesia Stock Exchange (IDX) during 2019 – 2023. The methode used is a quantitative descriptive method. This research employs multiple linear regression analysis using SPSS 26 stratistical software. The research sample consists of 30 companies selected through a purposive sampling technique, resulting in 91 units of research data obtained from company’s annual financial reports published on IDX. The independent variables studied are business strategy, profitability, environmental performance, and corporate social responsibility, with leverage and liquidity as control variables. The results indicate that profitability and environmental performance have a positive significant effect on firm value, while business strategy and CSR not is not significantly affect firm value.
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