CORPORATE SOCIAL RESPONSIBILITY IMPLEMENTATION AND ITS EFFECT ON FIRM VALUE: THE MODERATING ROLE OF AUDIT TENURE AND FIRM SIZE FROM LISTED SOEs COMPANIES IN IDX (2013–2022)

Abstract

Corporate social responsibility has become the focus of increasing attention in the business world because of its potential to affect the company's financial performance, reputation and firm value. However, with audit tenure and firm size as moderating variables, CSR does not necessarily increase firm value. This phenomenon is interesting to investigate further. The purpose of this research is to determine the effect of CSR on firm value with audit tenure and firm size as moderating variables. This research was conducted with a focus on state-owned enterprises (SOES) listed on the IDX for the period 2013-2022, with a total of 110 samples of SOES. From the test it was found that CSR has a significant positive effect on Firm Value, Audit tenure is not able to moderate the relationship between CSR and firm value in companies with long audit tenure. Meanwhile, firm size moderates the relationship between CSR and firm value, in companies with larger size. From the analysis, it can be concluded that only firm size is able to moderate significantly the relationship between corporate social responsibility and Firm Value in SOES companies.