THE ROLE OF PERFORMANCE ON THE RELATIONSHIP FACTORS AFFECTING FIRM VALUE
Abstract
This research aims to examine the effect of green accounting, Corporate Social Responsibility, institutional ownership, board size on firm value with the moderating role of company performance proxied by profitability. This research is quantitative research. Data collection was carried out using secondary data obtained through annual reports listed on the Indonesia Stock Exchange. This study used 46 manufacturing companies from the period 2017-2021. Sampling was carried out using purposive sampling method. The results of this study found that green accounting, institutional ownership, board size have no significant effect on firm value. However, only Corporate Social Responsibility has a significant effect on firm value. Furthermore, performance strengthens the relationship between green accounting and firm value. Performance strengthens the relationship between CSR and firm value. Meanwhile, performance weakens the relationship between institutional ownership and firm value. Performance weakens the relationship between board size and firm value.
References
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Johl, S. K., Kaur, S., & Cooper, B. J. (2015). Board Characteristics and Firm Performance: Evidence from Malaysian Public Listed Firms. Journal of Economics, Business and Management, 3(2), 239–243. https://doi.org/10.7763/joebm.2015.v3.187
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Kao, M. F., Hodgkinson, L., & Jaafar, A. (2019). Ownership structure, board of directors and firm performance: evidence from Taiwan. Corporate Governance (Bingley), 19(1), 189–216. https://doi.org/10.1108/CG-04-2018-0144
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Published
2025-12-31
How to Cite
NABILA, Riezka Laila; SAFIQ, Muhamad.
THE ROLE OF PERFORMANCE ON THE RELATIONSHIP FACTORS AFFECTING FIRM VALUE.
Soedirman Accounting, Auditing and Public Sector Journal, [S.l.], v. 4, n. 2, p. 253-277, dec. 2025.
ISSN 2962-2336.
Available at: <https://jos.unsoed.ac.id/index.php/saap/article/view/20379>. Date accessed: 07 may 2026.
doi: https://doi.org/10.32424/1.saap.2025.4.2.20379.
Section
article
