FILANTROPI  SEBAGAI  PREDIKTOR  NILAI PERUSAHAAN MELALUI KINERJA KEUANGAN

Suwandi Ng; Fransiskus Eduardus DAROMES; Merlin Lukita; Yakobus K Bangun; Lukman Lukman

doi:10.36766/ijag.v4i2.125

FILANTROPI SEBAGAI PREDIKTOR NILAI PERUSAHAAN MELALUI KINERJA KEUANGAN

Suwandi Ng, Fransiskus Eduardus DAROMES, Merlin Lukita, Yakobus K Bangun, Lukman Lukman

Abstract

This research demonstrates that philanthropic activity is a predictor of firm value through financial performance. The population used is all non-financial companies listed on the Indonesia Stock Exchange (BEI) for the 2015-2018 period. The number of samples is 101 companies each year, which were selected by purposive sampling method. The results of this study indicate that philanthropy has a significant effect on financial performance but not significant on firm value. However, another finding reveals that financial performance has a significant effect on firm value. Based on Sobel's test results, it shows that financial performance mediates the effect of philanthropy on firm value.

Keywords

philanthropy, financial performance, firm value

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DOI: https://doi.org/10.36766/ijag.v4i2.125