Pengaruh Corporate Social Responsibility, Struktur Modal, dan Ukuran Perusahaan terhadap Kinerja Keuangan Perusahaan

Abstract

This study aimed to analyze the impacts of corporate social responsibility, capital structure, and firm size on corporate financial performance. Corporate social responsibility was measured by using CSRDI (Corporate Social Responsibility Disclosure Index). Capital structure was measured by using solvability ratio. Firm size was measured by using multiplication of natural logarithm with revenues and multiplication of logarithm with beginning year market value. Corporate financial performance was measured by using liquidity ratio, activity ratio, and profitability ratio. This study include intellectual capital as control variable. Purposive sampling method was used by data collecting on this study. Total number of samples were 50 service sector companies which listed on Indonesian Stock Exchange with 2011-2015 years observation. Structural equation model (SEM) was used as analyses tool in this study with using partial least squares path modeling (PLS-SEM) technique that was helped by PLS software. The results of this study showed that corporate social responsibility has positive impact and it is significantly affects corporate financial performance. Meanwhile capital structure and firm size have negative impact and significantly affect corporate financial performance.