The Effect of Corporate Social Responsibility Disclosure, Company Size, and Good Corporate Governance on Company Value
Keywords:
Corporate Social Responsibility Disclosure, Company Size, Audit Committee, Managerial Ownership, Institutional Ownership. and Company ValueAbstract
Using a carefully selected sample of 8 property and real estate companies, this study deeply explores the influence of various factors, such as corporate environmental and social concerns, business scale, and good corporate governance practices, on the valuation of property and real estate companies listed on the Indonesia Stock Exchange during the period 2018-2022. Through multiple linear regression analysis, this study successfully uncovers the complex dynamics between CSR disclosure practices, company capacity, and ownership structure on company valuation. The results of the analysis indicate a paradox, where companies that are more vocal in communicating their CSR practices tend to have lower valuations. Conversely, larger company size and the presence of an effective audit committee contribute positively to increasing company value. Neither institutional shareholding nor company management has been shown to affect company value.
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