ABSTRACT

Hadi Mahmudah. 301 07 21 025. 2011. The influence of CSR Disclosure to the Firm Value with Financial Performance and Going Concern Value As Intervening Variables (Empirical Study at Manufacturing Company listed on Indonesia Stock Exchange) CSR issue influences the corporate business performance, so that the corporate is demanded to be responsive. Firm value is an important concept for investor. The aims of the research are to perceive: (1) the influence of CSR disclosure to firm value, (2) the influence of CSR disclosure to the firm value with financial performance as intervening variable. (3) The influence of CSR disclosure to the firm value with going concern value as intervening variable. The research took 35 manufacturing companies listed on Indonesia Stock Exchange from 2007 to 2009 for the population by purposive judgement sampling. Data was collected by content analysis and documentation method with the observation period during 3 years. The analysis method used path analysis with SPSS 17 version. The results show that CSR disclosure does not influence the firm value directly, and the firm value with financial performance as variable intervening does not either. While the indirectly CSR disclosure to the firm value through going concern indicates significant value. Keywords: CSR Disclosure, Firm Value, Financial Performance, Going Concern Value.

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