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Overview


Original Research

THE INFLUENCE OF ASSET GROWTH, FINANCIAL LEVERAGE, EQUITY GROWTH, AND FINANCIAL FLEXIBILITY ON THE VALUE OF FIRM WITH FINANCIAL RISK AND CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE AS MEDIATION AND GOOD CORPORATE GOVERNANCE AS MODERATION (MINING SECTOR STUDY LISTED ON THE INDONESIAN STOCK EXCHANGE)

ROSMIATI PAKATA 1, TRI RATNAWATI 2, and HWIHANUS 3.

Vol 19, No 06 ( 2024 )   |  DOI: 10.5281/zenodo.11547055   |   Author Affiliation: Universitas 17 Agustus 1945 Surabaya 1,2,3.   |   Licensing: CC 4.0   |   Pg no: 164-176   |   Published on: 06-06-2024

Abstract

This research aims to analyze the factors that influence company value through asset growth, financial leverage, equity growth, and financial start-up, both directly and indirectly through financial risk and includes CSR, and moderated by GCG. This research uses a quantitative explanatory method using secondary data from 19 mining companies listed on the IDX for the 2017-2021 period, with Structural Equation Modeling (SEM) analysis techniques, using Partial Least Square (PLS) version 3.0. The research results show that asset growth and equity growth are significant to financial risk, while financial leverage and financial leverage are not significant. Asset growth is significant to CSR closure, while financial leverage, equity growth and financial sustainability are not significant. All main variables have a significant effect on company value, with financial risk and CSR coverage as mediators. GCG is not proven to be a moderating variable.


Keywords

Asset Growth, Financial Leverage, Equity Growth, Financial Flexibility, Company Value, Financial Risk, Corporate Social Responsibility Disclosure, Good Corporate Governance.