Pengaruh Return on Equity, Debt to Equity Ratio, dan Corporate Social Responsibility terhadap Nilai Perusahaan

Authors

  • Dhiya Hanun Azhar Inas Balikpapan University
  • Purwo Atmojo Balikpapan University
  • Ika Makherta Sutadji Balikpapan University
  • Wiwik Saraswati Balikpapan University

DOI:

https://doi.org/10.32662/gaj.v8i2.4036

Keywords:

Return On Equity, Debt to Equity Ratio, Corporate Social Responsibility

Abstract

This study aims to determine the effect of Return On Equity, Debt to Equity Ratio, and Corporate Social Responsibility on firm value. The population in this study are food and beverage sub-sector companies listed on the Indonesia Stock Exchange for the period 2021-2023. Data collection using documentation techniques. Sample selection using purposive sampling method. The sample of this study consisted of 32 companies during the 2021-2023 period. Data collection is based on the company's annual report and sustainability report and after data outliers, the total sample in this study amounted to 66 samples.  The analysis method used in this study is multiple linear regression analysis, classical assumption test, and hypothesis testing using SPSS 26. The results of this study indicate that return on equity affects firm value, corporate social responsibility affects firm value, while debt to equity ratio has no effect on firm value. Simultaneously, return on equity, debt to equity ratio, and corporate social responsibility affect firm value.

Author Biography

Dhiya Hanun Azhar Inas, Balikpapan University

Student in the Faculty of Business and Economics, Accounting Departement, Balikpapan University.

References

Darmawan. (2020). Dasar-Dasar Memahami Rasio dan Laporan Keuangan (D. M. Lestari (ed.); 1 ed.). UNY Press.

Fazrian, W., & Situngkir, T. L. (2023). Pengaruh Return on Equity, dan Debt to Equity Ratio terhadap Nilai Perusahaan pada Perusahaan Sub Sektor Farmasi BEI di Masa Pandemi Covid 19. Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah, 5(4), 1841–1848. https://doi.org/10.47467/alkharaj.v5i4.1812

Iman, C., Sari, F. N., & Pujiati, N. (2021). Pengaruh Likuiditas dan Profitabilitas Terhadap Nilai Perusahaan. Perspektif: Jurnal Ekonomi & Manajemen Universitas Bina Sarana Informatika, 19(2), 191–198. https://doi.org/10.55606/jumia.v2i1.2276

Indarti, R., Nelyumna, & Eka Sudarmaji. (2021). Pengaruh Corporate Social Responsibility, Intellectual Capital Dan Struktur Modal Terhadap Nilai Perusahaan (Studi Empiris Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia Tahun 2017-2019). Jurnal Ilmiah Akuntansi Pancasila (JIAP), 1(2), 133–148. https://doi.org/10.35814/jiap.v1i2.2574

Irawan, A., Setiawan, S., & Andini, R. D. (2022). Pengaruh Profitabilitas, Leverage, dan Kebijakan Dividen Terhadap Nilai Perusahaan pada Perusahaan LQ45. JPEKA: Jurnal Pendidikan Ekonomi, Manajemen dan Keuangan, 6(1), 1–14. https://doi.org/10.26740/jpeka.v6n1.p1-14

Karina, D. R. M., & Setiadi, I. (2020). Pengaruh Csr Terhadap Nilai Perusahaan Dengan Gcg Sebagai Pemoderasi. Jurnal Riset Akuntansi Mercu Buana, 6(1), 37. https://doi.org/10.26486/jramb.v6i1.1054

Lamba, A. B., & Atahau, A. D. R. (2022). Pengaruh Leverage Terhadap Nilai Perusahaan yang Dimediasi Profitabilitas. Reviu Akuntansi dan Bisnis Indonesia, 6(1), 16–31. https://doi.org/10.18196/rabin.v6i1.12698

Listyawati, I., & Kristiana, I. (2020). Pengaruh Return on Equity, Current Ratio, Size Company dan Debt to Equity Ratio Terhadap Nilai Perusahaan. Maksimum: Media Akuntansi Universitas Muhammadiyah Semarang, 10(2), 47–57. https://doi.org/10.26714/mki.10.2.2020.47-57

Mahanani, H. T., & Kartika, A. (2022). Pengaruh struktur modal, likuiditas, ukuran perusahaan, dan profitabilitas terhadap nilai perusahaan. Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan, 5(1), 360–372. https://doi.org/10.32670/fairvalue.v5i1.2280

Mahayati, F., Fatonah, S., & Meilisa, R. (2021). Pengaruh Return on Equity (Roe) Dan Debt To Equity Ratio (Der) Terhadap Nilai Perusahaan (Pbv) Pada Perusahaan Manufaktur Sub Sektor Logam Dan Sejenisnya Yang Terdaftar Di Bei. Jurnal Valuasi: Jurnal Ilmiah Ilmu Manajemen dan Kewirausahaan, 1(1), 258–267. https://doi.org/10.46306/vls.v1i1.26

Manggale, N., & Widyawati, D. (2021). Pengaruh Return on Equity, Leverage, Ukuran Perusahaan, Dan Pertumbuhan Penjualan Terhadap Nilai Perusahaan. Jurnal Ilmu dan Riset Akuntansi, 10(1), 1–22.

Narayana, I. P. L., & Wirakusuma, M. G. (2021). Pengungkapan CSR pada Nilai Perusahaan dengan Profitabilitas dan Ukuran Perusahaan sebagai Variabel Moderasi. E-Jurnal Akuntansi, 31(4), 862–879. https://doi.org/10.24843/eja.2021.v31.i04.p06

Nopianti, R., & Suparno. (2021). Pengaruh Struktur Modal Dan Profitabilitas Terhadap Nilai Perusahaan. Jurnal Akuntansi Kajian Ilmiah Akuntansi, 8(1), 51–61. https://doi.org/10.62739/jb.v11i1.2

Nurhayati, I., & Kartika, A. (2020). Pengaruh Struktur Modal Dan Profitabilitas Terhadap Nilai Perusahaan Dengan Kebijakan Dividen Sebagai Variabel Moderasi Pada Perusahaan Manufaktur Tahun 2016-2018. Dinamika Akuntansi, Keuangan dan Perbankan, 9(2), 133–144.

Pujianti, D., Silfi, A., & Hariyani, E. (2023). Pengaruh Corporate Social Responsibility, Profitability, Tax Planning, Dan Struktur Modal Terhadap Nilai Perusahaan Dengan Kepemilikan Manajerial Sebagai Variabel Moderating. Jurnal Kajian Akuntansi dan Auditing, 18(1), 16–31. https://doi.org/10.37301/jkaa.v18i1.100

Purnomo, M. M. (2022). Pengaruh Media Exposure, Sensitivitas Industri, Dan Growth Terhadap Corporate Social Responsibility Disclosure. Parsimonia - Jurnal Ekonomi dan Bisnis, 8(1), 27–41. https://doi.org/10.33479/parsimonia.2021.8.1.27-41

Putra, D. A., & Nurdiansyah, D. H. (2023). Pengaruh Current Ratio (CR), Return on Assets (ROA) dan Debt to Equity Ratio (DER) terhadap Nilai Perusahaan. Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah, 5(5), 2134–2147. https://doi.org/10.47467/alkharaj.v5i5.2141

Rahmantari, N. L. L. (2021). Pengaruh Corporate Social Responsibility Terhadap Nilai Perusahaan Dengan Ukuran Perusahaan Dan Profitabilitas Sebagai Variabel Moderasi Pada Perusahaan Farmasi Yang Terdaftar Di Bursa Efek Indonesia. Ganec Swara, 15(1), 813–823. https://doi.org/10.35327/gara.v15i1.179

Rasyid, C. A. M. P., Indriani, E., & Hudaya, R. (2022). Pengaruh Corporate Social Responsibility Dan Struktur Modal Terhadap Nilai Perusahaan Dengan Ukuran Perusahaan Dan Profitabilitas Sebagai Variabel Moderasi Pada Perusahaan Pertambangan. Jurnal Aplikasi Akuntansi, 7(1), 135–156. https://doi.org/10.29303/jaa.v7i1.146

Sulbahri, R. A. (2021). Pengaruh Pengungkapan Corporate Social Responsibility Terhadap Nilai Perusahaan. Jurnal Akuntansi dan Manajemen, 16(2), 215–226. https://doi.org/10.33772/jumbo.v5i1.20332

Wulandari, B., Albert, A., Harianto, F., & Sovi, S. (2021). Pengaruh DER, ROE, SG, NPM, CR, DPR terhadap Nilai Perusahaan Sektor Industri yang terdaftar di BEI. Owner: Riset & Jurnal Akuntansi, 5(1), 96–106. https://doi.org/10.33395/owner.v5i1.326

Yulfitri, R., Sutarjo, A., & Putri, S. Y. A. (2021). Pengaruh Debt To Equity Ratio (DER), Earning Per Share (EPS), dan Return On Asset (ROA) Terhadap Nilai Perusahaan Perbankan Yang Terdaftar di Bursa Efek Indonesia Periode Tahun 2013-2017. Pareso Jurnal, 3(4), 891–902. https://ejurnal-unespadang.ac.id/index.php/PJ/article/view/453

Downloads

Published

2025-09-29

How to Cite

Inas, D. H. A., Atmojo, P., Sutadji, I. M., & Saraswati, W. (2025). Pengaruh Return on Equity, Debt to Equity Ratio, dan Corporate Social Responsibility terhadap Nilai Perusahaan. Gorontalo Accounting Journal, 8(2), 299–310. https://doi.org/10.32662/gaj.v8i2.4036

Issue

Volume 8 Number 2 October 2025

Section

Articles

License

In order to be accepted and published by Gorontalo Accounting Journal, author(s) submitting the article manuscript should complete all the review stages. By submitting the manuscript, the author(s) agreed to these following terms:

1. The copyright of the accpted for publication articles shall be assigned to Gorontalo Accounting Journal as the publisher of the journal. The intended copyright includes the rights to publish articles in various forms (including reprints) as evidenced by a Statement From the author.

2. Gorontalo Accounting Journal maintain the publishing rights of the published articles. 

Authors are permitted to republish or disseminate published articles by sharing the link/DOI of the article at the Gorontalo Accounting Journal. Authors are allowed to use their articles for any legal purposes deemed necessary without written permission from the Gorontalo Accounting Journal with an acknowledgement of initial publication to this journal.

Users/public (https://jurnal.unigo.ac.id/index.php/gaj/index) use of this website will be licensed to the Creative Commons Attribution 4.0 International License (CC-BY)