Authors :
Ovi Itsnaini Ulynnuha; Maulidyah Indira Hasmarini; Adinda Putri Wahyuningtyas; Anabilla Khoirunnisa
Volume/Issue :
Volume 7 - 2022, Issue 9 - September
Google Scholar :
https://bit.ly/3IIfn9N
Scribd :
https://bit.ly/3ChXSfg
DOI :
https://doi.org/10.5281/zenodo.7159288
Abstract :
In order to continue their existence and
remain competitive in the business sector,
companiesoperational activities necessitate an increase
in finance. Funding for a business can be impacted by a
number of variables. This study aims to analyze the
effectof CSR performance on the cost of equity capital
and the effect of CSR performance on the cost of equity
capital using capital structure as a moderator. This
study's sample consists of 202 non-financial businesses
listed on the Indonesia Stock Exchange (IDX)
throughout the course of three years, 2017-2019. The
data were examined usingthe classical assumption test,
multiple regression methods, and moderated regression
analisis. The results of this study indicatethat CSR
performance negatively impacts the cost of equity
capital in Indonesia. In contrast, the moderation test
indicates that capital structure cannot alter the
relationship between CSR performance and the cost of
equity capital.
Keywords :
CSR performance; cost of equity capital; capital structure; moderated regression analysis.
In order to continue their existence and
remain competitive in the business sector,
companiesoperational activities necessitate an increase
in finance. Funding for a business can be impacted by a
number of variables. This study aims to analyze the
effectof CSR performance on the cost of equity capital
and the effect of CSR performance on the cost of equity
capital using capital structure as a moderator. This
study's sample consists of 202 non-financial businesses
listed on the Indonesia Stock Exchange (IDX)
throughout the course of three years, 2017-2019. The
data were examined usingthe classical assumption test,
multiple regression methods, and moderated regression
analisis. The results of this study indicatethat CSR
performance negatively impacts the cost of equity
capital in Indonesia. In contrast, the moderation test
indicates that capital structure cannot alter the
relationship between CSR performance and the cost of
equity capital.
Keywords :
CSR performance; cost of equity capital; capital structure; moderated regression analysis.
