AbstractFirm Values of manufacturing company in Indonesia is influenced by various factors of financial and non-financial that can be measured using financial ratios,good governance, and social responsibilitypractices in the company. The purpose of this study was to analyze the effect of financial performance proxied by Profitabilityand Solvability, Good Corporate Governance (GCG), and Corporate Social Responsibility (CSR) on the firm value,withInvestment Opportunity set (IOS) as a moderating variable. The firm value in this study was proxied by Tobins’q.The population of this research is manufacturing companywithchemical industry subsectors listed in the Indonesia Stock Exchange (BEI) in 2013-2015. The sampling method used is purposive sampling and acquired 31 companies in thissample. The analytical method used is moderatingregression analysis.Based on the results of hypotheses testing, there wasSolvabilityand IOS had positiveeffect on firm value, while Profitability, GCG, and CSR hadno effect on the firm value. The use of a moderating variable Investment Opportunity Set (IOS) is not able to strengthen the influence of profitability, solvability, GCG and CSR onthefirm value.Keywords:Profitability;Solvability; Good Corporate Governance;Corporate Social Responsibility;Investment Opportunity Set;Firm Value.Submission date:2019-07-10Accepted date:2019-08-14PENDAHULUANTujuan utama suatuperusahaan adalah untuk memperolehkeuntungan (profit). Konsep orientasi pada laba ini telah diterapkan sejak lama yang menyebabkan perkembangan pelaporan akuntansi lebih digunakan sebagai alat untuk mencerminkan serta bentuk implementasi pertanggungjawaban terhadap pemilik modal. Perusahaan
Oleh :
Susi Dwimulyani
