The Influence of Profitability and the Independent Board of Commissioners on Firm Value with ISR Disclosure as an Intervening Variable
Date Published : 22 October 2024
Contributors
Alviani Indraswari
Author
Devi Narulitasari
Author
Keywords
Firm Value
ISR Disclosure
Profitability
Independent board of commissioners
Proceeding
Track
General Track
Abstract
The market capitalization of Sharia stocks experienced an increase in 2022. The Sharia stock with the highest market capitalization was ISSI. Market capitalization indicates the market value of a company's outstanding shares. Companies with large market capitalizations are often considered good investments by investors. The purpose of this study is to examine the effect of profitability and independent board of commissioners on firm value, with ISR disclosure as an intervening variable. This is a quantitative study using path analysis with IBM SPSS 23 software and the Sobel Test Calculator for the significance of mediation. The population of this study consists of companies listed on ISSI in 2022. The sampling technique used is purposive sampling, resulting in a sample size of 482 companies. The results of this study indicate that profitability has a positive effect on ISR disclosure. However, the independent board of commissioners does not affect ISR disclosure, nor does it affect firm value through ISR disclosure. Additionally, profitability does not affect firm value through ISR disclosure.
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How to Cite
Alviani Indraswari, & Devi Narulitasari. (2024). The Influence of Profitability and the Independent Board of Commissioners on Firm Value with ISR Disclosure as an Intervening Variable. International Conference on Islamic Economics Studies (ICIES), 1(1), 172-189. https://conferences.uinsaid.ac.id/icies/paper/view/22