Institusion
Universitas Pembangunan Nasional Veteran Jakarta
Author
Luther Yohanes Tampubolon, .
Subject
HG Finance
Datestamp
2021-05-07 07:55:43
Abstract :
This research is a quantitative study, which aims to determine the effect of the application of Corporate Social Responsibility on Financial Distress moderated by Firm Life Cycle. The control variables used in this study are company size, leverage, and cash holding. The sample used in this study was a manufacturing company in the 2015-2018 period. Purposive sampling method was used to select samples. So that there are 39 manufacturing companies on the
Indonesia Stock Exchange. The results of this research hypothesis which examines the effect of CSR on Financial Distress in manufacturing companies listed on the
Indonesia Stock Exchange during 2015-2018 states that there is a significant negative effect between CSR and Financial Distress, and CSR performance with the control variables of company size, leverage, and Cash holding which is moderated by the Firm Life Cycle together has a negative and insignificant effect on Financial Distress and the Firm Life Cycle has a role that strengthens the relationship between the two manufacturing companies listed on the IDX website in the 2015-2018 period.