Profitability, Corporate Governance, Corporate Social Responsibility, And Firm Value

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Analysis reveals profitability and corporate governance enhance firm value among food companies, suggesting CSR needs strategic focus.

Profitability and governance have significant positive effects on firm value, highlighting their role in enhancing market perception.
The analysis includes data from 33 food and beverage firms on the Indonesia Stock Exchange over three years (2020-2023).
Panel data regression was employed to understand relationships between profitability, governance, social responsibility, and firm value.
The negative correlation of CSR indicates that immediate costs may hinder its perceived benefits for firm value.

Sari et al. (2025) studied this question.

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