Analisis Faktor-Faktor yang Mempengaruhi Profitabilitas dengan CSR sebagai Variabel Moderasi pada Perusahaan Non-Cyclicals yang Terdaftar di Bursa Efek Indonesia Periode 2021-2023

Abstract

This study aims to empirically test and validate the effects of independent variables, namely liquidity, capital structure, receivables turnover, and sales growth, on the dependent variable, profitability, with corporate social responsibility (CSR) as a moderating variable. This research adopts a quantitative approach using financial statement data obtained from the official website of the Indonesia Stock Exchange (www.idx.co.id). The sampling technique applied is purposive sampling, resulting in a total sample of 98 non-cyclical companies listed on the Indonesia Stock Exchange from 2021 to 2023. Data analysis was conducted using multiple linear regression with the assistance of SPSS 25 software. The research findings reveal that, simultaneously, liquidity, capital structure, and sales growth significantly affect profitability, whereas receivables turnover does not significantly influence profitability. Additionally, CSR moderates the relationship between sales growth and profitability but does not moderate the relationship between liquidity and profitability.