Analysis of the Influence of Institutional Ownership and Corporate Social Responsibility on the Value of Indonesian Sharia Stock Index Companies

Mohamad Tohir; Yohannes Indrayono; Retno Martanti

doi:10.55927/ijems.v4i2.48

Authors

Mohamad Tohir Universitas Pakuan
Yohannes Indrayono Universitas Pakuan
Retno Martanti Universitas Pakuan

DOI:

https://doi.org/10.55927/ijems.v4i2.48

Keywords:

Institutional Ownership, Corporate Social Responsibility, Sharia Stock Index, Company Value

Abstract

This study aims to examine the effect of institutional ownership and Corporate Social Responsibility (CSR) on firm value throughout the entire study period, before, during, and after the COVID-19 pandemic. The research method used is quantitative with panel data regression analysis. The research sample is the Indonesian Sharia Stock Index companies listed on the Indonesia Stock Exchange with a research period of 2017–2024 with a sample size of 43 companies. The results of this study prove that institutional ownership and CSR have a positive effect on firm value as proxied by Tobin's Q throughout the entire study period, before, during, and after the COVID-19 pandemic. Recommendations for companies to focus on operational efficiency and business model innovation, increase firm value by attracting credible institutional investors and effective CSR programs must be integrated with the company's business strategy and create shared value for the company and society

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