The Role of Financial Distress Corporate Social Responsibility Disclosure on Firm Value in Cosmetics and Pharmacy Manufacturers 2020-2022 periods

Item Type:	Article
Title:	The Role of Financial Distress Corporate Social Responsibility Disclosure on Firm Value in Cosmetics and Pharmacy Manufacturers 2020-2022 periods
Abstract:	Abstract For company, the value of company is very important. It means, the higher of company's value, it will make investors trust the goods and good company value will be seen well by potential investors. Financial distress and Corporate social responsibility (CSR) disclosure are considered to be factors that influence of firm value. The firm's fluctuating value on the pandemic range in 2020 to 2022 indicates a problem on firm value in cosmetic and pharmaceutical manufacturing. The novelty in this research is still relatively rare to find research on Financial Distress and Corporate Social Responsibility Disclosure to Firm Value. the research method used in this study is quantitative method. The unit of analysis is the cosmetics and Pharmacy Manufacturers on 2020-2022 Periods in which its sample is 16 manufacturers with 48 financial statements, using Panel Regression for hypotheses analysis. Financial distress has a negative influence and unsignificant on firm value, because on pandemic era, all of the world has affected on all sector include cosmetics and pharmacy manufacturers, so investor don't care too much about the bankruptcy ratio to invest the company. Then, CSR Disclosure has a positive influence on firm value, describes investors in pandemic era choosing the company who disclose their CSR’s activity. From the overall results, in a pandemic era, investors see companies with a good image, where those companies that are able to disclose their CSR activities comprehensively, are more likely to get funding, regardless of their bankruptcy ratio. Keywords: Financial Distress; Corporate Social Responsibility Disclosure; Firm Value
Creators:	Purwadi, Pina Rizkinia Maulida and Roswinna, Winna and Yulianti, Maria Lusiana and Anggraeni, Annisa Fitri and Mulyana, Agus
Depositing User:	Mr. Billy Salim Sudiro, S.T.
Date Deposited:	16 Oct 2025 08:55
Last Modified:	16 Oct 2025 08:55
URI:	https://repo.unwim.ac.id/id/eprint/1231

Abstract
For company, the value of company is very important. It means, the higher of company's value, it will make
investors trust the goods and good company value will be seen well by potential investors. Financial distress and
Corporate social responsibility (CSR) disclosure are considered to be factors that influence of firm value. The
firm's fluctuating value on the pandemic range in 2020 to 2022 indicates a problem on firm value in cosmetic and
pharmaceutical manufacturing. The novelty in this research is still relatively rare to find research on Financial
Distress and Corporate Social Responsibility Disclosure to Firm Value. the research method used in this study is
quantitative method. The unit of analysis is the cosmetics and Pharmacy Manufacturers on 2020-2022 Periods in
which its sample is 16 manufacturers with 48 financial statements, using Panel Regression for hypotheses
analysis. Financial distress has a negative influence and unsignificant on firm value, because on pandemic era,
all of the world has affected on all sector include cosmetics and pharmacy manufacturers, so investor don't care
too much about the bankruptcy ratio to invest the company. Then, CSR Disclosure has a positive influence on firm
value, describes investors in pandemic era choosing the company who disclose their CSR’s activity. From the
overall results, in a pandemic era, investors see companies with a good image, where those companies that are
able to disclose their CSR activities comprehensively, are more likely to get funding, regardless of their bankruptcy
ratio.
Keywords: Financial Distress; Corporate Social Responsibility Disclosure; Firm Value