The Effect of Corporate Social Responsibility, Company Size and Company Age on the Financial Performance of Manufacturing Companies listed on the Indonesia Stock Exchange (IDX)

Aims: This study aims to analyze the effect of Corporate Social Responsibility, company size, and company age on the company's financial performance. Financial performance in this study is focused on Return on Equity and Price to Book Value.

Study Design: Explanatory Research.

Place and Duration of Study: Indonesia between November 2022 to January 2023.

Methodology: The data used in this study are secondary data sourced from the annual reports of industrial sector manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the 2017-2021 period. The research sample was selected using the purposive sampling method so that 32 companies were sampled. The data used in this study uses social cost as the basis for calculating CSR, Ln Total Assets as a calculation of company size, the year the company was founded until the research was conducted as a calculation of company age and the DER ratio as a control variable. The data analysis used to test the hypothesis is regression analysis using the Eviews 12 program.

Results: The results showed that CSR significantly affects financial performance. The results also show that the company size variable significantly affects company performance. In addition, the results also show that the age of the company and the control variable debt to equity ratio has no significant effect on financial performance with ROE measurement but have a significant impact on PBV financial performance measurement.

Conclusion: Social activities carried out by the company can impact the company's financial performance, both positively and negatively. Similarly, the size of a company can contribute to its positive or negative financial performance of the company. But on the other hand, the company's age may or may not affect the company's financial performance, as well as the debt-to-equity ratio, which may or may not affect the company's financial performance.