The intention of this research is to identify the effect of corporate social responsibility (CSR) disclosure on firm value with profitability as a moderating variable. Data collection is carried out with data documentation that is based on financial reports and sustainability reports. All companies listed on the Indonesia Stock Exchange (IDX) during the 2013-2017 period are considered as the population of this study. Samples were selected using the purposive sampling method. The following are criteria that would be used in this study: 1) publish a sustainability report using the GRI G4 standard as a reference in preparing reports for 2013-2016, 2) publish a complete financial report for the 2014- 2017 observation period, 3) not experience a loss during the 2014-2017 period. The total sample of the study was 109 companies. The study uses path analysis assisted with WarpPLS software version 6.0. The results show that the disclosure of corporate social responsibility has a positive and significant effect on firm value, and profitability moderates the effect of corporate social responsibility disclosure on firm value. The implication of the research is that implementing corporate social responsibility is very important to increase firm’s value and firm’s sustainability in the future.

Abstract
1. Introduction
2. Literature Review
    2.1. Stakeholder Theory
    2.2. Signaling Theory
    2.3. Hypothesis Development
3. Research Methods and Materials
4. Results and Discussion
5. Conclusions
References

• St. Dwiarso UTOMO(Accounting Department, Faculty of Economic and Business, University of Dian Nuswantoro)
• Dian Wulan SARI(Accounting Department, Faculty of Economic and Business, University of Dian Nuswantoro)
• Zaky MACHMUDDAH(Accounting Department, Faculty of Economic and Business, University of Dian Nuswantoro) Corresponding Author