Superior and inferior: CSR, assurance CSR, performance and value of firm, and halo effects

This study empirically aims to analyze CSR disclosure's effect on firm value by considering the reviews conducted by third parties on CSR. The sample used in this study is all companies listed on the IDX. The data analysis technique used moderated regression analysis (MRA) with e-views ten and the Global Reporting Initiative (GRI). The results of the study show that CSR disclosure has an effect on the company's performance and value and is reinforced by the existence of third-party reviews of CSR in inferior and superior positions. In addition, this study found an indirect halo effect on the relationship of CSR disclosure on firm performance and value.