Abstract: CSR disclosure in the companys yearly report is expected to be a plus that will increase investor confidence to invest and increase the company value. This research empirically tested and analyzed the influence of macro-economic, dividend policy, good financial governance on companies value with corporate social responsibility disclosure as moderating variables in SOEs and listing IDX in 2014-2019. Research sample number 16, data analysis techniques using quantitative methods with SEM-PLS to connect between variables..