This study investigates the effect of shareholders’ rights, disclosure, and transparency on firm value. This study also investigates whether
corporate social responsibility (CSR) is pure moderation or quasi moderation in the effect of shareholders’ rights, disclosure, and transparency
on firm value. This study’s novelty is building a model framework to increase firm value and the role of CSR in increasing firm value. This
study used secondary data provided by Indonesia, Malaysia, and Thailand Stock Exchanges. The sample of this study is 142 companies with
four years of observations from 2012–2015. Firm value is measured by Tobin’s Q. While shareholder’s rights, disclosure, and transparency are
measured using the ASEAN scorecard. The analysis method used in this study is a fixed effect model using a panel data approach. The result
of this study shows that shareholders’ rights have a significant positive effect on firm value. However, disclosure and transparency do not affect
firm value significantly. In comparison, the CSR disclosure has a moderation effect on the relationship between shareholders’ rights and firm
value. The CSR disclosure does not have a moderation effect on the relationship between disclosure and transparency and firm value.

Keywords: Shareholders’ Rights, Disclosure, Transparency, Corporate Social Responsibility, Firm Value