The Effect of Sustainability Report Disclosure on Company Value 2017-2019 (The Effect of Sustainability Report Disclosure on Firm Value)

Mety Astuti

Abstract


This research aims to empirically test the disclosure of the Sustainability Report on firm value. The sample for this research was 22 companies that took part in ASRRAT (Asia Sustainability Report Rating) for the 2018-2020 period and were listed on the Indonesia Stock Exchange. The research method used is multiple linear regression analysis processed with SPSS 22. Based on the research results, it is concluded that the sustainability report has no effect on company value as proxied by Tobins Q, and there is no significant impact of disclosure of sustainability reports on companies that take part in ASRRAT consecutively. - contributes to firm value.


Keywords


ASRRAT; Firm Value; Sustainability Report

Full Text:

PDF

References


Arniwita. (2021). Financial Management Theory and Application. Solok: Independent Intellectual Person.

Fadillah, A., & Suryawati, R. (2021). The Effect of Sustainability Report on Financial Performance and Corporate Value (Case study on companies participating in ASRRAT for the period 2015-2019).https://doi.org/10.4108/eai.14-9-2020.2304460

Febriyanti, GA (2021). The Effect of Sustainability Reporting on Company Value with Leverage as a Moderating Variable. Journal of Accounting and Tax, 22(1).

Husnaint, W., Husnaint, W., & Basuki, B. (2020). ASEAN Corporate Governance Scorecard: Sustainability Reporting and Firm Value. Journal of Asian Finance, Economics and Business, 7(11), 315–326.https://doi.org/10.13106/jafeb.2020.vol7.no11.315

Indrarini, Silvia. (2019). Company Value through Earnings Quality. Surabaya: Scoopindo Media Pustaka.

Kuzey, C., & Uyar, A. (2017). Determinants Of Sustainability Reporting And Its Impact On Firm Value: Evidence From The Emerging Market Of Turkey. Journal of Cleaner Production, 143, 27–39.https://doi.org/10.1016/j.jclepro.2016.12.153

Laskar, N. (2018). Impact Of Corporate Sustainability Reporting On Firm Performance: An Empirical Examination In Asia. Journal of Asian Business Studies, 12(4), 571–593.https://doi.org/10.1108/JABS-11-2016-0157

Laskar, N., & Gopal Maji, S. (2018). Disclosure Of Corporate Sustainability Performance And Firm Performance In Asia. Asian Review of Accounting, 26(4), 414–443.https://doi.org/10.1108/ARA-02-2017-0029

Latifah, SW, & Luhur, MB (2017). The Effect of Substainability Report Disclosure on Company Value and Profitability as a Moderating Variable. Journal of Accounting and Business, University of Muhammadiyah Malang, 17(1), 13–18.

Loh, L., & Tan, S. (2020). Impact Of Sustainability Reporting On Brand Value: An Examination Of 100 Leading Brands In Singapore. Sustainability (Switzerland), 12(18).https://doi.org/10.3390/SU12187392

Loh, L., Thomas, T., & Wang, Y. (2017). Sustainability Reporting And Firm Value: Evidence From Singapore-Listed Companies. Sustainability (Switzerland), 9(11).https://doi.org/10.3390/su9112112

Nguyen, T. T. D. (2020). An Empirical Study On The Impact Of Sustainability Reporting On Firm Value. Journal of Competitiveness, 12(3), 119–135.https://doi.org/10.7441/joc.2020.03.07

Ningrum, NRW, Kirana, DJ, & Miftah, M. (2021). The Influence of Sustainability Report Disclosure, Information Asymmetry, and Financial Performance on Company Value. Journal of Accounting Research (JPA), 2(1), 42-57.

Nuryadi, et al. (2017). Fundamentals of Research Statistics. Yogyakarta: Sibuku Media

Pujiningsih, VD (2020). The Effect of Sustainability Reports on Company Value with Good Corporate Governance as a Moderating Variable. Journal of Accounting and Finance Research, 8(3), 579-594.

Putri, P., & Wardhani, C. (2019). The Signaling of Sustainability Reporting Award in Indonesia and Its Effects on Financial Performance and Firm Value. In International Journal of Innovation, Creativity and Change. www.ijicc.net (Vol. 9, Issue 8).www.ijicc.net

Scott, W.R. (2015). Financial Accounting Theory. Toronto: Pearson.

Nice, Bambang. (2019). Fundamental Financial Management. Yogyakarta: Deepublish.

Shalihin, MY, Suharman, H., & Hasyir, DA (2020). Impact of Corporate Sustainability on Firm Value: Indonesian Context. Journal of Accounting Auditing and Business, 3(1), 102.https://doi.org/10.24198/jaab.v3i1.25834

Sholikhah, P., & Khusnah, H. (2016). Sustainability Reporting on Company Value: With Financial Performance as an Intervening Variable in Non-Financial Companies Listed on the Indonesian Stock Exchange for the 2016–2019 Period. National Conference For Ummah (NCU) 2020 (Vol. 1, No. 1).

Sutopo, B., Kot, S., Adiati, AK, & Ardila, LN (2018). Sustainability Reporting And Value Relevance Of Financial Statements. Sustainability (Switzerland), 10(3).https://doi.org/10.3390/su10030678

Swarnapali, R. & Le, L. (2018). Corporate Sustainability Reporting And Firm Value: Evidence From A Developing Country. In The International Journal of Organizational Innovation (Vol. 10).

Wicaksono, RR, & Septiani, A. (2020). Determinants of Sustainability Reports and Influence on Company Value. Diponegoro Journal of Accounting.http://ejournals1.undip.ac.id/index.php/accounting.




DOI: https://doi.org/10.33258/birci.v7i2.7889

Article Metrics

Abstract view : 4 times
PDF - 0 times

Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

 

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.