PENGARUH SUSTAINABILITY REPORTING TERHADAP NILAI PERUSAHAAN DENGAN KEPEMILIKAN INSTITUSIONAL SEBAGAI VARIABEL MODERATING

Abstract

This research aimed to find out the effect of Sustainability Reporting on the firm value with Institusional Ownership as moderating variable. At this point, Sustainability Reporting was measured by Sustainability Report Disclosure Index (SRDI) and firm value was measured by Tobins’Q. The research was quantitative. While, the population was mining and manufacturing companies which were listed on Indonesia Stock Exchange 2013-2017. Moreover, the data collection technique used purposive sampling. In line with, there were seven companies as sample for five years observation. Furthermore, the data used secondary with sustainability report and annual report (2013-2017). In addition, the data analysis technique used multiple linear regression with SPSS (Statistical Package for Social Science) version 23. The research result concluded Sustainability Reporting had significant effect on the firm value. On the other hand, Institusional Ownership had insignificant effect on the firm value. In addition, Institusional Ownership could moderate the effect of Sustainability Reporting on the firm value.
Keywords: Sustainability Reporting, Firm Value, Institusional Ownership