PENGARUH SUSTAINABILITY REPORT DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN DENGAN INVESTMENT OPPORTUNITY SET SEBAGAI VARIABEL MODERATING

Abstract

This research aimed to examine the effect of sustainability report, which referred to Sustainability Report Disclosure Index (SRDI) and and profitability, which referred to Return On Asset (ROA), on the firm value with Investment Opportunity Set which referred to Market Value to Book Value of Equity (MVE/BVE) as moderating variable of companies which were listed on Indonesia Stock Exvhange (IDX) and had published sustainability report during 2014-2017. While, the population was companies which were listed on Indonesia Stock Exchange (IDX) and had published sustainability report during 2014-2017. Moreover, the data collection technique used purposive sampling. In line with, based on criteria given, there were 31 samples with 105 observations. Furthermore, the data analysis technique used multiple linear regression with SPSS (Statistical Product and Service Solutions). The research result concluded sustainability report did not have positive effect on the firm value. Meanwhile, profitability had affected the firm value. In addition, investment opportunity set had not been able to moderate the sustainability report on the firm value yet. On the other hand, investment opportunity set had been able to moderate the profitability on the firm value.
Keywords: firm value, sustainability report disclosure index, return on asset, market value to book value of equity