PENGARUH PENGUNGKAPAN SUSTAINABILITY REPORTING TERHADAP NILAI PERUSAHAAN (STUDI EMPIRIS PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2018-2020)

Abstract

This research aimed to examine and analyze the effect of disclosure of sustainability reports which was categorized into three dimensions of performance namely, environment, social, and economy on the firm value which were listed on Indonesia Stock Exchange 2018-2020. While the sustainability report was an independent variable, meanwhile firm value was a dependent variable which was measured by Tobin’s Q. The research was quantitative which used secondary data with Statistical Product and Service Solution (SPSS). Moreover, the data collection technique used purposive sampling with criteria of companies who had published continuously reports and annual financial statements in a row during 2018-2020, 54 samples are reported and 14 samples were detected as outlier so they were excluded. Furthermore, the data analysis technique used multiple linear regression. The research result concluded that sustainability reports of the environment as well as social did not affect firm value. It meant the disclosure was less considered by companies which caused lack of attention from investors in investing their money. In contrast, the disclosure of the sustainability report of the economy had a significant effect on firm value. This meant, the disclosure be considered important by companies and affect investors’ decision in investing their money.