PENGARUH PENGUNGKAPAN SUSTAINABILITY REPORT, PROFITABILITAS, DAN LEVERAGE TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine and prove the effect of Sustainability Report (SR) disclosure, profitability which was measured by Return On Asset (ROA), and leverage which was measured by Debt to Equity Ratio (DER) on the firm value which was measured by Price to Book Value (PBV). The research was quantitative. Moreover, the population was 108 Energy and Chemicals sub-sector companies listed on the Indonesia Stock Exchange (IDX) 2020-2022. The data collection technique used purposive sampling. In line with that, there were 13 companies as the sample. Furthermore, during 3 years the observation data were 39. The data analysis technique used multiple linear regression analysis. The result showed that sustainability report (SR) disclosure had a positive effect on the firm value (PBV). It meant that the higher the value of the sustainability report (SR) disclosure was, the higher the PBV would be. However, DER had a negative effect on PBV. In other words, the higher the DER value was, the lower the PBV would be. Likewise, ROA had a negative effect on PBV. This meant that the higher the ROA was, the lower the PBV would be. It showed that the decrease in firm value was affected by external factors.