DETERMINANTS OF FIRM VALUE: SUSTAINABILITY REPORT AS A MEDIATING VARIABLE
DOI:
https://doi.org/10.53067/ije3.v3i2.150Keywords:
Sustainability Report, Firm Value, Good Corporate Governance (GCG), Corporate Social Responsibility (CSR)Abstract
This study aims to investigate the impact of Corporate Social Responsibility (also known as CSR) and Good Corporate Governance (also known as GCG) on Firm Value using Sustainability Report as a mediating variable. This investigation into the relationships between variables makes use of quantitative research techniques. The number of samples that can be processed is 40 data from 8 mining companies listed on Indonesia Stock Exchange (IDX) in 2017-2021. The data used in this study are the company's annual report, financial statements, and sustainability report. The results of this study indicate that CSR has no effect on firm value, and sustainability reports cannot mediate the relationship between CSR and firm value. In addition, the high implementation of GCG has yet to respond to the increase in company value or sustainability report. A sustainability report can partially mediate the relationship between GCG and firm value, and implementing a sustainability report can increase firm value. It shows that mining companies in Indonesia have supported the noble ideals of SDGs responsible for environmental and future corporate sustainability
Downloads
References
Agung, I. G. N., Ananda, D., Suardi, R., Nyoman, D., Werastuti, S., Ekonomi, J., & Akuntansi, D. (2022). Pengaruh Enterprise Risk Management, Intellectual Capital Dan Sustainability Report Terhadap Nilai Perusahaan. In Jurnal Ilmiah Mahasiswa Akuntansi. Universitas Pendidikan Ganesha (Vol. 13, Issue 2).
Ariadi, D., Husna, G. A., & Trisnaningsih, S. (2022). Pengaruh Implementasi Corporate Social Responsibility (CSR) dan Good Corporate Governance (GCG) Terhadap Nilai Perusahaan. 2(1), 56–72.
Choi, Y., & Kwak, Y. (2020). The impact of sustainability reporting on firm value: Evidence from the Korean market. Sustainability.
Fadillah, G. (2020). Sepanjang 2020, IHSG Turun 5%, Indeks Saham Pertambangan Malah Naik 23%.
Hidayah, T. N. (2020). Pengaruh Pengungkapan Good Corporate Governance dan Corporate Social Responsibility Terhadap Nilai Perusahaan (Studi kasus pada perusahaan yang terdaftar di Sustainability Reporting Award periode tahun 2014-2017). Jurnal Akuntansi 2020.
Irene & Melvie, P. (2022). Pengaruh Corporate Social Responsibility Terhadap Nilai Perusahaan Dengan Sustainability Report Sebagai Variabel Mediasi. Jurnal Analisa Akuntansi Dan Perpajakan, 6, 22–32.
Ismail, T., & Bawono, A. D. B. (2022). Pengaruh GCG dan CSR Terhadap Nilai Perusahaan Dengan Kinerja Keuangan Sebagai Variabel Mediating. Business and Economics Conference in Utilization of Modern Technology. https://journal.unimma.ac.id
Lestari, A. D. (2021). Pengaruh Good Corporate Governancedan Corporate Social Responsibility Terhadap Nilai Perusahaan (Kajian Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia pada Tahun 2015-2019). Diponegoro Journal Of Accounting, 10, 1–15.
Mujiani, S., & Jayanti. (2021). Analisi Pengaruh Profitabilitas dan Good Corporate Governance Terhadap Sustainability Report Pada Perusahaan Peserta ISRA DI Indonesia. Jurnal Ilmu Akuntansi.
Natalia, I. A., & Soenarno, Y. N. (2021). Analisis Pengaruh Pengungkapan Sustainability Report Terhadap Nilai Perusahaan Pada Perusahaan Non Keuangan Yang Terdaftar Di Bursa Efek Indonesia (BEI) Periode 2017.
Nugraha, M. Y. P. (2019). Pengaruh Good Corporate Governance dan Corporate Social Responsibility Terhadap Nilai Perusahaan dengan Kinerja Keuangan dan Sustainability Report Sebagai Variabel Intervening Pada Industri Perbankan Yang Terdaftar Di Bursa Efek Indonesia Periode Tahun 2013-2015.
Nutriastuti, & Annisa, D. (2020). Pengaruh Corporate Social Responsibility, Kualitas Audit dan Ukuran Perusahaan Terhadap Corporate Sustainability Reporting. Jurnal Akuntansi Berkelanjutan Indonesi.
Pujiningsih, S. (2020). Pengaruh Pengungkapan Sustainability Report Terhadap Kinerja Keuangan Dan Nilai Perusahaan Dengan Ukuran Perusahaan Sebagai Variabel Moderasi. Jurnal Riset Akuntansi Dan Keuangan.
Pujiningsih, V. D. (2020). Pengaruh Sustainability Report Terhadap Nilai Perusahaan dengan Good Corporate Governance sebagai Variabel Pemoderasi. Jurnal Riset Akuntansi Dan Keuangan, 8(3), 579–594. https://doi.org/10.17509/jrak.v8i3.22841
Purbandari, Y., Suryani, R., & Ekonomi, J. I. (2021). Good Corporate Governance Terhadap Sustainability Reporting. Jurnal Ilmiah Ekonomi. http://ejournal.stiepena.ac.id/index.php/fe
Purwaningrum, I. F., & Haryati, T. (2022). Pengaruh Good Corporate Governance terhadap Nilai Perusahaan. Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah, 4(6), 1914–1925. https://doi.org/10.47467/alkharaj.v4i6.1451
Purwanto, P., Putra, A. P., Putri, G. A., & Pratiwi, E. (2021). Pengaruh Good Corporate Governance (GCG) dan Coporate Social Responsbility (CSR) Terhadap Nilai Perusahaan. Journal of Business Finance and Economics, 2.
Ratna, L., & Hasanah, U. (2019). Triple Bottom Line Theory Dalam Perspektif Corporate Social Responsibility. In Majalah Keadilan FH UNIHAZ (Vol. 19, Issue 1).
Rosyada, F., & Prajawati, M. I. (2022). Pengaruh Kinerja Keuangan, Good Corporate Governance Dan Corporate Social Responsibility Terhadap Nilai Perusahaan Pada Perusahaan Sub Sektor Telekomunikasi Yang Terdaftar Di Bei Periode 2019-2021. Jurnal Maneksi, 11.
Safitri, M., & Saifudin. (2019). Implikasi Karakteristik Perusahaan dan Good Corporate Governance Terhadap Pengungkapan Sustainability Report. In JBE Jurnal Bingkai Ekonomi JBE (Vol. 4, Issue 1). https://stie-aka.ac.id/journal/index.php/jbe3/index
Sajida, Y. A., & Purwanto, A. (2021). Analisis Pengaruh Enterprise Risk Management (ERM) dan Good Corporate Governance (GCG) Terhadap Nilai Perusahaan Perbankan Yang Terdaftar Di Bursa Efek Indonesia (BEI) Periode 2017-2019. Diponegoro Journal Of Accounting, 10(4), 1–14. http://ejournal-s1.undip.ac.id/index.php/accounting
Seo, J. G., Song, M. H., & Park, Y. W. (2018). Corporate social responsibility and corporate financial performance: Evidence from Korea. Sustainability.
Setiawan, T. L., Amalia, H. S., & Boedi, S. (2021). Pengaruh Good Corporate Governance, Corporate Social Responsibility Terhadap Nilai Perusahaan Di Indonesia (Vol. 22, Issue 1). http://journal.stiei-kayutangi-bjm.ac.id/
Siregar, N. Y., & Safitri, T. A. (2019). Pengaruh Pengungkapan Enterprise Risk Management, Intellectual Capital, Corporate Social Responsibility, Dan Sustainability Report Terhadap Nilai Perusahaan. In Tiara Jurnal Bisnis Darmajaya (Vol. 05, Issue 02).
Suhartini, D., & Megasyara, I. (2019). Pengaruh Corporate Social Responsibility Disclosure Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Intervening Pada Perusahaan Sektor Pertambangan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2012-2016. In 129 Equity: Jurnal Ekonomi, Manajemen, Akuntansi, (Vol. 21, Issue 2).
Utami, E. S., & Wulandari, I. (2021). ). Pengaruh Penerapan Good Corporate Governance terhadap Nilai Perusahaan. JRAMB (Jurnal Riset Akuntansi Dan Manajemen Bisnis), 206–215.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2023 Monika Indah Cahyani, Dwi Suhartini
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Copyright @2021. This is an open-access article distributed under the terms of the Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License (http://creativecommons.org/licenses/by-nc-sa/4.0/) which permits unrestricted non-commercial used, distribution and reproduction in any medium
