PENGARUH PENGUNGKAPAN SUSTAINABILITY REPORT TERHADAP NILAI PERUSAHAAN DENGAN RISIKO SISTEMATIS SEBAGAI VARIABEL MEDIASI
DOI:
https://doi.org/10.25170/jak.v16i1.2605Keywords:
Sustainability Report, Systematic Risk, Firm Value.Abstract
This research is aimed to investigate the impact of sustainability report to firm value with systematic risk as mediating variable. Sample of this research are companies listed in Indonesia Stock Exchange (IDX) as sample in 2016-2018. Sample selected by purposive sampling method gathered from companies which disclose their financial report and sustainability report in a row, taht gathered 3 years periode are 63 sample. Using path analysis as reseach method. The study results show sustainability report has negative and significant effect to systematic risk. Sustainability report has negative and no significant effect to firm value and systematic risk mediates the effect of sustainability report to firm value.
References
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Saerang, I., Tommy, P., & Prasetia, T. E. (2014). Struktur Modal, Ukuran Perusahaan dan Risiko Perusahaan terhadap Nilai Perusahaan Otomotif yang Terdaftar di BEI. Jurnal Riset Ekonomi, Manajemen, Bisnis dan AKuntansi, 879-889.
Sejati, B. P., & Prastiwi, A. (2015). Pengaruh Pengungkapan Sustainability Report terhadap Kienrja dan Nilai Perusahaan. Diponegoro Journal of Accounting, 1-12.
Stacia, E., & Junairti. (2015). Pengaruh Pengungkapan Corporate SocialResponsibility terhadap Nilai Perusahaan di Sektor Pertambangan. Business Accounting Review, 81-90.
Susanto, Y., & Tarigan, J. (2013). Pengaruh Pengungkapan Sustainability Report terhadap Profitabilitas Perusahaan. Business Accounting Review, 319-328.
Albuquerque, R., Koskinen, Y., & Zhang, C. (2018). Corporate Social Responsibilitiy and Firm Risk: Theory and Empirical Evidence . Management Science, 252-304.
Atiqah. (2016). Pengaruh Pengungkapan Tanggung Jawab Sosial Perusahaan terhadap Tingkat Pengembalian Saham. Akuntanbilitas: Jurnal Ilmu Akuntansi, 215-230.
Bella, & Suaryana, I. G. (2017). Pengaruh IOS dan Pengungkapan CSR pada Nilai Perusahaan dengan Pertumbuhan Perusahaan sebagai Variabel Pemoderasi. Jurnal Akuntansi Universitas Udayana, 508-535.
Benlemlih, M., Shuakat, A., & Trojanowski, G. (2018). Environmental and Social Disclosures and Firm Risk. Journal of Business Ethics, 613-626.
cnnindonesia.com. (2019, September 19). https://www.cnnindonesia.com/ekonomi/20190919174356-532432054/bencana-asap-ikut-bakar-saham-perusahaan-sawit/. Retrieved from www.cnnindonesia.com: www.cnnindonesia.com
Diantimala, Y. (2018). The Meidating Effect of Sustainability Desclosure on the Relationship between Financial Performance and Firm Value. Journal of Accounting, Finance, and Auditing Studies, 32-49.
Ernawan, E. (2011). Business Ethics. Bandung: Alfabeta.
Ghozali, I. (2011). Aplikasi Analisis Multivariate dengan Program IBM SPSS 19 (Edisi 5). Semarang: Universitas Diponegoro.
globalreporting.org. (n.d, - -). www.globalreporting.org. Retrieved from https://www.globalreporting.org/information/sustainabilityreporting/Pages/def ault.aspx: https://www.globalreporting.org/information/sustainabilityreporting/Pages/def ault.aspx
Godfrey, P. (2005). The Relationship Between Corporate Philanthropy and Shareholder Wealth: A Risk Management Perspective. Academic of Management Review, 777-798.
Habibi, M., & Andraeny, D. (2018). Pengaruh Profitabilitas dan Sustainability Reporting terhadap Nilai Perusahaan dengan Investment Opportunity Set sebagai Variabel Moderating. Seminar Nasional I Universitas Pamulang.
Holly, A. (2018). Determinan Nilai Perusahaan di Bursa Efek Indonesia. SIMAK, 101-118.
Jensen, M. C., & Meckling, W. H. (1976). Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of Financial Economics, 305-360.
Latifah, S. W., & Luhur, M. B. (2017). Pengaruh Pengungkapan Sustainability Report terhadap Nilai Perusahaan dengan Profitabilitas sebagai Pemoderasi. Jurnal Akuntansi, 13-18.
Mangantar, M., Rumondor, R., & Sumarauw, J. S. (2015). Pengaruh Struktur Modal, Ukuran Perusahaan dan Risiko Perusahaan terhadap Nilai Perusahaan pada Sub Sektor Plastik dan Pengemasan di BEI. Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi, 159-169.
Noerirawan, M. R., & Muid, A. (2012). Pengaruh Faktor Internal dan Eksternal Perusahaan terhadap Nilai Perusahaan (Studi Empiris pada Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia Periode 2007-2010). Diponegoro Journal of Accounting, 1-12.
Oikonomou, I., Brooks, C., & Pavelin, S. (2012). The Impact of Corporate Social Performance on Financial Risk and Utility: A Longitudinal Analysis. SSRN Electronic Journal, 1-33.
OJK. (2017). POJK 51/POJK.03/2017 tentang Penerapan Keuangan Berkelanjutan bagi Lembaga Jasa Keuangan, Emiten, dan Perusahaan Publik.
Purwanti, N. D., Maslichah, & Mawardi, M. C. (2019). Pengaruh Sustainability Reporting terhadap Nilai Perusahaan dengan Investment Opportunity Set sebagai variabel Moderating. E JRA, 105-119.
Puspaningrum, Y. (2017). Pengaruh Corporate Social Responsibility dan Kepemilikan manajerial terhadap Nilai Perusahaan dengan Profitabilitas dan Ukuran Perusahaan sebagai Variabel Moderating (Studi Empiris pada Perusahaan Pertambangan di BEI). Jurnal Profita, 1-14.
RI, K. (2007). UU No. 40 Tahun 2007 tentang Perseoran Terbatas.
Rossi, F., & Harjoto, M. A. (2019). Corporate Non-Financial Disclosure, Firm Value, Risk and Agency Costs: Evidence from Italian Listed Companies. Review of Managerial Science, 47-67.
Saerang, I., Tommy, P., & Prasetia, T. E. (2014). Struktur Modal, Ukuran Perusahaan dan Risiko Perusahaan terhadap Nilai Perusahaan Otomotif yang Terdaftar di BEI. Jurnal Riset Ekonomi, Manajemen, Bisnis dan AKuntansi, 879-889.
Sejati, B. P., & Prastiwi, A. (2015). Pengaruh Pengungkapan Sustainability Report terhadap Kienrja dan Nilai Perusahaan. Diponegoro Journal of Accounting, 1-12.
Stacia, E., & Junairti. (2015). Pengaruh Pengungkapan Corporate SocialResponsibility terhadap Nilai Perusahaan di Sektor Pertambangan. Business Accounting Review, 81-90.
Susanto, Y., & Tarigan, J. (2013). Pengaruh Pengungkapan Sustainability Report terhadap Profitabilitas Perusahaan. Business Accounting Review, 319-328.
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Published
2022-03-31
How to Cite
Holly, A., Jao, R., Mardiana, A., & Holly, A. (2022). PENGARUH PENGUNGKAPAN SUSTAINABILITY REPORT TERHADAP NILAI PERUSAHAAN DENGAN RISIKO SISTEMATIS SEBAGAI VARIABEL MEDIASI. Jurnal Akuntansi, 16(1), 26–46. https://doi.org/10.25170/jak.v16i1.2605
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