Pengaruh Cakupan Dan Tone Pengungkapan Sustainability Report Terhadap Nilai Perusahaan: Studi Empiris Pada Perusahaan Yang Terdaftar Di Indeks LQ 45

  • Vanessa Gitaria Universitas Jember
  • Indah Purnamawati Universitas Jember
  • Arie Rahayu Universitas Indonesia

Abstract

ABSTRACT


      This study aims to examine and analyze the effect of disclosure of economic, environmental, and social sustainability reports on company value; and the tone of disclosure of the economic, environmental, and social aspects of the sustainability report on the value of the company. The population of this study are companies listed in the LQ 45 index in 2018-2020. The data collection method in this study was carried out through the website of each research company. This study has 54 research samples taken using purposive sampling method. The data analysis method in this study used descriptive statistical analysis, classical assumption test, multiple linear regression analysis in the form of F test and t test, and coefficient of determination. The results showed that the disclosure of the sustainability report on the economic aspect had no effect, the environmental aspect had a significant positive effect, and the social aspect had a negative effect on firm value. The tone of the disclosure of the sustainability report on the economic aspect has no effect, the environmental aspect has a significant positive effect, and the social aspect has a negative effect on firm value.


Keywords: Coverage of Sustainability Report Disclosure, Tone Of Sustainability Report Disclosure, Company Value


 


ABSTRAK


      Penelitian ini bertujuan untuk menguji dan menganalisis pengaruh  Pengungkapan sustainability report aspek ekonomi, lingkungan, dan sosial terhadap nilai perusahaan; dan pengaruh  Tone pengungkapan sustainability report aspek ekonomi,lingkungan, dan sosial terhadap nilai perusahaan. Populasi penelitian ini adalah perusahaan yang terdaftar dalam indeks LQ 45 tahun 2018-2020. Penelitian ini menggunakan 54 sampel penelitian berdasarkan metode purposive sampling. Metode analisis data dalam penelitian ini menggunakan analisis statistik deskriptif, uji asumsi klasik, analisis regresi linier berganda berupa uji F dan uji t, dan koefisisen determinasi. Hasil penelitian menunjukkan bahwa pengungkapan sustainability report aspek ekonomi tidak berpengaruh, aspek lingkungan berpengaruh positif signifikan, dan aspek sosial berpengaruh negatif terhadap nilai perusahaan. Tone pengungkapan sustainability report aspek ekonomi tidak berpengaruh, aspek lingkungan berpengaruh positif signifikan, dan aspek sosial berpengaruh negatif terhadap nilai perusahaan.


Kata kunci: Cakupan Pengungkapan Sustainability Report, Tone Pengungkapan Sustainability Report, Nilai Perusahaan

References

Arena, C., Bozzolan, S., & Michelon, G. (2014). Environmental reporting: Transparency to stakeholders or stakeholder manipulation? An analysis of disclosure tone and the role of the Board of Directors. Corporate Social Responsibility and Environmental Management, 22, 346-361.
Astuti, A. D., & Juwenah, J. (2017). Pengaruh Pengungkapan Sustainability Report Terhadap Nilai Perusahaan Yang Tergabung Dalam LQ 45 Tahun 2012-2013. Accounthink: Journal of Accounting and Finance, 2(01).
Boiral, O. (2013). Sustainability reports as simulacra? A counter-account of A and A+ GRI reports. Accounting, Auditing & Accountability Journal, 26, 1036.
Cho, C. H., Roberts, R. W., & Patten, D. M. (2010). The language of US corporate environmental disclosure. Accounting, Organizations and Society, 33, 303-327.
Commission, E. (2011, 25 October 2011). Corporate Social Responsibility: a new definition, a new agenda for action. Retrieved
Connelly, B. L., Certo, S. T., Ireland, R. D., & Reutzel, C. R. (2010). Signaling theory: A review and assessment. Journal of Management, 37, 39-67.
Dahlström, S., & Lantz, M. (2015). Disclosure Tone in Environmental Reports - A study of companies in the energy sector. (Bachelor Thesis). University of Gothenburg, Swedia.
Diouf, D., & Boiral, O. (2017). The quality of sustainability reports and impression management: A stakeholder perspective. Accounting, Auditing and Accountability Journal of
Business Management Education (JBME), 30, 643-667.
Elkington, J. (2004). Enter the triple bottom line. The triple bottom line: Does it all add up, 11(12), 1-16.
Evana, E. (2017). The Effect of Sustainability Reporting Disclosure Based on Global Reporting Initiative (GRI) G4 on Company Performance. The Indonesian Journal of Accounting Research, 20, 417-442.
Falck, O., & Heblich, S. (2007). Corporate social responsibility: Doing well by doing good. Business Horizons, 50, 247-254.
Fatchan, I. N., & Trisnawati, R. (2016). Pengaruh Good Corporate Governance Pada Hubungan Antara Sustainability Report dan Nilai Perusahaan (Studi Empiris Perusahaan Go Public di Indonesia Periode 2014-2015). Riset Akuntansi Dan Keuangan Indonesia, 1(1), 25- 34.
Fisher, R., van Staden, C. J., & Richards, G. (2019). Watch that tone: An investigation of the use and stylistic consequences of tone in corporate accountability disclosures. Accounting, Auditing and Accountability Journal.
Freeman. (1984). A stakeholder approach to strategic management. The Blackwell handbook of strategic management, 189-207.
Frostenson, J., Helin, S., & Sandström, J. (2012). Hållbarhetsredovisning; grunder, praktik och funktion. Malmo: Liber AB.
Ghozali, & Chariri. (2007). Teori Akuntansi.
Gray, R., Kouhy, R., & Lavers, S. (1995). Methodological Themes: Constructing a Research Database of Social and Environmental Reporting by UK Companies. Accounting, Auditing & Accountability Journal, 8, 201-217.
Hermuningsih, S. (2013). Pengaruh profitabilitas, growth opportunity, struktur modal terhadap nilai perusahaan pada perusahaan publik di Indonesia. Buletin ekonomi moneter dan perbankan, 16(2), 127-148.
Indriantoro, N., & Supomo, B. (1999). Metodologi Penelitian Bisnis untuk Akuntansi & Manajemen.
Lestari, D. R. (2017). Pengaruh intellectual capital dan pengungkapan sustainability report terhadap nilai perusahaan. UIN Syarif Hidayatullah Jakarta: Fakultas Ekonomi dan Bisnis, 2017,
Machmud, N., & Djakman, C. D. (2008). Pengaruh Struktur Kepemilikan Terhadap Luas Pengungkapan Tanggung Jawab Sosial. CSR Disclousure.
Merkl-Davies, D. M., & M., B. N. (2007). Discretionary Disclosure Strategies in Corporate Narratives: Incremental Information or Impression management? . Journal of Accounting Literature, 26, 116-194.
Pujiningsih, V. D. (2020). Pengaruh Sustainability Report Terhadap Nilai Perusahaan dengan Good Corporate Governance sebagai Variabel Pemoderasi. Jurnal Riset Akuntansi dan Keuangan, 8, 579-594.
Rahayu, M., & Sari, B. (2018). Faktor-faktor yang mempengaruhi nilai perusahaan. Ikraith- Humaniora, 2(1), 69-76.
Rodrigue, M., Cho, C. H., & Laine, M. (2015). Volume and Tone of Environmental Disclosure: A Comparative Analysis of a Corporation and its Stakeholders. Social and Environmental Accountability Journal, 35, 1-16.
Sari, M. P. Y., & Marsono, M. (2013). Pengaruh kinerja keuangan, ukuran perusahaan dan corporate governance terhadap pengungkapan sustainability report. Fakultas Ekonomika dan Bisnis,
Sejati, B. P. (2014). Pengaruh Pengungkapan Sustainability Report terhadap Kinerja dan Nilai Perusahaan. Universitas Diponegoro,
Sejati, B. P., & Prastiwi, A. (2015). Pengaruh pengungkapan sustainability report terhadap kinerja dan nilai perusahaan. Diponegoro Journal of Accounting, 195-206.
Spence, M. (1973). Job market signaling. The Quarterly Journal of Economics, 87, 355-374. Suchman, M. C. (1995). Managing Legitimacy: Strategic and Institutional Approaches.
Academy of Management Journal, 20, 571-610.
Suryono, H., & Prastiwi, A. (2011). Pengaruh Karakteristik Perusahaan Dan Corporate Governance (CG) Terhadap Praktik Pengungkapan Sustainability Report (SR)(Studi Pada Perusahaan–Perusahaan yang Listed (Go-Public) di Bursa Efek Indonesia (BEI) Periode 2007-2009). Simposium Nasional Akuntansi XIV Aceh, 1-32.
Triki, A., Arnold, V., & Sutton, S. G. (2015). Too good to be true! The bifurcated effect of strong tone in management disclosures on investors’ decisions. . Advances in Accounting Behavioral Research, 18, 1-31.
Ullmann, A. A. (1985). Legitimizing Negative Aspects in GRI-Oriented Sustainability Reporting: A Qualitative Analysis of Corporate Disclosure Strategies. The Academy of Mangement Review, 10, 540-557.
Wilmshurst, T. D., & Frost, G. R. (2000). Corporate environmental reporting: A test of legitimacy theory. Accounting, Auditing & Accountability Journal, 13, 10-26.
Yulianty, R. (2020). Pengaruh sustainability reporting terhadap nilai perusahaan dengan kinerja keuangan sebagai variabel intervening. Jurnal Riset Perbankan Manajemen dan Akuntansi, 4(1), 12-24.
Statistik Abstract view : 15 times
Statistik PDF Views : 10 times
Published
2023-01-20
How to Cite
GITARIA, Vanessa; PURNAMAWATI, Indah; RAHAYU, Arie. Pengaruh Cakupan Dan Tone Pengungkapan Sustainability Report Terhadap Nilai Perusahaan: Studi Empiris Pada Perusahaan Yang Terdaftar Di Indeks LQ 45. ACE: Accounting Research Journal, [S.l.], v. 2, n. 2, p. 193-212, jan. 2023. ISSN 2808-8433. Available at: <https://journal.feb.unipa.ac.id/index.php/ace/article/view/255>. Date accessed: 05 feb. 2023.
Section
Articles