PENGARUH PENGUNGKAPAN SUSTAINABILITY REPORT TERHADAP KINERJA DAN NILAI PERUSAHAAN Studi empiris pada Perusahaan yang menerbitkan Sustainability Report dan terdaftar pada Bursa Efek Indonesia

Abstract

This research aims to analyze the impact of Sustainability Report Disclosure and each of its performance aspects on firm performance and firm value. The index of Sustainability Report Disclosure follows the guidelines from Global Reporting Initiative (GRI), G3 and G3.1, both consist of three main aspects which are Economic performance, Environment performance and Social performance. In this research, the data population taken from companies that publishes Sustainability Report and listed into Indonesia Stock Exchange, then data collected by using purposive sampling method. There are 18 companies with total 54 samples starts from 2006 - 2013 used as research data. Data is analyzed by using regression analysis and further tested classical assumption test, whereas hypotheses is tested by using multiple linear regression method. The result of this research shows that Sustainability Report Disclosure does not have any significant relation on firm performance and firm value. This results shows that Sustainability Report Disclosure published by companies doesn’t make any impact on firm performance and firm value itself. The disclosure of Economy Performance, Environment Performance and Social Performance of Sustainability Report also does not have significant relation on firm performance and firm value. This results shows that The disclosure of Economy Performance, Environment Performance and Social Performance of Sustainability Report doesn’t have any impact on firm performance and firm value.