Kinerja Lingkungan dan Pengungkapan Sustainability Reporting Terhadap Nilai Perusahaan dengan Moderasi Profitabilitas
Radina Modjaningrat, S. Bahri
🤖 gxceed AI 要約
日本語
本研究は、インドネシア証券取引所に上場する消費財製造企業を対象に、環境パフォーマンスとサステナビリティ報告の開示が企業価値に与える影響を、収益性を調整変数として分析した。環境パフォーマンスはPROPER評価、サステナビリティ開示はGRI指標、企業価値はトービンのQ、収益性はROAで測定。結果、環境パフォーマンスとサステナビリティ開示は企業価値に正の影響を与え、収益性がその影響を強化することが確認された。
English
This study examines the influence of environmental performance and sustainability reporting disclosure on firm value, with profitability as a moderator, for consumer goods manufacturers on the Indonesia Stock Exchange. Environmental performance is measured by PROPER rating, sustainability disclosure by GRI index, firm value by Tobin's Q, and profitability by ROA. Results show positive effects of both environmental performance and sustainability disclosure on firm value, with profitability strengthening these effects.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
インドネシア市場でPROPER（環境格付）とGRIに基づく開示が企業価値に与える影響を実証。日本ではSSBJ対応が進む中、開示の価値関連性を確認する点で参考になるが、制度的差異に留意が必要。
In the global GX context
This study provides empirical evidence from an emerging market (Indonesia) on the value relevance of environmental performance and sustainability reporting. It contributes to the global ESG disclosure literature by showing that profitability moderates the disclosure-firm value link, relevant for ISSB and other standard-setters.
👥 読者別の含意
🔬研究者:Evidence from Indonesia on how environmental performance and GRI-based disclosure affect firm value, with moderation by profitability.
🏢実務担当者:Demonstrates that strong environmental performance and sustainability reporting, backed by profitability, can enhance firm value; useful for internal business case building.
📄 Abstract（原文）
The study aims to analyze the influence of environmental performance and sustainability reporting disclosure on firm value, with profitability as a moderating variable in consumer goods manufacturing companies listed on the Indonesia Stock Exchange. Firm value reflects investors' perceptions of a company's future performance and prospects, and is therefore influenced not only by financial performance but also by non-financial performance, particularly environmental and sustainability aspects. This study uses a quantitative approach with secondary data obtained from annual reports, sustainability reports, and official company publications. Environmental performance is measured using the PROPER rating, sustainability reporting disclosure is measured using the Global Reporting Initiative (GRI) index, firm value is measured using the Tobin's Q ratio, and profitability is measured by Return on Assets (ROA). The analytical methods used are multiple linear regression and moderated regression analysis (MRA). The results show that environmental performance and sustainability reporting disclosure have a positive effect on firm value. In addition, profitability is proven to strengthen the influence of environmental performance and sustainability reporting disclosure on firm value. These findings indicate that companies with good environmental performance and high levels of sustainability reporting disclosure, supported by strong profitability, tend to have higher firm value. This research provides implications that the implementation of sustainability practices is not only a form of compliance, but also a strategy to increase company value in a sustainable manner.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://journal.ilmudata.co.id/index.php/RIGGS/article/download/5628/4043first seen 2026-07-18 08:27:02
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