DETERMINAN HARGA SAHAM: PERAN SENTIMEN INVESTOR, TINGKAT INFLASI, DAN PENGUNGKAPAN SUSTAINABILITY REPORT
株価の決定要因：投資家センチメント、インフレ率、サステナビリティ報告書開示の役割 (AI 翻訳)
Ratih Wahyuningsih, Desy Nur Pratiwi, Suhesti Ningsih
🤖 gxceed AI 要約
日本語
本研究は、2022年から2024年におけるインドネシア証券取引所上場のエネルギー企業を対象に、投資家センチメント、インフレ率、サステナビリティ報告書開示が株価に与える影響を分析した。定量分析の結果、サステナビリティ報告書開示は株価に有意な正の影響を与えることが確認されたが、投資家センチメントとインフレ率は個別には有意でなかった。この結果は、開示が投資判断に重要であることを示唆する。
English
This study examines the influence of investor sentiment, inflation rates, and sustainability report disclosures on stock prices of energy sector companies listed on the Indonesia Stock Exchange from 2022 to 2024. Using multiple linear regression on 58 data points, it finds that sustainability report disclosure positively affects stock prices, while investor sentiment and inflation do not individually. The findings highlight the importance of sustainability disclosure for investment decisions.
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
日本ではSSBJ基準の適用が進む中、サステナビリティ開示と資本市場の関係を示す本研究成果は、日本の上場企業が開示の市場価値を理解する上で参考になる。特にエネルギーセクターにおける実証結果は、日本のエネルギー企業の開示戦略に示唆を与える。
In the global GX context
Globally, this study provides empirical evidence from an emerging market (Indonesia) that sustainability report disclosure influences stock prices, supporting the business case for ESG disclosure. It adds to the literature linking non-financial disclosure to market valuation, relevant for ISSB and global reporting frameworks.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the value relevance of sustainability disclosure in an emerging market energy context.
🏢実務担当者:Suggests that sustainability reporting can positively impact stock prices, encouraging companies to enhance disclosure quality.
🏛政策担当者:Highlights the importance of mandatory sustainability disclosure regulations to improve market transparency and investor protection.
📄 Abstract（原文）
This study examines the influence of investor sentiment, inflation rates, and sustainability report disclosures on stock prices of energy sector companies listed on the Indonesia Stock Exchange from 2022 to 2024. This study employs a quantitative approach, with data collected using the documentation method. The sampling technique in this study used purposive sampling, resulting in a sample of 24 companies with 58 data points. The data used were secondary data, specifically financial statements, annual reports, stock prices, and inflation data. The data sources in this research come from the official website of the Indonesian Stock Exchange, namely www.idx.co.id and the official website of BPS Statistics Indonesia, namely www.bps.go.id. The data analysis methods used included descriptive statistical tests, tests of classical assumptions, and hypothesis testing, which consisted of multiple linear regression analysis, the F-test, the t-test, and the multiple coefficients of determination test. The test results indicate that the sustainability report disclosure variable influences stock prices. However, when analyzed individually, the investor sentiment and inflation rate variables do not influence stock prices. These findings highlight the importance of sustainability report disclosure as a factor of investors consider in making investment decisions, given that such disclosure has been shown to influence stock prices.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.69714/fjenk050first seen 2026-07-18 06:23:28
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