Peran Sustainability Reporting dalam Hubungan Profitabilitas dengan Nilai Perusahaan Sektor Consumer Non-Cyclical
持続可能性報告が収益性と企業価値の関係に及ぼす役割：消費者非循環セクターの場合 (AI 翻訳)
Virginia Yuli Pratama, J. Prasetio
🤖 gxceed AI 要約
日本語
本稿は、インドネシアの消費者非循環セクターを対象に、持続可能性報告が収益性と企業価値の関係をどのように調整するかを分析。2022～2024年のサンプルを用いた階層的回帰分析の結果、収益性は企業価値に正の影響を与えるが、持続可能性報告単独では有意な影響は見られなかった。しかし、相互作用項は有意であり、持続可能性報告が収益性と企業価値の関係を強化する調整変数として機能することを示した。
English
This study examines the moderating role of sustainability reporting on the relationship between profitability and firm value in the Indonesian consumer non-cyclical sector. Using 68 observations from 2022-2024, hierarchical regression analysis shows that profitability has a positive effect on firm value, but sustainability reporting alone does not. However, the interaction effect is significant, indicating that sustainability reporting strengthens the profitability-firm value link, acting as a strategic ethical validation that enhances market trust.
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
インドネシアのデータではあるが、サステナビリティ報告が市場評価に与える影響を示す点で、日本企業の開示戦略にも示唆がある。特に、収益性の高い企業が追加的に開示を行うことの価値を示唆しており、SSBJや有報での開示充実を検討する際の参考となる。
In the global GX context
This paper provides empirical evidence from an emerging market that sustainability reporting can amplify the market valuation of profitable firms. It adds to the global literature on the business case for ESG disclosure, relevant for frameworks like ISSB and CSRD, showing that reporting serves as a credibility signal beyond mere compliance.
👥 読者別の含意
🔬研究者:Demonstrates a moderating effect of sustainability reporting on the profitability-valuation link, offering a nuanced perspective for future studies on disclosure impact.
🏢実務担当者:Suggests that integrating sustainability reporting into financial strategy can enhance market valuation, especially for profitable firms.
🏛政策担当者:Provides evidence that mandated disclosure may have differential effects based on firm profitability, informing the design of reporting regulations.
📄 Abstract（原文）
The consumer non-cyclical sector faces a dual challenge in the post-pandemic era in maintaining profit levels in a competitive market while simultaneously meeting the demands of investors who are increasingly critical regarding sustainability issues. This research aims to examine and analyze the role of sustainability reporting as a strategy to strengthen the influence of profitability on firm value. Using a purposive sampling method, 68 observations were obtained from companies listed on the Indonesia Stock Exchange for the 2022-2024 period. Data were analyzed using Hierarchical Moderated Regression Analysis. Profitability is measured through the ratio of net income to total assets, firm value is measured by the price to book value ratio, and sustainability reporting is assessed using a global reporting standard disclosure indeks 2021. The results show that profitability consistently has a positive and significant effect on firm value. However, Sustainability Reporting partially does not have a significant effect. Interestingly, the interaction test proves that Sustainability Reporting acts as a Moderator that significantly strengthens the relationship between profitability and firm value. This implies that in a competitive market, sustainability disclosure serves as a strategic "ethical validation" that captures market trust, thereby increasing the valuation of profitable companies. The results of this study provide input for management to integrate sustainability strategies into financial operations to achieve optimal market valuation.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.33395/owner.v10i2.3220first seen 2026-05-15 18:03:40
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gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。