PENGARUH SUSTAINABILITY REPORTING TERHADAP NILAI PERUSAHAAN DENGAN KONFLIK KEAGENAN SEBAGAI VARIABEL PEMODERASI
M. Fahrullah, Aviandi Okta Maulana, S.E., M.Acc., Ph.D., Ak., CA., CIRBC.
2023 | Tesis | S2 MANAJEMEN (MM) JAKARTA
The rapid development of the business world has encouraged every business actor to develop and transform their business structure and corporate values for the expected effectiveness, efficiency and profitability. In order to survive, a company must not only manage various potential conflicts of interest and problems that will arise, but also deserve the trust of all stakeholders who have related interests. In gaining trust, one of which can be done by interested parties, namely implementing good management and carrying out social activities as a form of corporate responsibility to the environment and social (Sustainability Reporting) on a regular basis. Companies need to inform these two aspects, namely the implementation of good management and the implementation of social activities to external parties as a sign of company transparency to the public through the company's annual report and also as a signal to investors or potential investors to provide information that the company has been well managed. Not only economically, but effective and efficient governance must also be implemented in order to produce positive social and environmental impacts.
This study aims to examine the effect of sustainability reporting on firm value with agency conflict as a moderator for non-financial companies listed on the Indonesia Stock Exchange in 2017-2021. This study uses a quantitative research method with secondary data obtained from sustainability reports, financial reports, and stock prices from non-financial companies during 2017-2021. The data analysis technique used in this study is moderating regression analysis. The results of the study found that sustainability reporting has a negative effect on firm value. In addition, it was also found that agency conflicts strengthen the effect of sustainability reporting on firm value.
Kata Kunci : Sustainability Reporting, Nilai Perusahaan, Konflik Keagenan