DETERMINAN SUSTAINABILITY REPORT DISCLOSURE DAN PENGARUHNYA TERHADAP FINANCIAL PERFORMANCE (STUDI EMPIRIS PADA PERUSAHAAN YANG TERDAFTAR DI INDEKS LQ45 PERIODE 2018-2019)

FIFI IMLAATUN ALFIAH

Abstract


Penelitian ini bertujuan untuk menguji faktor-faktor yang mempengaruhi pengungkapan sustainability report serta pengaruhnya terhadap financial performance. Determinan sustainability report yang dimaksud dalam penelitian ini mencakup ukuran perusahaan, umur perusahaan, dan karakteristik dewan komisaris. Penelitian ini merupakan jenis penelitian kuantitatif dengan metode SEM-PLS yang menggunakan alat analisis berupa program SmartPLS 3.0. Populasi pada penelitian ini adalah perusahaan yang terdaftar di indeks LQ45 periode 2018-2019. Penentuan sampel dilakukan dengan metode purposive sampling sehingga didapatkan sebanyak 42 sampel penelitian. Data penelitian yang digunakan merupakan data sekunder yang diperoleh dari annual report dan sustainability report perusahan pada periode yang diteliti. Penelitian ini menunjukkan bahwa ukuran perusahaan tidak memiliki pengaruh positif terhadap tingkat pengungkapan sustainability report. Sementara umur perusahaan dan karakteristik dewan komisaris berpengaruh positif signifikan terhadap tingkat pengungkapan sustainability report disclosure. Pengungkapan sustainability report berpengaruh positif signifikan terhadap kinerja keuangan perusahaan.

 

Keywords: sustainability reporting, disclosure, firm size, firm age, board characteristics, financial performance


References


Ahmed, K., & D., Nicholls. (1994). The Impact of Non-financial Company Characteristics on Mandatory Disclosure Compliance in Developing Countries: The Case of Bangladesh. The International Journal of Accounting, 29, 62-77.

Aliniar, D., & Sri, W. (2017). Pengaruh Mekanisme Good Corporate Governance (GCG) dan Ukuran Perusahaan terhadap Kualitas Pengungkapan Sustainability Report pada Perusahaan Terdaftar di BEI. KOMPARTEMEN, 15 (1), 35-37.

Alvarado, Nuria Reguera, Pilar, de Fuentes, & Joaquina, Laffarga. (2015). Does Board Gender Diversity Influence Financial Performance? Evidence from Spain. Journal Business Etchics, 1-14, DOI 10.1007/s10551-015-2735-9.

Bhasin, M. L., Rashid, R. Makarov, & Nurlan, S. Orazalin. (2012). Determinant of Voluntary Disclosure in the Banking Sector: An Empirical Study. International Journal of Contemporary Business Studies, 3 (3), 60-71.

Bhatia, Aparna, & Siya, Tuli. (2015). Sustainability Discolure Practices: A Study of Selected Chinese Companies. Management and Labour Studies, 40 (3-4), 268-283. https://doi.org/10.1177/0258042X15624994

Branco, M. C., Catarina, Delgado, Sonia. F. Gomes, & Teresa. C. P. Eugenio. (2014). Factors Influencing the Assurance of Sustainability Reports in the Context of the Economic Crisis in Portugal. Managerial Auditing Journal, 29 (3), 237-252. https://doi.org/10.1108/MAJ-07-2013-0995

Brigham, Eugene F., & Joel, F. Houston. 2014. Dasar-Dasar Manajemen Keuangan: Buku 1 Edisi 11. Jakarta: Salemba Empat

Bukhori, M. R. T., & Dani, S. (2017). Pengaruh Pengungkapan Sustainability Report terhadap Kinerja Keuangan. Jurnal Sistem Informasi, Keuangan, Auditing dan Perpajakan, 2 (1), 43-45.

Burlea, Schiopoiu A. & Ion, Popa. 2013. Legitimacy Theory, in Encyclopedia of Corporate Social Responsibility. Ed. Samuel O. Idowu, Nicholas Capaldi, Liangrong Zu, Ananda das Gupta. Springer-Verlag Berlin Heidelberg, pp. 1579-1584,http://www.springerreference.com/docs/html/chapterdbid/333 348.html

Caesaria, A. F., & Basuki. (2017). The Study of Sustainability Report Disclosure Aspects and Their Impact on the Companies’ Performance. EDP Science, 1-4. doi: 10.1051/shsconf/20173408001.

Carter, D. A., Simkins, B. J., & Simpson, W. G. (2003). Corporate Governance, Board Diversity, and Firm Value. The Financial Review, 38 (1), 33-53.

Chang, Young Kyun, Won-Yong, Oh, Jee, H. Park, & Myoung, G. Jang. (2015). Exploring the Relationship Between Board Characteristics and CSR: Empirical Evidence from Korea. Journal Business Ethics, 1-18. doi: 10.1007/s10551-015-2651-z.

Cotter, Julie, Norziana, L., & Muftah, M. N. (2011). Voluntary Disclosure Research: Which Theory Is Reelevant?. Journal of Theoritical Accounting Research, 1-25.

Darrough, M. N. (1995). Discussion of Disclosure of Predecision Information in a Duapoly. Contemporary Accounting Research, 11 (2), 861-72.

Deegan, Craig. 2009. Financial Accounting Theory: Edition 3. Australia: McGraw Hill.

Depoers, Florence. (2000). A Cost-Benefit Study of Voluntary Disclosure: Some Empirical Evidence from French Listed Companies. The European Accounting Review, 9 (2), 245-263.

Elkington, John. 1997. Cannibal with Fork: The Triple Bottom Line of 21st Century Business. Oxford: Capstone Publishing Limited.

Farook, S., M., Kabir Hassan, & Roman, Lanis. (2011). Determinants of Corporate Social Responsibility Disclosure: The Case of Islamic Banks. Journal of Islamic Accounting and Business Research, 2 (2), 114-141.

Felisia, & Amelia, Limijaya. (2014). Triple Bottom Line dan Sustainability Report. Bina Ekonomi Majalah Ilmiah Fakultas Ekonomi Unpar, 18 (1), 14-27.

Ghozali, Imam, & Anis, Chariri. 2007. Teori Akuntansi. Semarang: Badan Penerbit Universitas Diponegoro.

Ghozali, Imam, & Hengky, Latan. 2015. Partial Least Squares: Konsep, Teknik, dan Aplikasi Menggunakan Program SmartPLS 3.0 untuk Penelitian Empiris. Semarang: Badan Penerbit Universitas Diponegoro.

Hossain, M., & Hammami, H. (2009). Voluntary Disclosure in the Annual Reports of an Emerging Country: The Case of Qatar. International Journal of Cardiology, 25 (2), 255-265.

Idah. (2013). Corporate Governance dan Karakteristik Perusahaan dalam Pengungkapan Sustainability Report. Accounting Analysis Journal, 2 (3), 361-369.

Indrianingsih, & Linda, A. (2020). The Effect of Company Size, Financial Performance, and Corporate Governance on the Disclosure of Sustainability Report. Accounting Analysis Journal, 9 (2), 119-120.

Iswadi. (2013). Pengaruh Ukuran Dewan Direksi, Financial Leverage, Ukuran Perusahaan, Profitabilitas, dan Umur Perusahaan terhadap Pengungkapan Informasi Sosial Perusahaan pada Perusahaan Pertambangan yang Terdaftar di Bursa Efek Indonesia. Jurnal Kebangsaan, 2 (4), 10-18.

Jensen, M. (1986). Agency cost of free cash flow, corporate finance, and takeovers. American Economic Review, 76 (2), 323-329.

Kasbun, N. F., Boon, H. T., & Tze, S. O. (2016). Sustainability Reporting and Financial Performance of Malaysian Public Listed Companies. Institutions and Economics, 8 (4), 78-93.

Kasznik, R., & B., Lev. (1995). To Warn Or Not to Warn: Management Disclosures in the Face of An Earnings Surprise. Accounting Review, 113-13.

Khan, Arifur, Mohammad, B. Muttakin, & Javed, Siddiqui. (2012). Corporate Governance and Corporate Social Responsibility Disclosures: Evidence from An Emerging Economy. Journal of Business Ethics, 11 (4), 207-223.

Kuswanto, Randy. (2019). Penerapan Standar GRI dalam Laporan Keberlanjutan di Indonesia: Sebuah Evaluasi. Jurnal Bina Akuntansi, 6 (2), 1-20.

Lestari, Tika, & Kurniawati, M. (2020). Pengaruh Karakteristik Dewan Komisaris dan Dewan Direksi terhadap Kinerja Keuangan. Journal of Economic, Business and Engineering, 2 (1), 34-41.

Lev, B. (1992). Information Disclosure Strategy. California Management Review, Summer: 9-32.

Mahfoedz, M. (1994). The Usefulness of Financial Ratio in Indonesia. Jurnal KELOLA, 94-110.

National Center for Sustainablity Reporting (2018). Daftar Peringkat –Asia Sustainability Reporting (SR) Rating 2018. Diakses dari https://www.ncsr-id.org/id/2018/12/19/winner-asia-sustainability-reporting-sr-rating-2018/.

Nguyen, A. H., & Linh, H. N. (2020). Determinants of Sustainability Disclosure: Empirical Evidence from Vietnam. Journal of Asian Finance, Economics and Business, 7 (6), 73-83.

Nuraeni, Nelly, & Darsono. (2020). Pengaruh Kinerja Perusahaan, Komisaris Independen, dan Kepemilikan Manajerial terhadap Pengungkapan Sustainability Reporting. Diponegoro Journal of Accounting, 9 (2), 1-13.

Omar, Bilal, & Jon, Simon. (2011). Corporate Aggregate Disclosure Practices in Jordan. Advances in Accounting, Incorporating Advances in International Accounting, 27 (1), 166-186.

Otoritas Jasa Keuangan. (2017). Infografis Lembaga Jasa Keuangan dan Emiten Penerbit Sustainability Report. Retrieved from http://www.ojk.go.id/sustainable-finance/id/publikasi/riset-dan-statistik/P ages/Sustainability-Report-bagi-Lembaga-Jasa-Keuangan-dan-Emiten.aspx

Owushu, S. (1998). The Impact of Corporate Attributes on the Extent of Mandatory Disclosure and Reporting by Listed Company in Zimbabwe. The International Journal of accounting, 33 (5), 605-631.

Panda, Brahmadev, & N. M. Leepsa. (2017). Agency Theory: Review of Theory and Evidence on Problems and Perspectives. Indian Journal of Corporate Governance, 10 (1), 74-79.

Rao, Kathyayini, & Carol, Tilt. (2014). Board Compositions and Corporate Social Responsibility: The Role of Diversity, Gender, Strategy, and Decision Making. Journal of Business Ethics, 137 (2), 327-247.

Reddy, Krishna, & Lucus, W. Gordon. (2010). The Effect of Sustainability Reporting on Financial Performance: An Empirical Study Using Listed Company. Journal of Asia Entrepreneurship and Sustainability, 6 (2), 19-42.

Ross, S. (1973). The economic theory of agency: The principal’s problem. American Economic Review, 63(2), 134-139.

Ruhana, A., & Nurul, H. (2020). The Effect of Liquidity, Firm Size, and Corporate Governance toward Sustainability Report Disclosures. Advanced in Economics, Business and Management Research, 120, 283.

Shamil, M. M., Junaid, M. S., Poh-Ling, H., & Anbalagan, K. (2014). The Influence of Board Characterictics on Sustainability Reporting: Empirical Evidence from Sri Lanka Firms. Asian Review of Accounting, 22 (2), 78-97.

Suchman, M. (1995). Managing Legitimacy: Strategic and Institutional Approaches. Academy of Management Review, 20 (3), 571-610.

Suhardiyah, M., Khusnul, K., & Subakir. (2018). Pengaruh Pengungkapan Sustainability Report terhadap Kinerja Keuangan Perusahaan Pertambangan yang Terdaftar di Bursa Efek Indonesia Tahun 2011-2015. Majalah Ekonomi ISSN No. 1411-9501, 23 (1), 84-93.

Sulistyawati, A. I., & Aprilia, Q. (2018). Pengungkapan Sustainability Report dan Faktor-Faktor yang Mempengaruhinya. Majalah Ilmiah Solusi, 16 (4), 1-22.

Trijaya, W., & Ernie, R. (2017). Pengaruh Ukuran Perusahaan, Umur Perusahaan, dan Pengungkapan Media Terhadap Pengungkapan Corporate Social Responsibility (CSRD). WAHANA, 20 (2), 32-33.

Verrecchia, R. E. (1983). Discretionary Disclosure. Journal of Accounting and Economics, 5, 179-94.

Wallace, R. S. O., & K., Naser. (1997). Firm-Spesific Determinants of the Comprehensiveness of Mandatory Disclosure in the Corporate Annual Reports of Firms Listed on the Stock Exchange of Hong Kong. Journal of Accounting and Public Policy, 368 (1995), 311-368.

Waluyo. (2017). Firm Size, Firm Age, and Firm Growth on Corporate Social Responsibility in Indonesia: The Case of Real Estate Companies. European Research Studies Journal, 20 (4A), 360-369.

Zadeh, F. O., & Alireza, E. (2012). Firm Size As Company’s Characteristic and Level of Risk Disclosure: Review on Theories and Literatures. International Journal of Business and Social Science, 3 (17), 9-17.


Refbacks

  • There are currently no refbacks.