EFFECT OF FIRM CHARACTERISTICS ON FIRM VALUE WITH SUSTAINABILITY REPORT DISCLOSURE BASED ON GLOBAL REPORTING INITIATIVE(GRI) G4 AS AN INTERVENINGVARIABEL(EMPIRICAL STUDY OF NON-FINANCIAL SECTOR COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE IN THE PERIODE 2013-2017)

TESA, HIKMATIAH and Mukhzarudfa, Mukhzarudfa and WIRALESTARI, WIRALESTARI EFFECT OF FIRM CHARACTERISTICS ON FIRM VALUE WITH SUSTAINABILITY REPORT DISCLOSURE BASED ON GLOBAL REPORTING INITIATIVE(GRI) G4 AS AN INTERVENINGVARIABEL(EMPIRICAL STUDY OF NON-FINANCIAL SECTOR COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE IN THE PERIODE 2013-2017). Jurnal Akuntansi & Keuangan UNJA. ISSN 2460-6235

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Abstract

This study aims to analyze the effect of firm characteristics consisting of profitability, leverage, liquidity and firm size on firm value by disclosure of sustainability reports based on the Global Reporting Initiative (GRI) G4 as anintervening variable. The population of this study is non-financial sector companies listed on the Indonesia Stock Exchange (IDX). The selection of this sample uses a purposive sampling method, with the criteria for companies issuing sustainability reports separate from annual reports in 2013-2017. Hypothesis testing uses partial least square (PLS) analysis with statistical procedures using SmartPLS 3.0 software.The results showed that profitability, leverage, liquidity and firm size do not affect the sustainability report disclosure. Profitability, liquidity, firm size and sustainability report disclosure had significant effect on firm value. Leverage has no effect on firm value. Sustainability reports disclosure as an intervening variable has no effect on profitability, liquidity leverage and firm size on firm value. Sustainability reports disclosure can’t mediate the relationship between firm characteristics and firm value.Keyword: Firm Characteristics, Firm Size, Firm Value, Sustainability ReportDisclosure

Type: Article
Subjects: H Social Sciences > HG Finance
Depositing User: Wiralestari
Date Deposited: 22 Mar 2021 19:13
Last Modified: 22 Mar 2021 19:13
URI: https://repository.unja.ac.id/id/eprint/17984

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