THE INFLUENCE OF SUSTAINABILITY REPORT DISCLOSURE AND GREEN INTELLECTUAL CAPITAL ON FIRM VALUE
DOI:
https://doi.org/10.32493/ebic.v2i1.50946Keywords:
Company Value, Sustainability Report, Green Intellectual CapitalAbstract
This research aims to obtain empirical evidence regarding the influence of Sustainability Report Disclosure and Green Intellectual Capital on firm value. This type of research uses quantitative research using secondary data taken from the Indonesian Stock Exchange in the energy sub-sector listed in the period 2018 to 2023. The sampling method uses purposive sampling. The sample in this research was 13 companies with a total of 77 observations. Researchers used panel data regression techniques to test the research data using eviews 12 as a statistical tool. The results of data analysis show that the Sustainability Report Disclosure and Green Intellectual Capital have an effect on Company Value, while the Sustainability Report Disclosure has no effect on Company Value and Green Intellectual Capital has an effect on Company Value
References
Amalia, AR, Rahmawati, F., Rizki Amalia, SL, & Sugiyanto. (2021, June). The Effect of Sustainability Reporting on Company Value with Financial Performance as a Moderating Variable. Humanis , Vol. 1 No.2, 130-140.
Astuti, T., Widyastuti, T., & Ahmar, N. (2022). Green Accounting and Green Intellectual Capital Practices: Study of the Influence of Indirect Financial Firms on Firm Value. Asian Journal of Accounting and Finance , 4(3), 101-112.
Baltagi. (2005). Econometric Analysis of Panel Data . Wiley.
Basuki, AT, & Prawoto, N. (2019). Regression Analysis: in Economic and Business Research.
Benevene, P., Buonomo, I., Kong, E., Pansini, M., & Farnese, M.L. (2021). Management of green intellectual capital: Evidence-based literature review and future directions. Sustainability , 13 (15), 8349.
Bona-Sánchez, C., Pérez-Alemán, J., & Santana-Martin, D. (2017). Sustainability Disclosure, Dominant Owners and Earnings Informativeness. Research in International Business and Finance , 625-639.
Chandra, M., & Augustine, Y. (2019). The effect of green intellectual capital index and sustainability disclosure on financial and non-financial performance of companies with transparency as a moderating variable. Trisakti Accounting Masters Journal , 6(1), 45-70.
Chen, Y.S. (2008). The positive effect of green intellectual capital on competitive advantages of firms. Journal of business ethics , 77, 271-286.
Elkington, J. (1997). The triple bottom line Environmental management: Readings and cases , 2 , 49-66.
Freeman, R.E. (2001). A stakeholder theory of the modern corporation. Perspectives in business ethics sie , 3 (144), 38-48.
Freundlieb, M., Gräuler, M., & Teuteberg, F. (2014). A conceptual framework for the quality evaluation of sustainability reports. Management Research Review , 37(1), 19-44.
Ghozali, I. (2009). Advanced multivariate analysis with SPSS program . Diponegoro University Publishing Agency.
Golo, AK, & Astuti, CD (2023). The Effect of Green Intellectual Capital Disclosure and Sustainability Reporting Disclosure on Company Performance. Wahana Pendidikan Scientific Journal , 45-61.
Guyarati. (2006). Basics of econometrics . Erlangga.
Jannah, UAR, & Kurnia, K. (2016). The influence of financial performance on sustainability report disclosure in companies on the IDX. Journal of Accounting Science and Research (JIRA) , 5(2).
Karya, IMAS, & Mimba, NPSH (2021). Disclosure of Sustainability Reporting, Intellectual Capital, and Company Value in Mining Companies. Journal of Accounting , 33(6), 1563-1574.
Kusumaningrum, M., & Astuti, CD (2024). The Influence of Environmental Accounting and Green Intellectual Capital on Company Value with Sustainability Report Independent Assurance as a Moderating Variable. AKADEMIC: Journal of Economics & Business Students , 4(3), 1448-1463.
Lestari, M. (2023). The Influence of Green Accounting, Green Intellectual Capital and Corporate Social Responsibility (CSR) Disclosure on Company Value. Trisakti Economic Journal , 2955-2968.
Moir, L. (2001). What do we mean by corporate social responsibility? Corporate Governance: The international journal of business in society , 1 (2), 16-22.
Najib, P., Syafitri, Y., & Hadya, R. (2022). The Effect of Sustainability Reporting and Intellectual Capital Disclosure on Company Value (Empirical Study on LQ-45 Companies Listed on the Indonesia Stock Exchange for the 2016-2018 Period). Pareso Journal , Vol. 4. No.3, 735-748.
Paramita, M., M, A., & Desmiwerita. (2021). The Effect of Sustainability Reporting and Intellectual Capital Disclosure on Company Value (Empirical Study on Mining Sector Companies Listed on the Indonesia Stock Exchange (IDX) for the Period 2014-2019). Pereso Journal , Vol. 3, No. 1, 173-188.
Pratama, RA, & Astuti, CD (2024). The Influence of Green Intellectual Capital and Financial Sustainability on Company Value . Journal of Economic, Business and Accounting (COSTING) , 7(4), 7614-7629.
Rohaini, H., Novitasari, M., & Sudrajat, MA (2023). The Effect of Sustainability Report Disclosure and Intellectual Capital on Company Value with Profitability as a Moderating Variable (Empirical Study on Basic and Chemical Sub-Industry Companies 2018-2021). 5th Business Management and Accounting Innovation Seminar (SIMBA).
Ruhiyat, E. (2014). Intellectual Capital Affects Company Value Through Financial Performance. Scientific Journal of Accounting, Pamulang University , 2(4), 418-449.
Safitri, M., & Saifudin. (2019). Implications of Company Characteristics and Good Corporate Governance on Sustainability Report Disclosure. Jurnal Bingkai Ekonomi , 13-25.
Sayidah, N. (2018). Research methodology accompanied by examples of its application in research . Zifatama Jawara.
Septhiani, FA, & Machdar, NM (2022). The Effect of Sustainability Reporting and Green Intellectual Model on Firm Value with Investment Opportunity Set as a Moderating Variable. Kalbisiana , 4095-4110.
Septiani, E., Holiawati, & Ruhiyat, E. (2019). Environmental Performance, Intellectual Capital, Tax Avoidance Practices and Firm Value. Journal of Business and Accounting , Vol. 21, 61-70.
Sevnia, R., & Mulyani, SD (2023). The Effect of Sustainability Report Disclosure, Environmental Performance, and Capital Structure on Company Value with Company Size as a Moderating Variable. Trisakti Journal of Economics , 3(2), 3813-3822.
Siregar, NY & Safitri, TA (2019). The Influence of Enterprise Risk Management Disclosure, Intellectual Capital, Corporate Social Responsibility, and Sustainability Report on Company Value. Darmajaya Business Journal , 5(2), 53-79.
Spence, M. (1973). Job Market Signaling . The Quarterly Journal of Economics , 87(3), 355. https://doi.org/10.2307/1882010
Sugiyono, D. (2013). Educational research methods using quantitative, qualitative and R&D approaches.
Swarnapali, RNC (2020), Sustainability disclosure and earnings informativeness: evidence from Sri Lanka. Asian Journal of Accounting Research , Vol. 5 No. 1, pp. 33-46.
Tarigan, J., & Samuel, H. (2014). The influence of sustainability report and financial performance. Journal of Accounting and Finance. ISSN , 1411-0288.
Tonay, C., & Murwaningsari, E. (2022). The Effect of Green Innovation and Green Intellectual Capital on Company Value with Company Size as Moderation. Journal of Business and Accounting , 283-294.
Widarjono, A. (2018). Introduction and its application with eviews guide (fifth) . UPP STIM YKPN.
Worokinasih, S., & Zaini, MLZBM (2020). The mediating role of corporate social responsibility (CSR) disclosure on good corporate governance (GCG) and firm value. A technical note. Australasian Accounting, Business and Finance Journal , 14(1), 88-96.
