STUDI LITERATURE: PERAN SUSTAINABILITY REPORT DAN GOOD CORPORATE GOVERNANCE TERHADAP FIRM VALUE
Keywords:
Pelaporan keberlanjutan, tata kelola perusahaan, nilai perusahaanAbstract
Studi dilakukan untuk mengkaji peran sustainability report dan good corporate
governance (GCG) terhadap firm value melalui studi literatur. Pendektan metode
penelitian adalah analisis deskriptif dengan mengkaji berbagai sumber sekunder berupa
jurnal internasional bereputasi, jurnal nasional terakreditasi, serta referensi ilmiah relevan
lainnya. Hasil penelitian menunjukkan bahwa sustainability report berdampak negatif
terhadap firm value, terutama pada negara berkembang akibat tingginya biaya
implementasi dan rendahnya kualitas pengungkapan. Namun, penelitian lain
menunjukkan adanya pengaruh positif apabila pelaporan dilakukan secara berkualitas dan
didukung oleh mekanisme tata kelola yang baik. Sementara itu, penerapan GCG
diproksikan dengan dewan komisaris independen, komite audit, dan kepemilikan
institusional menunjukkan bukti beragam terhadap firm value. Secara teoritis, melalui
perspektif stakeholder theory, transparansi dan akuntabilitas yang dihasilkan dari kedua
variabel tersebut berpotensi meningkatkan kepercayaan investor dan firm value. Oleh
karena itu, efektivitas implementasi menjadi kunci utama dalam memaksimalkan peran
keduanya terhadap firm value.
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