The Effect of Sustainability Reporting on Firm Value with Institutional Ownership as a Moderating Variable: Evidence from Consumer Non-Cyclicals Companies Listed on the Indonesia Stock Exchange (2019-2023)
Sep 2026· International Journal of Scientific Multidisciplinary Research· 0 citations· 14 references
Abstract
Environmental, social, and economic disclosures represent a critical form of corporate transparency in communicating sustainability-related information that may heavily influence investors’ assessments of firm value in contemporary capital markets. This study aims to comprehensively examine the direct effect of sustainability reporting disclosure on firm value and investigate the moderating role of institutional ownership in this relationship. A quantitative research approach was employed using secondary data extracted from 37 consumer non-cyclical sector companies listed on the Indonesia Stock Exchange (IDX) during the 2019-2023 period. The empirical findings reveal that sustainability reporting disclosure has a negative and statistically significant effect on firm value. The results also indicate that the relatively low level of institutional ownership observed in the sample has not yet functioned as an effective external monitoring mechanism capable of strengthening the value relevance or credibility of sustainability reporting in the eyes of the market.
The increasing implementation of sustainability reporting has encouraged companies to improve transparency and accountability toward stakeholders. However, empirical evidence regarding its effect on firm value remains inconclusive, particularly concerning the mechanism through which sustainability reporting influences...
Evi Bintang Marlina Hutapea, Sofie· KASTA : Jurnal Ilmu Sosial,...· 0 citations
This study examines the influence of sustainability report disclosure and sustainability report assurance on firm value in Indonesia’s fast-moving consumer goods (FMCG) sector. Although sustainability reporting has increasingly become a regulatory mandate, evidence regarding its economic relevance in emerging markets r...
Arifah Nur Inayah, Christina Tri Setyorini· The International Conference...· 0 citations
Firm value reflects market perceptions of a company’s performance and future prospects, while Environmental, Social, and Governance (ESG) disclosure and institutional ownership are increasingly considered important factors related to corporate value. However, previous studies have reported inconsistent findings regardi...
Ike Indrianti Priyono, Harmono, D. Cahyaningsih et al.· Jurnal QOSIM : Jurnal Pendid...· 0 citations
This study examines the effects of green investment, corporate social responsibility (CSR), and corporate governance on firm value, while investigating the moderating role of financial statement fraud. As sustainability has become an increasingly important determinant of corporate value, concerns regarding the credibil...
Dara Nur Fadhilah, Agus Herta Sumarto· Journal of Economics and Bus...· 0 citations
This study investigates the effect of environmental disclosure and governance disclosure on
firm value within the unique institutional context of Nigeria's listed financial services sector.
Grounded in Stakeholder Theory, the research examines how these two key sustainability
reporting dimensions influence firm valu...
Anvah Ovye James· International Journal of Eco...· 0 citations
Research Objectives: This study aims to empirically examine the effects of Sustainability Report Disclosure and Corporate Social Responsibility (CSR) on the financial performance of energy sector companies listed on the Indonesia Stock Exchange (IDX) during the 2022–2024 period. It also investigates whether managerial...
Meryl Amara, Delli Maria· Journal of Accounting Resear...· 0 citations
We use cookies to run the site and, with your consent, for analytics and to show ads.
See our Cookie Policy.
