Kinerja Lingkungan dan Pengungkapan Sustainability Reporting Terhadap Nilai Perusahaan dengan Moderasi Profitabilitas

Unofficial AI-generated summary based on the public title and abstract. Not an official translation.

🔬研究者:Evidence from Indonesia on how environmental performance and GRI-based disclosure affect firm value, with moderation by profitability.

🏢実務担当者:Demonstrates that strong environmental performance and sustainability reporting, backed by profitability, can enhance firm value; useful for internal business case building.

本研究旨在分析环境绩效和可持续发展报告披露对企业价值的影响，并以盈利能力作为调节变量，研究对象为在印度尼西亚证券交易所上市的消费品制造业公司。企业价值反映了投资者对公司未来业绩和前景的认知，因此不仅受财务绩效影响，也受非财务绩效（尤其是环境与可持续发展方面）的影响。本研究采用定量方法，使用从年度报告、可持续发展报告及公司官方出版物获取的二手数据。环境绩效以PROPER评级衡量，可持续发展报告披露以全球报告倡议组织（GRI）指数衡量，企业价值以托宾Q比率衡量，盈利能力以资产回报率（ROA）衡量。分析方法采用多元线性回归和调节回归分析（MRA）。结果表明，环境绩效和可持续发展报告披露对企业价值具有正向影响。此外，盈利能力被证明能够强化环境绩效和可持续发展报告披露对企业价值的影响。这些发现表明，环境绩效良好且可持续发展报告披露水平较高的公司，在强劲盈利能力的支持下，往往具有更高的企业价值。本研究提供的启示是，实施可持续发展实践不仅是一种合规形式，也是一种以可持续方式提升公司价值的战略。

AI 翻訳（deepseek-v4-flash）。 正確を期す場合は下の原文を参照してください。

The study aims to analyze the influence of environmental performance and sustainability reporting disclosure on firm value, with profitability as a moderating variable in consumer goods manufacturing companies listed on the Indonesia Stock Exchange. Firm value reflects investors' perceptions of a company's future performance and prospects, and is therefore influenced not only by financial performance but also by non-financial performance, particularly environmental and sustainability aspects. This study uses a quantitative approach with secondary data obtained from annual reports, sustainability reports, and official company publications. Environmental performance is measured using the PROPER rating, sustainability reporting disclosure is measured using the Global Reporting Initiative (GRI) index, firm value is measured using the Tobin's Q ratio, and profitability is measured by Return on Assets (ROA). The analytical methods used are multiple linear regression and moderated regression analysis (MRA). The results show that environmental performance and sustainability reporting disclosure have a positive effect on firm value. In addition, profitability is proven to strengthen the influence of environmental performance and sustainability reporting disclosure on firm value. These findings indicate that companies with good environmental performance and high levels of sustainability reporting disclosure, supported by strong profitability, tend to have higher firm value. This research provides implications that the implementation of sustainability practices is not only a form of compliance, but also a strategy to increase company value in a sustainable manner.

• semanticscholar https://journal.ilmudata.co.id/index.php/RIGGS/article/download/5628/4043first seen 2026-07-18 08:27:02 · last seen 2026-07-27 05:52:44