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The Impact of Sustainability Reports toward the Firm Value

Author

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  • Hadri Mulya
  • Herbayu Prabowo

Abstract

The main aim of this study is to identify the impact of sustainability report of the economy (EKO), labor (KET), and human rights (HAM), toward the firm value (NP). The first hypothesis proposed was that economic context had a positive effect to firm value; the second hypothesis is that labor had a positive effect to firm value, and the last hypothesis is that human rights have a positive effect to firm value. The target group of this study has included listed companies in the Indonesia Stock Exchange in the period 2014-2015 and data sources from the financial statements and annual reports in the same period. The sample method used is a purposive sampling method based on the data completeness provided while 74 independent samples are obtained. The hypotheses are tested using multiple regression methodology. The result shows that simultaneously, the economy, labor, and human rights give a significant impact toward the firm value, labor and human rights categories don't give a significant impact toward the firm value.

Suggested Citation

  • Hadri Mulya & Herbayu Prabowo, 2018. "The Impact of Sustainability Reports toward the Firm Value," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 637-647.
    • Handle: RePEc:ers:journl:v:xxi:y:2018:i:4:p:637-647
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    File URL: https://www.ersj.eu/dmdocuments/2018_XXI_4_52.pdf
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    References listed on IDEAS

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    1. I.A. Ivanova & M.V. Bikeeva, 2016. "Corporate Social Responsibility: Specificity, Formation Mechanism, Estimation of Management Efficiency," European Research Studies Journal, European Research Studies Journal, vol. 0(3A), pages 167-184.
    2. Eleni N. Giannakopoulou & Eleftherios I. Thalassinos & Theodoros V. Stamatopoulos, 2016. "Corporate governance in shipping: an overview," Maritime Policy & Management, Taylor & Francis Journals, vol. 43(1), pages 19-38, January.
    3. T.N. Savina, 2016. "The Institutionalization of the Concept of Corporate Social Responsibility: Opportunities and Prospects," European Research Studies Journal, European Research Studies Journal, vol. 0(3B), pages 56-76.
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    Cited by:

    1. Aldo AMERTA & Yanuar NANOK SOENARNO, 2022. "The Impact of Enterprise Risk Management, Corporate Social Responsibility, and Sustainability Report on Firm Value in Banking Sector of Indonesia, Malaysia and Thailand," CECCAR Business Review, Body of Expert and Licensed Accountants of Romania (CECCAR), vol. 3(5), pages 62-72, May.

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