PENGARUH GOOD CORPORATE GOVERNANCE PADA HUBUNGAN ANTARA SUSTAINABILITY REPORT DAN NILAI PERUSAHAAN (Studi Empiris Perusahaan Go Public di Indonesia Periode 2014-2015)

Ilham Nuryana Fatchan(1*), Rina Trisnawati(2)

(1) Program Studi Akuntansi Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Surakarta
(2) Program Studi Akuntansi Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Surakarta
(*) Corresponding Author

Abstract

This study aims to investigate the influence of corporate governance and sustainability report on firm value of all companies listed in the Indonesia Stock Exchange. The data is secondary data which is obtained from the website  www.ncsr-id.org, Indonesia Capital Market Directory (ICMD), and each website owned companies. The sample is companies that member of Indonesia Sustainability Report Award on the Indonesia Stock Exchange during 2014-2015. The sample was selected by purposive sampling method and obtained the 34 companies. Data analysis was performed with multiple regression method. The results show that sustainability report has a significantly influence on firm value, good corporate governance hasn’t a significantly influence on firm value and corporate governance as a moderating variable is not significantly influence on sustainability report and corporate value

Full Text:

PDF

References

Elkington, J., 1997. Cannibals with Forks. The Triple Bottom Line of 21st century.

Nugroho, Firman Aji. 2009. Analisis atas Narrative Text Pengungkapan Corporate Social Responbility dalam Sustainability Report PT. Aneka Tambang, Tbk. Skripsi. Semarang : Fakultas Ekonomi Universitas Diponegoro Semarang.

Hasanah, Hari Yanto dan Handayani. 2014. Model Pengembangan Good Corporate Governance dan Sustainability Report pada Perusahaan yang Terdaftar di Bursa Efek Indonesia.

Suryono, H dan A. Prastiwi.2011. Pengaruh Karakteristik Perusahaan dan Corporate Governance terhadap Praktik Pengungkapan Sustainability Report. Dalam Proceeding Simposium Nasional Akuntansi XIV. Aceh: Universitas Syiah Kuala.

Amilia, Luciana Spica dan Dwi Wijayanto. 2007. Pengaruh Environmental Performance dan Environmental Disclosure Terhadap Economic Performance. The 1st Accounting Conference, Faculty of Economics Universitas Indonesia. Depok, (November).

Guidry, R. P., & Patten, D. M. 2010. Market reactions to the first-time issuance of corporate sustainability reports: Evidence that quality matters. Sustainability Accounting, Management and Policy Journal, 1(1), 33-50.

Wibowo dan Faradiza. 2014. Dampak Pengungkapan Sustainability Report Terhadap Kinerja Keuangan dan Pasar Perusahaan. Makalah disampaikan pada Simposium Nasional Akuntansi, 17.

Gunawan dan Mayangsari. 2015. “Pengaruh Sustainability Reporting Terhadap Nilai Perusahaan Dengan Investment Opportunity Set Sebagai Variabel Moderating”

López, M.V., Garcia, A. and Rodriguez, L., 2007. Sustainable Development and Corporate Performance: A Study Based on the Dow Jones Sustainability Index. Journal of Business Ethics, 75(3), pp.285-300.

Fuerst, O. 2000. “Corporate Governance, Expected Operating Performance, and Pricing”. http://www.ssrn.com

Utami, N., 2012. Pengaruh Good Corporate Governance Terhadap Kinerja Keuangan Pada Perusahaan Yang Terdaftar Di Corporate Governance Perception Index (CGPI).

Deegan, C., 2004, March. Environmental Disclosures and Share Prices—a Discussion about Efforts to Study this Relationship. In Accounting Forum (Vol. 28, No. 1, pp. 87-97). Elsevier.

Eisenhardt, K.M., 1989. Agency theory: An assessment and review. Academy of management review, 14(1), pp.57-74.

Jansen dan Mecking.1976. “Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure”

Ghozali, Imam dan Anis Chariri. 2007. Teori Akuntansi. Semarang : Badan Penerbit Universitas Diponegoro.

Waryanto, W., Handayani, S. And Handayani, S., 2010. Pengaruh Karakteristik Good Corporate Governance Terhadap Luas Pengungkapan Corporate Social Responsibility Di Indonesia (Skripsi, Perpustakaan FE Universitas Diponegoro).

Vollono, R., 2010. Doing well by doing good: the empirical relationship between corporate social responsibility and financial performance.

Reddy, K. dan Gordon, L.W., 2010. The Effect of Sustainability Reporting on Financial Performance: An Empirical Study Using Listed Companies. Journal of Asia Entrepreneurship and Sustainability, 6(2), p.19.

Adhima, S.E., Fauzan, M., Hariadi, S.E. dan Bambang, A., 2013. Pengaruh Pengungkapan Sustainability Report terhadap Profitabilitas Perusahaan Studi Kasus pada Perusahaan Manufaktur yang Terdaftar dalam Bursa Efek Indonesia. Jurnal Ilmiah Mahasiswa FEB.

Mitton, T., 2002. A Cross-Firm Analysis of the Impact of Corporate Governance on the East Asian Financial Crisis. Journal of financial economics, 64(2), pp.215-241.

Sayidah, N., 2007. Pengaruh Kualitas Corporate Governance terhadap Kinerja Perusahaan Publik (Studi Kasus Peringkat 10 Besar CGPI Tahun 2003, 2004, 2005). Jurnal Akuntansi & Auditing Indonesia, 11(1).

Darmawati, dkk. 2005. Hubungan Corporate Governance dan Kinerja perusahaan. Jurnal Riset Akuntansi Indonesia. Vol. 8, No,6; 65-81.

www.globalreporting.org

www.iicg.org

www.ncsr-id.org

Natalia, P., 2012. Analisis Faktor-Faktor yang Mempengaruhi Pengungkapan Corporate Governance Pada Laporan Tahunan (Studi Empiris pada Perusahaan yang Terdaftar dalam LQ-45 Bursa Efek Indonesia (Skripsi, Fakultas Ekonomika dan Bisnis).

Peraturan Menteri BUMN No. PER-01/MBU/2011 tentang penerapan good corporate governance.

Peraturan X.K.6 Nomor. Kep-134/BL/2006

Rini, A.K. and Achmad., 2010. Analisis Luas Pengungkapan Corporate Governance dalam Laporan Tahunan Perusahaan Publik di Indonesia (Skripsi, Universitas Diponegoro).

Burhan, Annisa Hayatun N., and Wiwin Rahmanti. 2012. "The Impact of Sustainability Reporting on Company Performance." Journal of Economics, Business, and Accountancy Ventura 15.2 (2012): 257-272.

Reny. D (2012). Pengaruh Good Corporate Governance dan Pengungkapan Corporate Social Responsibility terhadap Nilai Perusahaan (Studi Empiris pada Perusahaan yang Terdaftar di Bursa Efek Indonesia periode 2007-2010) (Skripsi, Universitas Negeri Yogyakarta).

Zulfikar. 2006. Analisis Good Corporate Governance di Sektor Manufaktur: Pengaruh Penerapan Good Corporate Governance, Return On Asset,dan Ukuran Perusahaan terhadap Nilai Pasar Perusahaan. Journal Benefit, Vol. 10, No. 2, Desember 2006

Indriastuti., 2016. Pengaruh Good Corporate Governance, Kinerja Keuangan, dan Kebijakan Keuangan Terhadap Nilai Perusahaan (pada perusahaan go public yang masuk dalam penilaian CGPI tahun 2006-2013) (Skripsi, Universitas Muhammadiyah Surakarta).

Achyani et al., 2015. Pengaruh Praktik Corporate Governance terhadap Nilai Perusahaan dengan Manajemen Laba sebagai Variabel Intervening (Studi Kasus Pada Perusahaan Publik di Indonesia)

Herawaty, V. 2009. Peran Praktek Corporate Governance Sebagai Moderating Variable dari Pengaruh Earnings Management terhadap Nilai Perusahaan. Jurnal Akuntansi dan Keuangan, 10(2), PP-97.

Saraswati, R., & Hadiprajitno, P. B., 2012. Pengaruh Corporate Governance pada Hubungan Corporate Social Responsibility dan Nilai Perusahaan Manufaktur yang Terdaftar di BEI (Doctoral dissertation, Fakultas Ekonomika dan Bisnis).

DOI: 10.23917/reaksi.v1i1.1954

Article Metrics

Abstract view(s): 10615 time(s)
PDF: 11587 time(s)

Refbacks

  • There are currently no refbacks.