Pengaruh Sustainability Reporting Terhadap Nilai Perusahaan Pada Perusahaan Sektor Industrials Di Bursa Efek Indonesia

Abstract

This study aims to assess the impact of sustainability reporting on firm value in companies listed on the Indonesia Stock Exchange during the 2021–2024 period. The growing attention to environmental, social, and governance issues has prompted companies to disclose sustainability information as a form of accountability to stakeholders. This study employs a quantitative method using secondary data sourced from companies’ annual reports and sustainability reports. The research sample was selected using purposive sampling, resulting in 52 companies with a total of 88 observations. The level of sustainability report disclosure was measured using the Sustainability Report Disclosure Index (SRDI), while firm value was estimated using Tobin’s Q ratio. Data analysis was conducted using simple linear regression with IBM SPSS Statistics 23. The findings indicate that sustainability reports do not have a significant impact on firm value. This study indicates that investors remain more focused on financial performance than on sustainability information when making investment decisions; consequently, sustainability reports have not yet served as a primary factor in enhancing firm value.