PENGARUH SUSTAINABILITY REPORTING TERHADAP KINERJA KEUANGAN DARI SISI MARKET VALUE RATIOS

Abstract

Sustainability report contains the financial performance and non financial performance. In recent years, has been realized the importance of this disclosure through its impact on financial performance.This study aimed to examine the relationship between indicators of sustainability reporting and the company’s market value ratios. This study used secondary data. The independen variable in this study was disclosure of Sustainability report that divided into the performances of disclosure of economic, environmental, and social that measured by using SRDI Indexs. The Independent variables were measured by using the disclosure indexs. GRI (Global Reporting Initiative) would be used as a guade of sustainability report as a basis for measuring the indexs. The dependent variable used ware the market value ratios. the sample was 15 companies that publised the sustainability report in three consecutive years of 2010-2012 and could be accessed through the companies’ websites and website of National Center for Sustainability Reporting and these companies had already published the Annual Financial Statements in 2011-2013 which could be accessed through the companies’ websites. As a result sustainability reporting in the economic and environmental aspect gave significant positive affect of Ratio Market Value, mean while in the social aspect, Sustainability Reporting gave not significant positive effect of Ratio market value. Keywords : Sustainability reporting, financial performance, market value ratios, Global Reporting Intiative-Index (GRI-Index)