Aljein Maya Rini

Pengaruh Pengungkapan Laporan Keberlanjutan terhadap Nilai Perusahaan pada Perusahaan Sub Sektor Perbankan yang Terdaftar di BEI Periode 2020-2022

Introduction

Pengaruh pengungkapan laporan keberlanjutan terhadap nilai perusahaan pada perusahaan sub sektor perbankan yang terdaftar di bei periode 2020-2022. Studi kuantitatif menganalisis dampak pengungkapan laporan keberlanjutan pada nilai perusahaan perbankan di BEI 2020-2022. Pengungkapan ekonomi positif, lain negatif.

Abstract

The main objective of this study is to analyze how corporate value disclosure affects corporate value in banking sub-sector companies listed on the IDX for the 2020-2022 period. The research method used is quantitative, with a sample of 51 banking sub-sector companies. The results show that economic performance disclosure has a positive effect on the dependent variable, namely corporate value. This shows that economic performance disclosure has an influence on company valuation. While environmental performance disclosure and social performance disclosure have negative effects. This shows that both factors, environmental performance disclosure and social performance disclosure are not points that affect company value. This finding provides insight that although sustainability report disclosure has been stipulated in the law, this is still not a point that greatly influences sustainability reports. The results of this study indicate that only economic performance disclosure has an influence on company value, while environmental performance disclosure and social performance disclosure do not affect company value.

Review

This study addresses a highly relevant and timely topic concerning the impact of sustainability report disclosure on corporate value within the banking sub-sector in Indonesia. The objective to analyze this relationship for companies listed on the IDX during 2020-2022 is clear and focused. Utilizing a quantitative research method with a sample of 51 banking companies provides a solid foundation for empirical analysis. The abstract immediately presents intriguing, and somewhat contrasting, findings regarding the specific components of sustainability disclosure, setting the stage for a nuanced discussion on market perception and value creation. The key strength of this research lies in its specific findings: the positive effect of economic performance disclosure on corporate value is intuitive and reinforces the market's appreciation for financial transparency within sustainability reporting. More notably, the abstract highlights a puzzling negative effect from both environmental and social performance disclosures. This finding challenges the conventional assumption that all aspects of sustainability reporting uniformly contribute to positive firm valuation. The authors' interpretation that these are "not points that affect company value" while showing a "negative effect" warrants further investigation, as a negative sign typically implies a detrimental impact rather than a neutral one. This unexpected outcome provides a crucial insight into how the Indonesian banking market might currently perceive non-economic sustainability efforts. While the study offers valuable insights, the abstract points to an area for deeper exploration. The stated "negative effects" of environmental and social performance disclosure, juxtaposed with the interpretation that these factors are "not points that affect company value," presents a conceptual discrepancy. A negative effect implies a detraction from value, not merely a lack of influence. A more thorough discussion within the paper regarding the potential reasons for this negative perception – such as perceived costs outweighing benefits, investor skepticism, or a lack of clear market mechanisms for valuing these specific disclosures – would significantly enhance the study's contribution. Nevertheless, this research compellingly demonstrates that, despite legal stipulations for sustainability reporting, its various components are not uniformly valued by the market, particularly in the Indonesian banking context, thus prompting important questions for future research and practical application.

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