Pengungkapan Sustainability Report dan Kinerja Keuangan

Abstrak

Research trends regarding sustainability report begin to increase gradually in Indonesia, as well as the increasing  of companies that publish sustainability report. However, many of these studies still show inconsistent results. The aim of this study is to reexamine the relationship between sustainability report disclosure and financial performance. There are two things that distinguish this research from the previous ones. Firstly, this research uses companies that consistently publish sustainability report and secondly, this study uses all of  measures of financial performance, namely: the size of the asset management, profitability, leverage, liquidity and market. Samples consist of 54 firm-years, which is derived from the companies that consistently publish sustainability reporting for the period 2009-2011. The results indicate that the economic dimension (EC) of the sustainability report has no effect on the financial performance, while the other two dimensions, namely the environment (EN) and social (SO) negatively affect financial performance.