Date: 06-12-2019 Digital Publication Services : OSREL | JABM | JAM | ABMR | ABMCS

THE EFFECT OF SUSTAINABILITY REPORT DISCLOSURES AND INVESTMENT OPPORTUNITY SET ON THE FINANCIAL PERFORMANCE (Study in the company that followed ISRA in the period 2012-2014)

Detail
Author MIFTAHA HIDAYATULLAH
Category Akuntansi Keuangan dan Auditing

Abstract

This study aims to determine the effect Sustainability Report disclosure and Investment Opportunity Set on the financial performance of independent .Variabel in this study was measured by the Sustainability Report Corporate Social Responsibility Index (CSRI). The second independent variable Investment Opportunity Set as measured by Market Value to Book Value Equity Equity (MVE / BVE). This ratio explains that the market assess the return on investment companies in the future will be greater than expected return on equity. Dipenden variables used in this study is the company's financial performance as measured by ROA contained in profitability ratios, current ratio contained in the liquidity ratio and Dividend Payout Ratio contained in the ratio of the market. The sample in this study is a company that follows the Indonesia Sustainability Reporting Award and was listed in the Indonesia Stock Exchange and disclose the Sustainability Report and the financial statements of 2012-2014. Reports are taken by purposive sampling technique. Based on these criteria was selected 30 companies sampled in this study. The analysis used is multiple linear regression and using the SPSS 19 software tools. The results of this study indicate that the Sustainability Report disclosures have a positive effect on the company's financial performance, Investment Opportunity Set have a positive effect on the company's financial performance and sustainability Report disclosures and Investment Opportunity Set have a significant effect on the company's financial performance.