Apakah Sustainability Report Memoderasi Pengaruh Kinerja Keuangan terhadap Reaksi Investor?

Husain, Zul Fahmi (2018) Apakah Sustainability Report Memoderasi Pengaruh Kinerja Keuangan terhadap Reaksi Investor? Jurnal thesis, STIE YKPN.

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Abstract

This research studies the impact of financial performance to investor reaction with sustainability report as moderating variable. The financial performance could be seen through five categories: profitability ratio was measured by return on equity (ROE), liquidity ratio by current ratio (CR), activity ratio by total asset turnover (TAT), solvency ratio by debt to equity ratio (DER), and market ratio by earning per share (EPS). Sustainability report was measured by Sustainability report disclosure index (SRDI) and investor reaction was measured by cummulative abnormal return (CAR). The population of this research is 445 non-financial companies were listed in Indonesian Stock Exchange (IDX). The research samples are 15 companies which discloses Global Reporting Initiative G4 (GRI G4) sustainability report in a row from 2013-2016 by using purposive sampling. The research data is secondary data obtained from the Indonesia Stock Exchange, website of each sample company, and Yahoo Finance website. Data analysis method used in this research is Partial Least Square (PLS) method using WarpPLS 4.0 application. The analysis showed that DER and EPS have no effect on the investor reaction. However, ROE, CR, and TAT have a positive effect on the investor reaction. Meanwhile, sustainability report can moderate ROE, CR, and DER to investor reaction, but not moderate TAT and EPS to investor reaction.

Item Type: Thesis (Jurnal)
Additional Information: Tesis dapat dibaca di Perpustakaan dengan call number Hus a 377/2018
Uncontrolled Keywords: return on equity, current ratio, total asset turnover, debt to equity ratio, earning per share, sustainability report, cummulative abnormal return
Divisions: Program Pasca Sarjana > Jurnal Tesis Magister Akuntansi
Depositing User: Pustakawan STIE YKPN
Date Deposited: 05 Jul 2019 07:40
Last Modified: 05 Jul 2019 07:40
URI: http://repository.stieykpn.ac.id/id/eprint/235

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