Does Sustainability Report Moderate the Effect of Financial Performance on Investor Reaction? Evidence of Indonesian Listed Firms

Hapsoro, Dody and Husain, Zul Fahmi (2019) Does Sustainability Report Moderate the Effect of Financial Performance on Investor Reaction? Evidence of Indonesian Listed Firms. International Journal of Business, 24 (3). pp. 308-328. ISSN 1083-4346

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Official URL: http://www.craig.csufresno.edu/ijb/Volumes/Volume%...

Abstract

The aim of this research is to test the effect of financial performance to investor reaction with a sustainability report as a moderating variable. The financial performance was measured by five categories. Sustainability report was measured by a sustainability report disclosure index and investor reaction was measured by cumulative abnormal return. The population of this research is all firms listed in the Indonesian Stock Exchange. The research samples are firms which disclose Global Reporting Initiative G4 in a row from 2013-2016 by using purposive sampling. The data analysis method used in this research is the PLS method using WarpPLS 4.0 application. The test result 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 moderate ROE, CR, and DER to investor reaction, but not moderate the effect of TAT and EPS to investor reaction.

Item Type: Article
Uncontrolled Keywords: return on equity, current ratio, total asset turnover, debt to equity ratio, earnings per share, sustainability report, cumulative abnormal return
Divisions: Dosen STIE YKPN > Artikel > Jurnal
Depositing User: Pustakawan STIE YKPN
Date Deposited: 28 Aug 2019 02:14
Last Modified: 05 Nov 2020 01:07
URI: http://repository.stieykpn.ac.id/id/eprint/516

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