Pengaruh Profitabilitas terhadap Nilai Perusahaan dengan Moderasi Pengungkapan Elemen-Elemen Integrated Reporting

Abstract

This paper aims to determine the effect of profitability on firm value and the moderation of disclosure of integrated reporting elements in influencing the relationship of profitability with firm value. The sample is representative of each sector using the purposive stratified sampling method. This research is a quantitative study using a sample of 86 companies listed on the Indonesia Stock Exchange (BEI). Data were analyzed using multiple linear regression and processed using the Stata 13 application. The results show that profitability has no effect on the value of the company. Investors still need to consider the information generated from profitability because of the option to put into retained earnings and dividend distribution that will be taken by the company. The other result state that the integrated reporting elements do not affect the relationship of profitability with firm value because the value of information in the disclosure element is not directly related to the financial information (numbers) of a company.
 Keywords: Profitability; Firm Value; Integrated Reporting.

Tax Aggressiveness, Fair Value Accounting, Debt Maturity: Does Integrated Reporting Matter?

“…Financial information used as an indicator in the relevance of IR value is distorted by the application of accounting standards which are relatively the same in pre and post IR adoption (Fernando et al, 2018). The disclosure of non-numerical information in the IR is not significantly related to numerical information in the company's annual report (Bhimantara and Dinarjito, 2021). Voluntary presentation of information through the IR element is considered unable to provide added value information so that creditors and investors are not responding to their policy-making (Kurniawan et al, 2020).…”

Integrated Reporting Using Extensible Business Reporting Language (Xbrl) Adoption and Its Effects

“…Another difference is that the IR element does not eliminate the information asymmetry that occurs. Voluntary information from disclosure of IR elements does not provide information value to investors (Bhimantara & Dinarjito, 2021).…”

“…In other words, the size of the company has not been able to form a company image that can have an impact on the value of the company. Another difference occurs because the size of the company is information that is not too concerned by investors (Bhimantara & Dinarjito, 2021).…”

Peran Kebijakan Utang Dalam Hubungan Pengungkapan Keberlanjutan dan Nilai Perusahaan

“…Dalam penelitian ini, proksi profitabilitas dihitung melalui return on asset (ROA) sebagaimana Bhimantara & Dinarjito (2021) dan Hertina et al (2019).…”

“…Penelitian sebelumnya yang telah menguji nilai perusahaan dilakukan dengan ukuran perusahaan (D. K. Sari & Wahidahwati, 2021;Vernando & Erawati, 2020), pertumbuhan penjualan (Apriliyanti et al, 2019;Suwardika & Mustanda, 2017), profitabilitas (Apriliyanti et al, 2019;Bhimantara & Dinarjito, 2021;Hertina et al, 2019;N. A. Sari & Susilowati, 2021), likuiditas perusahaan (Nasrun & Suyatmin, 2020;Sugiyanto & Setiawan, 2019), kebijakan dividen (Bahrun et al, 2020;Salman et al, 2020), kebijakan utang (Apriliyanti et al, 2019;Carolina et al, 2020;Firmansyah, Setiawan, et al, 2020;Hertina et al, 2019;Nasrun & Suyatmin, 2020;Suripto, 2019;Wulandari et al, 2021), keputusan investasi (Bahrun et al, 2020), revaluasi aset (Salman et al, 2020), kepemilikan instrumen derivatif (Firmansyah & Purnama, 2020;Novianti & Firmansyah, 2020), modal intelektual (Gaol et al, 2021;Josephine et al, 2019), kepemilikan manajerial (Widyaningsih, 2018), kepemilikan institusional (Toly et al, 2019;Widyaningsih, 2018), jumlah dewan direksi (Toly et al, 2019;Utomo & Dianawati, 2017), komisaris independen (Aryanto & Setyorini, 2019;Widyaningsih, 2018), dan komite audit (Aryanto & Setyorini, 2019;Utomo & Dianawati, 2017;Widyaningsih, 2018), pengungkapan tata kelola perusahaan (Damayanti & Firmansyah, 2021;…”