The Influence of Sustainability Report Disclosure Against Company Value with Profitability as Moderating Variables (For Companies Listed in the Lq45 Index for the 2021-2025 Period)

Mauly Rizqi Aprilianti; Nunung Aini Rahmah

doi:10.55681/economina.v5i9.4250

Authors

Mauly Rizqi Aprilianti Universitas Jenderal Achmad Yani Cimahi, Indonesia
Nunung Aini Rahmah Universitas Jenderal Achmad Yani Cimahi, Indonesia

DOI:

https://doi.org/10.55681/economina.v5i9.4250

Keywords:

Sustainability Report Disclosure, Profitability, Company Value, Tobin's Q, Return on Assets, LQ45

Abstract

Companies are not only economically responsible to shareholders, but also need to pay attention to the interests of stakeholders and the environmental conditions around the place where the company operates.This study aims to examine the effect of Sustainability Report Disclosure on firm value and analyze the role of profitability as a moderating variable in companies listed in the LQ45 index for the 2021–2025 period. This study uses a quantitative approach with secondary data. The sample was selected using a purposive sampling method, obtaining 23 companies with 115 observations during the study period. Data analysis was performed using multiple linear regression and Moderated Regression Analysis (MRA). The results show that Sustainability Report Disclosure has a negative and significant effect on firm value. Profitability has a positive and significant effect on firm value. Furthermore, profitability has been shown to moderate by weakening the effect on firm value. The results show that increasing sustainability disclosure does not necessarily provide added value to a company in the short term, while profitability is an important factor in increasing firm value.

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