The Effect of Sustainability Disclosure with Good Corporate Governance as a Moderating Variable on Firm Value

Ricky Suhartono Iskandar, Yie Ke Feliana () and Rizky Eriandani
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Ricky Suhartono Iskandar: University of Surabaya
Yie Ke Feliana: University of Surabaya
Rizky Eriandani: University of Surabaya

A chapter in Proceedings of the 20th International Symposium on Management (INSYMA 2023), 2024, pp 105-111 from Springer

Abstract: Abstract By using a cross-sectional dataset comprising companies listed on the Indonesia Stock Exchange in 2017–2021, this study aims to determine whether the implementation of good corporate governance (GCG) can strengthen the effect of the quality and quantity of sustainability disclosures on firm value. The quality and quantity of sustainability disclosure are proxied based on the calculation of the score on the Global Reporting Initiative (GRI) disclosure; the GCG variable is proxied by the number of members of the board of commissioners, the proportion of independent commissioners, and the number of audit committee meetings; and firm value is proxied by Tobins’ Q variable. The results of this study are that the quality and quantity of sustainability disclosure positively and significantly impact firm value. Of the three GCG variables used, only the independent commissioner proportion moderates the effect of the quality of sustainability disclosures on firm value.

Keywords: firm value; good corporate governance; sustainability disclosure (search for similar items in EconPapers)
Date: 2024
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DOI: 10.2991/978-94-6463-244-6_19

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