Received: 18 Aug 2018 , Published: 23 August 2018
Views: 235 , Download: 120
|1||Sarita Vania Clarissa|
|2||Dr. Ni Ketut Rasmini, S.E., M.Si.,Ak.,CA|
Financial performance is an important issue for company. Currently, one of method that can be used to improve financial performance is disclose sustainability report. Sustainability report is a report containing non-financial information that consists economic, social and environment performance. Sustainable companies is a company that not only pay attention to the benefits, but also aware about environment and social around their company. To create effective and efficient sustainability report, require a good corporate governance. This study analyzes the effect of sustainability report on financial performance by observe at each aspect of the sustainability report and to analyze how good corporate governance quality can moderate that effect.
This study use financial company who publish sustainability report on 2013-2016 and participated in Corporate Governance Perception Index (CGPI) as a sample. The method used to analyse the effect between variables is Moderated Regression Analysis.
The results of this study indicate that social and environment performance disclosure has positif significant effect on financial performance, but economic performance disclosure has negative significant effect on financial performance. Good corporate governance quality weakens the effect of economic and environment performance disclosure on financial performance. But good corporate governance quality is not able to moderate the effect of social performance disclosure on financial performance.
Chan, MuiChing Carina., Watson, John., Woodliff, David. 2014. Corporate Governance Quality and CSR Disclosure. Journal of Business Ethics, 125(1): 59-73.
Deegan, C. 2004. Financial Accounting Theory. Sydney: McGraw-Hill
Djokic, Danila., Duh, Mojca. 2016. Corporate Governance Quality in Selected Transition Countries. Managing Global Transitions, 14(4): 335-350.
Elkington, John. 1997. “Cannibals with Forks: the Triple Bottom Line of 21st Century Business”. Business Oxford: Capstone Publishing Ltd.
Freeman, R.E. 1984. Strategic Management a Stakeholder Approach. Massachusetts: Pitman Publishing Inc.
Jumingan. 2006. Analisis Laporan Keuangan Cetakan Pertama. Jakarta: PT Bumi Aksara.
Khumairoh, Novida Dwi., Sambharakreshna, Yudhanta., Kompyurini, Nurul. 2014. JAFFA, 2(1): 51-60.
Pratiwi, Angrum. 2016. Pengaruh Kualitas Penerapan Good Corporate Governance (GCG) Terhadap Kinerja Keuangan Pada Bank Umum Syariah di Indonesia (periode 2010-2015). Jurnal Ekonomi dan Bisnis, 2(1): 55-76.
Preston, Lee E., O'Bannon, Douglas P. 1997. The Corporate Social-Financial Performance Relationship: A Typology And Analysis. Business and Society, 36(4): 419-429.
Siagian, Ferdinand., Siregar, Sylvia V., Rahardian, Yan. 2013. Corporate Governance Reporting Quality and Firm Value: Evidence from Indonesia. Journal of Accounting in Emerging Economics, 3(1): 4-20.
Tilling, M. V. 2004. Refinements to Legitimacy Theory in Social and Environmental Accounting. Commerce Research Paper Series 04-06.
Yantiningsih, Noor Dwi., Islahuddin., Musnadi, Said. 2016. Pengaruh Kualitas Penerapan Good Corporate Governance (GCG) Terhadap Kinerja Keuangan pada Perbankan Syariah Indonesia (Periode 2010-2014). Jurnal Magister Akuntansi Pascasarjana Universitas Syiah Kuala, 5(1): 79-89.