Sustainability reporting: Moderating the impact of financial performance on stock price

Rosilawati, Linda ORCID: https://orcid.org/0000-0002-2720-3612 and Nawirah, Nawirah (2024) Sustainability reporting: Moderating the impact of financial performance on stock price. Owner: Riset & Jurnal Akuntansi, 8 (3). pp. 2952-2967. ISSN 2548-9224

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Abstract

This study aims to examine the influence of financial performance on stock prices with sustainability reports as a moderating variable. Financial performance is measured through four categories. Sustainability reports are measured using the GRI-G4 index. The research population includes 27 palm oil industry companies listed on the Indonesia Stock Exchange. The research sample consists of 17 palm oil industry companies that consecutively disclosed annual reports, financial reports, and sustainability reports from 2018 to 2022, using purposive sampling. The data analysis method in this study involves panel data regression and Moderated Regression Analysis (MRA) using Eviews 12 software. The test results indicate that earnings per share and net profit margin have a significant impact on stock prices. However, the current ratio and debt-to-equity ratio do not influence stock prices. Meanwhile, sustainability reports can moderate the impact of earnings per share, net profit margin, and current ratio on stock prices but cannot moderate the impact of the debt-to-equity ratio on stock prices.

Item Type:	Journal Article
Keywords:	Financial Performace; Palm Oil Industry; Sustainability Report; Stock Price
Subjects:	14 ECONOMICS > 1402 Applied Economics > 140207 Financial Economics
Divisions:	Faculty of Economics > Department of Accounting
Depositing User:	Nawirah nn Nawirah
Date Deposited:	12 Aug 2024 09:17

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