Sustainabillity Report Disclosure dan Ketahanan Perusahaan Sebelum dan Saat Pandemi Covid-19

Kadek Rahma Sari

doi:10.31004/riggs.v4i3.2078

Authors

Kadek Rahma Sari Universitas Teknologi Nusantara

DOI:

https://doi.org/10.31004/riggs.v4i3.2078

Keywords:

Sustainability Report, Firm Performace, ROA

Abstract

Penelitian ini bertujuan untuk mengetahui manfaat sustainability report disclosure bagi ketahanan perusahaan dalam menghadapi perubahan siklus ekonomi melalui firm performace perusahaan. Dalam mendapatkan hasil penelitian, metode yang digunakan pada penelitian ini adalah library research. Hasil penelitian ini menunjukan bahwa perusahaan yang mengeluarkan sustanability report pada saat terjadinya gejolak ekonomi tetap dapat mempertahankan firm performance yang dimiliki, hal ini dapat dilihat pada pengaruh positif yang diberikan pada penelitian sebelumnya yang melakukan penelitian pada perusahaan yang tetap mengeluarkan sustainability report pada masa pande covid-19.

Downloads

Download data is not yet available.

References

Akhter, F., Hossain, M. R., Elrehail, H., Rehman, S. U., & Almansour, B. (2022). Environmental disclosures and corporate attributes, from the lens of legitimacy theory: a longitudinal analysis on a developing country. European Journal of Management and Business Economics. https://doi.org/10.1108/EJMBE-01-2021-0008

Albuquerque, R., Koskinen, Y., Yang, S., & Zhang, C. (2020). Resiliency of environmental and social stocks: An analysis of the exogenous COVID-19 market crash. Review of Corporate Finance Studies, 9(3), 593–621. https://doi.org/10.1093/rcfs/cfaa011

Alhawaj, A., Buallay, A., & Abdallah, W. (2022). Sustainability reporting and energy sectorial performance: developed and emerging economies. International Journal of Energy Sector Management. https://doi.org/10.1108/IJESM-10-2020-0020

Ali, I., Lodhia, S., & Narayan, A. K. (2020). Value creation attempts via photographs in sustainability reporting: a legitimacy theory perspective. Meditari Accountancy Research, 29(2), 247–263. https://doi.org/10.1108/MEDAR-02-2020-0722

Amankwah-Amoah, J. (2020). Stepping up and stepping out of COVID-19: New challenges for environmental sustainability policies in the global airline industry. Journal of Cleaner Production, 271.

Arshad, R., Muda, R., Chen, M. M.-D., MacDonald, G., Mani, R., BURKE, W., Gloor, P., Geiger, H., Gloor, P., Becker, R., Jost, W., Scholz, T. M. T., McMahon, M. J., Lamberti, H.-J., Maclean, M., Meyer, H., Bliss, G. L., Abrevaya, J., Matungulu, K., … Conboy, K. (2021). Introduction. Transformation of the Electric Utility Business Model, 5(1), 1. Bahta, D., Yun, J., Islam, M. R., & Ashfaq, M. (2020). Corporate social responsibility, innovation capability and firm performance: evidence from SME. Social Responsibility Journal, 17(6), 840–860. https://doi.org/10.1108/SRJ-12-2019-0401

Broadstock, D. C., Chan, K., Cheng, L. T. W., & Wang, X. (2021). The role of ESG performance during times of financial crisis: Evidence from COVID-19 in China. Finance Research Letters, 38, 101716. https://doi.org/10.1016/j.frl.2020.101716

Buallay, A. (2022). Sustainability reporting in food industry: an innovative tool for enhancing financial performance. British Food Journal, 124(6), 1939–1958. https://doi.org/10.1108/BFJ-01-2021-0053

Buallay, A., Fadel, S. M., Alajmi, J., & Saudagaran, S. (2020). Sustainability reporting and bank performance after financial crisis: Evidence from developed and developing countries. Competitiveness Review, 31(4), 747–770. https://doi.org/10.1108/CR-04-2019-0040

Caporale, G. M., Gil-Alana, L., Plastun, A., & Makarenko, I. (2022). Persistence in ESG and conventional stock market indices. Journal of Economics and Finance, 46(4), 678–703. https://doi.org/10.1007/s12197-022-09580-0

Carvajal, M., & Nadeem, M. (2022). Financially material sustainability reporting and firm performance in New Zealand. Meditari Accountancy Research. https://doi.org/10.1108/MEDAR-06-2021-1346

Cheng, L. T. W., Sharma, P., Shen, J., & Ng, A. C. C. (2021). Exploring the dark side of third-party certification effect in B2B relationships: A professional financial services perspective. Journal of Business Research, 127, 123–136. https://doi.org/10.1016/j.jbusres.2021.01.031

Corazza, L., Truant, E., Scagnelli, S. D., & Mio, C. (2020). Sustainability reporting after the Costa Concordia disaster: a multi-theory study on legitimacy, impression management and image restoration. Accounting, Auditing and Accountability Journal, 33(8), 1909–1941. https://doi.org/10.1108/AAAJ-05-2018-3488

Crovini, C., Schaper, S., & Simoni, L. (2022). Dynamic accountability and the role of risk reporting during a global pandemic. Accounting, Auditing and Accountability Journal, 35(1), 169–185. https://doi.org/10.1108/AAAJ-08-2020-4793

Devie, D., Liman, L. P., Tarigan, J., & Jie, F. (2020). Corporate social responsibility, financial performance and risk in Indonesian natural resources industry. Social Responsibility Journal, 16(1), 73–90. https://doi.org/10.1108/SRJ-06-2018-0155

García-Sánchez, I.-M. (2020). Corporate social responsibility during COVID-19 pandemic. Journal of Open Innovation: Technology, Market, and Complexity, 6(4), 126.

Hambali, A., & Adhariani, D. (2023). Sustainability performance at stake during COVID-19 pandemic? Evidence from Sharia-compliant companies in emerging markets. Journal of Islamic Accounting and Business Research, 14(1), 80–99. https://doi.org/10.1108/JIABR-01-2022-0014

Hongming, X., Ahmed, B., Hussain, A., Rehman, A., Ullah, I., & Khan, F. U. (2020). Sustainability Reporting and Firm Performance: The Demonstration of Pakistani Firms. SAGE Open, 10(3). https://doi.org/10.1177/2158244020953180

Jan, A. A., Lai, F. W., Draz, M. U., Tahir, M., Ali, S. E. A., Zahid, M., & Shad, M. K. (2022). Integrating sustainability practices into islamic corporate governance for sustainable firm performance: from the lens of agency and stakeholder theories. Quality and Quantity, 56(5), 2989–3012. https://doi.org/10.1007/s11135-021-01261-0

Lin, W., & Rong, M. (2012). Impacts of other comprehensive income disclosure on earnings management. Nankai Business Review International, 3(1), 93–101. https://doi.org/10.1108/20408741211201944

Lu, J., & Khan, S. (2023). Are sustainable firms more profitable during COVID-19? Recent global evidence of firms in developed and emerging economies. Asian Review of Accounting, 31(1), 57–85. https://doi.org/10.1108/ARA-04-2022-0102

Lu, J., Rodenburg, K., Foti, L., & Pegoraro, A. (2022). Are firms with better sustainability performance more resilient during crises? Business Strategy and the Environment, 31(7), 3354–3370. https://doi.org/10.1002/bse.3088

Meutia, I., Kartasari, S. F., & Yaacob, Z. (2022). Stakeholder or Legitimacy Theory? The Rationale behind a Company’s Materiality Analysis: Evidence from Indonesia. Sustainability (Switzerland), 14(13). https://doi.org/10.3390/su14137763

Phang, S. Y., Adrian, C., Garg, M., Pham, A. V., & Truong, C. (2023). COVID-19 pandemic resilience: an analysis of firm valuation and disclosure of sustainability practices of listed firms. In Managerial Auditing Journal (Vol. 38, Issue 1). https://doi.org/10.1108/MAJ-06-2021-3183

Santosa, P. W. (2020). The moderating role of firm size on financial characteristics and islamic firm value at indonesian equity market. Business: Theory and Practice, 21(1), 391–401. https://doi.org/10.3846/btp.2020.12197

Simoni, L., Bini, L., & Bellucci, M. (2020). Effects of social, environmental, and institutional factors on sustainability report assurance: evidence from European countries. Meditari Accountancy Research, 28(6), 1059–1087. https://doi.org/10.1108/MEDAR-03-2019-0462

Zarefar, A., Agustia, D., & Soewarno, N. (2022). Bridging the Gap between Sustainability Disclosure and Firm Performance in Indonesian Firms: The Moderating Effect of the Family Firm. Sustainability (Switzerland), 14(19). https://doi.org/10.3390/su141912022

Zharfpeykan, R., & Ng, F. (2020). COVID-19 and sustainability reporting: what are the roles of reporting frameworks in a crisis? Pacific Accounting Review, 33(2), 189–198. https://doi.org/10.1108/PAR-09-2020-0169