Voluntary Adoption of Integrated Reporting and Firm Valuation: The Moderating Effect of ESG Performance

This study addresses a research gap by examining the impact of the voluntary adoption of integrated reporting on company value (TOBINSQ) for companies listed on the Indonesian Stock Exchange. A purposive sampling method was used to select the sample, which included companies with available ESG scor...

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Main Authors: Juniarti Juniarti, Aurelia Cindy Santoso, Cynthia Felita Hermawan, Alan Darmasaputra, James Wright
Format: Article
Language:Indonesian
Published: Petra Christian University 2025-01-01
Series:Jurnal Akuntansi dan Keuangan
Subjects:
Online Access:https://jurnalakuntansi.petra.ac.id/index.php/aku/article/view/29797
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author Juniarti Juniarti
Aurelia Cindy Santoso
Cynthia Felita Hermawan
Alan Darmasaputra
James Wright
author_facet Juniarti Juniarti
Aurelia Cindy Santoso
Cynthia Felita Hermawan
Alan Darmasaputra
James Wright
author_sort Juniarti Juniarti
collection DOAJ
description This study addresses a research gap by examining the impact of the voluntary adoption of integrated reporting on company value (TOBINSQ) for companies listed on the Indonesian Stock Exchange. A purposive sampling method was used to select the sample, which included companies with available ESG scores from 2018 to 2022 and accessible annual reports for the same period. The final sample consists of 83 companies, totalling 299 observations. Multiple regression analysis was employed to assess the direct effects of integrated reporting and the moderating role of ESG performance (ESGSCORE) on company value. Our findings reveal that integrated reporting positively influences company value and that ESG performance significantly moderates this relationship, enhancing the benefits of integrated reporting. The results underscore the importance for companies to adopt integrated reporting and enhance ESG performance to improve market valuation. The study also suggests that promoting integrated reporting and ESG disclosures can enhance market transparency and accountability. Future research should focus on longitudinal studies, sector-specific analyses, geographical variations, and the role of digital technologies in integrated reporting and ESG performance to provide deeper insights and practical recommendations.
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institution Kabale University
issn 1411-0288
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language Indonesian
publishDate 2025-01-01
publisher Petra Christian University
record_format Article
series Jurnal Akuntansi dan Keuangan
spelling doaj-art-57da901724ad4df3930fb94b64ff8d092025-01-23T03:13:40ZindPetra Christian UniversityJurnal Akuntansi dan Keuangan1411-02882338-81372025-01-0126210.9744/jak.26.2.131-141Voluntary Adoption of Integrated Reporting and Firm Valuation: The Moderating Effect of ESG PerformanceJuniarti Juniarti0Aurelia Cindy Santoso1Cynthia Felita Hermawan2Alan Darmasaputra3James Wright4Petra Christian UniversityPetra Christian UniversityPetra Christian UniversityPetra Christian UniversityUniversity of Chichester This study addresses a research gap by examining the impact of the voluntary adoption of integrated reporting on company value (TOBINSQ) for companies listed on the Indonesian Stock Exchange. A purposive sampling method was used to select the sample, which included companies with available ESG scores from 2018 to 2022 and accessible annual reports for the same period. The final sample consists of 83 companies, totalling 299 observations. Multiple regression analysis was employed to assess the direct effects of integrated reporting and the moderating role of ESG performance (ESGSCORE) on company value. Our findings reveal that integrated reporting positively influences company value and that ESG performance significantly moderates this relationship, enhancing the benefits of integrated reporting. The results underscore the importance for companies to adopt integrated reporting and enhance ESG performance to improve market valuation. The study also suggests that promoting integrated reporting and ESG disclosures can enhance market transparency and accountability. Future research should focus on longitudinal studies, sector-specific analyses, geographical variations, and the role of digital technologies in integrated reporting and ESG performance to provide deeper insights and practical recommendations. https://jurnalakuntansi.petra.ac.id/index.php/aku/article/view/29797Integrated reportingvoluntary adoptionESG performancefirm valuation
spellingShingle Juniarti Juniarti
Aurelia Cindy Santoso
Cynthia Felita Hermawan
Alan Darmasaputra
James Wright
Voluntary Adoption of Integrated Reporting and Firm Valuation: The Moderating Effect of ESG Performance
Jurnal Akuntansi dan Keuangan
Integrated reporting
voluntary adoption
ESG performance
firm valuation
title Voluntary Adoption of Integrated Reporting and Firm Valuation: The Moderating Effect of ESG Performance
title_full Voluntary Adoption of Integrated Reporting and Firm Valuation: The Moderating Effect of ESG Performance
title_fullStr Voluntary Adoption of Integrated Reporting and Firm Valuation: The Moderating Effect of ESG Performance
title_full_unstemmed Voluntary Adoption of Integrated Reporting and Firm Valuation: The Moderating Effect of ESG Performance
title_short Voluntary Adoption of Integrated Reporting and Firm Valuation: The Moderating Effect of ESG Performance
title_sort voluntary adoption of integrated reporting and firm valuation the moderating effect of esg performance
topic Integrated reporting
voluntary adoption
ESG performance
firm valuation
url https://jurnalakuntansi.petra.ac.id/index.php/aku/article/view/29797
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AT cynthiafelitahermawan voluntaryadoptionofintegratedreportingandfirmvaluationthemoderatingeffectofesgperformance
AT alandarmasaputra voluntaryadoptionofintegratedreportingandfirmvaluationthemoderatingeffectofesgperformance
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