PENGARUH ROA DAN ROE TERHADAP NILAI PERUSAHAAN DENGAN SUSTAINABILITY REPORTING SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN YANG TERDAFTAR DI LQ 45

Authors

  • Karin Dwi Cahya
  • Julians C. Riwoe

DOI:

https://doi.org/10.61769/jabs.v3i1.304

Abstract

The firm's value is determined by several factors, including management's performance in generating profit and processing resources optimally and with regard to the environment in which its business. Information on these factors can be seen from the company's financial report and sustainability reporting made by management. The purpose of this research is to know the influence of ROA and ROE toward firm value with sustainability reporting as an intervening variable. This research used quantitative methods with data acquisition sampling used purposive sampling method. Samples were obtained is nine companies listed in LQ 45 during the period 2010 - 2014. Hypothesis test using multiple regression and path analysis. The results showed that the ROA has a significant positive influence toward firm value directly and indirectly, while ROE has a significant negative influence toward firm value directly and indirectly. ROA also have a significant influence toward sustainability reporting directly, while ROE has no influence toward sustainability reporting. Simultaneously, ROA and ROE has influence toward sustainability reporting. ROA, ROE and sustainability reporting also influence simultaneously toward firm value.

Keywords: firm value, ROA, ROE, sustainability reporting.


Nilai perusahaan ditentukan oleh beberapa faktor diantaranya kinerja manajemen dalam menghasilkan profit dan mengolah sumber daya secara optimal serta memperhatikan lingkungan tempat usahanya. Informasi mengenai faktor-faktor tersebut dapat dilihat dari laporan keuangan perusahaan dan laporan berkelanjutan atau sustainability reporting yang dibuat oleh manajemen. Penelitian ini bertujuan untuk mengetahui pengaruh antara ROA dan ROE terhadap nilai perusahaan dengan sustainability reporting sebagai variabel intervening. Penelitian ini menggunakan metode kuantitatif dengan pengambilan data sampel mengggunakan metode purposive sampling. Sampel yang diperoleh dalam penelitian ini berjumlah sembilan perusahaan yang terdaftar di LQ 45 selama periode 2010 – 2014. Pengujian hipotesis menggunakan adalah regresi berganda dan analisis jalur. Hasil penelitian menunjukkan bahwa ROA memiliki pengaruh positif signifikan terhadap nilai perusahaan secara langsung dan tidak langsung, sedangkan ROE memiliki pengaruh negatif signifikan terhadap nilai perusahaan secara langsung dan tidak langsung. ROA juga memiliki pengaruh signifikan terhadap sustainability reporting secara langsung, sedangkan ROE tidak memiliki pengaruh terhadap sustainability reporting. Secara simultan, ROA dan ROE berpengaruh terhadap sustainability reporting. ROA, ROE dan sustainability reporting juga berpengaruh secara simultan terhadap nilai perusahaan.

Kata kunci: nilai perusahaan, ROA, ROE, sustainability reporting.

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Published

2020-01-16

Issue

Vol. 3 No. 1 (2018)

Section

Articles

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