Proceedings of the 6th International Conference on Tourism, Economics, Accounting, Management, and Social Science (TEAMS 2021)

Value Relevance of Sustainability Report and Its Impact on Value of Companies

Authors
Desak Nyoman Sri Werastuti1, *, Anantawikrama Tungga Atmadja1, I Made Pradana Adiputra1
1Department of Economic and Accounting, Universitas Pendidikan Ganesha, Singaraja, Indonesia
*Corresponding author. Email: sri.werastuti@undiksha.ac.id
Corresponding Author
Desak Nyoman Sri Werastuti
Available Online 25 November 2021.
DOI
10.2991/aebmr.k.211124.038How to use a DOI?
Keywords
Sustainability report; Book value; Profit; company value
Abstract

This study aims to examine whether the sustainability report has value relevance for investors and affects the value of the company. Ohlson’s multiple regression model is used as a method with 38 publicly listed companies in 2016-2019 as a sample. The results of the study show that investors use sustainability reports as value-added information in making investment decisions. Investors today are not only focused on short-term profits or company profits, but also the sustainability and long-term profits of the company in order to satisfy all stakeholders. The sustainability report made by the company is considered capable of being a material or aspect of consideration related to investments and helps indicate the long-term prospects of a company Therefore, regulators are expected to immediately issue adequate regulations regarding disclosure in sustainability reports.

Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 6th International Conference on Tourism, Economics, Accounting, Management, and Social Science (TEAMS 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
25 November 2021
ISBN
10.2991/aebmr.k.211124.038
ISSN
2352-5428
DOI
10.2991/aebmr.k.211124.038How to use a DOI?
Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Desak Nyoman Sri Werastuti
AU  - Anantawikrama Tungga Atmadja
AU  - I Made Pradana Adiputra
PY  - 2021
DA  - 2021/11/25
TI  - Value Relevance of Sustainability Report and Its Impact on Value of Companies
BT  - Proceedings of the 6th International Conference on Tourism, Economics, Accounting, Management, and Social Science (TEAMS 2021)
PB  - Atlantis Press
SP  - 257
EP  - 267
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.211124.038
DO  - 10.2991/aebmr.k.211124.038
ID  - Werastuti2021
ER  -