THE EFFECT OF SUSTAINABILITY REPORT DISCLOSURE ON FIRM VALUE MODERATED BY INTELLECTUAL CAPITAL IN BANKING COMPANIES ON THE INDONESIA STOCK EXCHANGE
Firm value is the investor’s perception of the level of management success in managing company resources. At this time measuring the value of the company can not only be done through measuring the financial aspects of the company, non-financial aspects can help companies show the company’s commitment to responsibility for the company’s operational activities, one of which is by disclosing sustainability reports. This study aims to examine the effect of sustainability report disclosure on firm value with intellectual capital as a moderating variable. The population used in this study is the banking sector listed on the Indonesia Stock Exchange in 2019 – 2023. The method used in sample selection is purposive sampling with a total of 40 companies that meet the criteria.
Based on the results of the MRA test, it is found that the disclosure of sustainability reports has a positive effect on firm value. VACA and VAHU are able to strengthen the relationship between sustainability report disclosure and firm value, while STVA is unable to strengthen the effect of sustainability report disclosure on firm value.
Keywords: Firm Value, Sustainability Report Disclosure, Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), Structural Capital Value Added (STVA)
