Penerapan Integrated Reporting dan Pengaruhnya terhadap Nilai Perusahaan di Indonesia dan Malaysia

Abstract

The purpose of this study was to analyze the effect of good corporate governance and accounting information quality on firm value with integrated reporting quality as an intervening variable for public companies in Indonesia and Malaysia. This study also aims to analyze the different effects of integrated reporting quality in Indonesia and Malaysia with the regulation option as a moderating variable due to the different implementations related to the implementation of integrated reporting in the two countries. This research was conducted by conducting a survey on IDX 30 and KLCI companies using secondary and primary data. Data analysis was carried out using PLS-SEM. The regulation option which is the moderating variable will be analyzed using MultiGroup Analysis (MRA) because this variable is a dichotomous variable. The results of the study, with a 95% confidence level, indicate that good corporate governance has a negative and significant effect on firm value. Integrated reporting quality and accounting information quality directly have a positive and significant effect on firm value. Integrated reporting quality cannot mediate the effect of good corporate governance and accounting information quality on firm value. Regulation option is a variable that moderates the effect of integrated reporting quality on firm value. The test results using MRA also show that there are differences in the effect of integrated reporting quality on firm value in Indonesia and Malaysia with regulation option as a moderating variable.

Tujuan penelitian ini adalah untuk menganalisis pengaruh good corporate governance dan accounting information quality terhadap nilai perusahaan dengan integrated reporting quality sebagai variabel intervening perusahaan public di Indonesia dan Malaysia. Penelitian ini juga bertujuan untuk menganalisis perbedaan pengaruh integrated reporting quality di Indonesia dan Malaysia dengan regulation option sebagai variabel pemoderasi karena penerapan yang berbeda terkait penerapan integrated reporting di kedua negara. Penelitian ini dilakukan dengan melakukan survey pada perusahaan IDX 30 dan KLCI menggunakan data sekunder dan data primer. Analisis data dilaksanakan dengan menggunakan PLS-SEM. Regulation option yang merupakan variabel pemoderasi akan di analisis dengan MultiGroup Analysis (MRA) karena variabel tersebut merupakan variabel dikotomi. Hasil penelitian, dengan tingkat kepercayaan 95 %, menunjukkan bahwa good corporate governance berpengaruh negatif dan signifikan terhadap nilai perusahaan. Integrated reporting quality dan accounting information quality secara langsung berpengaruh positif dan signifikan nilai perusahaan. Integrated reporting quality tidak dapat memediasi pengaruh good corporate governance dan accounting information quality terhadap nilai perusahaan. Regulation option merupakan variabel yang memoderasi pengaruh integrated reporting quality terhadap nilai perusahaan. Hasil pengujian dengan menggunakan MRA juga menunjukkan bahwa terdapat perbedaan pengaruh kualitas integrated reporting terhadap nilai perusahaan di Indonesia dan Malaysia dengan regulation option sebagai variabel pemoderasi.