Performance With Good Corporate Governance As Moderation

Cicilia Cicilia, Lindrawati Lindrawati


The purpose of this study is to analyze the effect of sustainability reporting on financial performance with good corporate governance as moderation. The research design used is quantitative with a hypothesis. The type of data used is quantitative and qualitative data, that is sustainability reports, annual reports, and CGPI reports. All data is secondary data. The research objects are all companies that participated in the research and CGPI ranking in 2013-2017. Data analysis techniques used in this study are simple, multiple, and moderated linear regression. The results showed sustainability reporting had positive effect on financial performance. Sustainability reporting economic and social dimensions do not affect, while environment dimension has positive effect on financial performance. Good corporate governance can’t moderate the effect of sustainability reporting both overall and per dimension on financial performance.


Sustainability reporting, financial performance, good corporate governance.

Full Text:



Agusyana, R. (2018). Apa Itu Good Corporate Governance?

Bukhori, M. R. T., dan Sopian, D. (2017). Pengaruh Pengungkapan Sustainability Report Terhadap Kinerja Keuangan. Sistem Informasi, Keuangan, Auditing, Perpajakan. 2(1), 35–4.

Burhan, A. H. N., dan Rahmanti, W. (2012). The Impact of Sustainability Reporting On Company Performance. 15(2), 257–272.

Choi, F. D. S., dan Meek, G. K. (2008). New Jearsey: Pearson Prentice Hall. In International Accounting Sixth Edition.

Clarissa, S. V., dan Rasmini, N. K. (2018). The Effect of Sustainability Report on Financial Performance With Good Corporate Governance Quality As a Moderating Variable. International Journal of Sciences: Basic and Applied Research, 40(2), 139–149.

Deegan, C. (2014). North Ryde: McGrawHill Education Australia. In Financial Accounting Theory 4th Edition.

Ernst dan Young. (2013). Value of Sustainability Reporting. A Study by Ernst and Young LLP and the Boston College Center for Corporate Citizenship. Boston: Global Review.

Ghozali, I. (2016). Aplikasi Analisis Multivariate dengan Program IBM SPSS 23. In Badan Penerbit Universitas Diponegoro (8th ed.).

Global Reporting Initiative. (2013). GRI G4 Guidelines.

Hutagalung, A., dan Harahap, K. (2016). Pengaruh Pengungkapan Sustainability Report Terhadap Profitabilitas Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode 2009-2012. SHS Web of Conferences, 3(1), 1–14.

Jusmarni, J. (2016). Pengaruh Sustainability Reporting Terhadap Kinerja Keuangan dari Sisi Market Value Ratios dan Asset Management Ratios. Sorot, 11(1), 29–45.

Kasbun, N. F., Teh, B. H., & Ong, T. S. (2016). Sustainability Reporting and Financial Performance of Malaysian Public Listed Companies. Institutions and Economies, 8(4), 78–93.

Kieso, D. E., Weygandt, J. J., dan Warfield, T. D. (2014). USA: John Wiley dan Sons Inc. In Intermediate Accounting 2 nd Edition.

KNKG. (2006). Indonesia’s Code of Good Corporate Governance.

Manossoh, H. (2016). Good Corporate Governance Untuk Meningkatkan Kualitas Laporan Keangan. ngan

Mousa, G. A., dan Hasan, N. T. (2015). Legitimacy Theory and Environmental Practices: Short Notes. International Journal of Business and Statistical Analysis, 2(1), 41–53.

Natalia, R., dan Tarigan, J. (2014). Pengaruh Sustainability Reporting terhadap Kinerja Keuangan Perusahaan Publik dari Sisi Profitability Ratio. Business Accounting Review, 2(1), 112–120.

Nofianto, E., dan Agustina, L. (2014). Analisis Pengaruh Sustainability Report Terhadap Kinerja Keuangan Perusahaan. Accounting Analysis Journal, 3(3), 343–351.

Panjaitan, I. (2017). The Influences of Sustainability Report and Corporate Governance toward Financial and Entity Market Performance with Political Visibility as Moderating Variable. Binus Business Review, 8(1), 61–66.

Rudyanto, A., dan Siregar, S. V. (2018). The Effect of Stakeholder Pressure and Corporate Governance on the Sustainability Report Quality. International Journal of Ethics and Systems. 34(2), 233–249.

Sari, E. V., dan Nababan, C. N. (2016). US$3,89 Miliar Kredit Bank Membawa Malapetaka Bagi Lingkungan.

Sejati, B. P., dan Prastiwi, A. (2015). Pengaruh Pengungkapan Sustainability Report Terhadap Kinerja dan Nilai Perusahaan. Jurnal Akuntansi Diponegoro, 4(1), 1–12.

Suwardjono. (2014). Teori Akuntansi. BPFE-Yogyakarta.

Wibowo, I., dan Faradiza, A. S. (2016). Dampak Pengungkapan Sustainability Report Terhadap Kinerja Keuangan dan Kinerja Pasar. Simposium Nasional Akuntansi XVII, 4(4).

Wijayanti, R. (2016). Pengaruh Pengungkapan Sustainability Report terhadap Kinerja Keuangan Perusahaan. In Syariah Paper Accounting FEB UMS (pp. 39– 51). Universitas Muhammadiyah Surakarta.



  • There are currently no refbacks.

Our Journal indexed by:

Our support tools using:


Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.