PENGARUH PENGUNGKAPAN ISLAMIC SOCIAL REPORTING (ISR) TERHADAP NILAI PERUSAHAAN DENGAN KINERJA KEUANGAN SEBAGAI VARIABEL MODERATING
DOI:
https://doi.org/10.20527/jwmthemanagementinsightjournal.v6i2.86Keywords:
Islamic Social Reporting (ISR),, Company Value, Financial performanceAbstract
This study aims to examine the influence of Islamic Social Reporting (ISR) disclosure on corporate value and the influence of financial performance in moderating the disclosure of Islamic Social Reporting (ISR) on corporate value through media annual report. This research is expected to increase the repertoire of science in the field of financial management, especially about the influence of Islamic social responsibility disclosure to corporate value and financial performance in moderating the influence of Islamic Social Reporting (ISR) on corporate value.
This study was conducted on the annual report of 25 sharia issuers incorporated in the Jakarta Islamic Index (JII) during the period 2013-2016. Hypothesis testing used regression techniques with moderating variable.
The results of this study indicate that Islamic Social Reporting (ISR) affect the corporate value. Listed Sharia issuers in the Jakarta Islamic Index (JII) are able to provide information on corporate social responsibility disclosure in annual report to increase stakeholders' trust in the sharia system applied in the company in order to increase the corporate value in the eyes of stakeholders, although none of the companies disclose information completely. Financial performance may not be able to moderate the influence of Islamic Social Reporting (ISR) on corporate value. It is alleged that Islamic Social Reporting (ISR) is able to moderate the influence of financial performance on the corporate value
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Lampiran 1
Islamic Social Reporting (ISR) LevelEmiten Syariah yang Terdaftar dalam Jakarta Islamic
Index (JII) Periode Juni sampai November 2017
No. Nama Saham 2013 2014 2015 2016
PT. Astra Agro Lestari Tbk. 0,7317 0,6585 0,7073 0,7073
PP London Sumatra Indonesia Tbk. 0,6098 0,6829 0,6585 0,7317
PT. Adaro Energy Tbk. 0,7805 0,7561 0,8049 0,8293
PT. Vale Indonesia Tbk. 0,8293 0,7805 0,7805 0,7805
PT. Tambang Batubara Bukit Asam
(Persero) Tbk. 0,7805 0,7805 0,7805 0,7805
PT. Semen Indonesia (Persero)
Tbk.
,8049
,8049
,8293
,8293
PT. Indofood CBP Sukses Makmur
Tbk. 0,8537 0,8537 0,8537 0,8537
,7317 0,7317 0,7561 0,7561
,6829 0,7073 0,7073 0,7073
PT. Indofood Sukses Makmur Tbk. 0,6829 0,6829 0,6829 0,6829
PT. Kalbe FarmaTbk. 0,6685 0,6685 0,6685 0,6829
PT. Unilever Indonesia Tbk. 0,6829 0,7561 0,7561 0,7561
PT. Bumi Serpong Damai Tbk. 0,6585 0,6585 0,6585 0,7073
PT. Ciputra Development Tbk. 0,7805 0,7805 0,7561 0,7561
PT. Lippo Karawaci Tbk. 0,6098 0,6341 0,6341 0,6341
PT. PP (Persero) Tbk. 0,7561 0,7561 0,7317 0,7317
PT. Pakuwon Jati Tbk 0,5854 0,5854 0,6341 0,5854
PT. Summarecon Agung Tbk. 0,5122 0,5122 0,5122 0,4878
PT. Wijaya Karya (Persero) Tbk. 0,8293 0,8049 0,7561 0,7317
PT. Waskita Karya (Persero) Tbk. 0,7805 0,7805 0,7805 0,7561
PT. Perusahaan Gas Negara
(Persero) Tbk. 0,7805 0,7805 0,8049 0,8049
Sumber: Data yang diolah, 2017.
Lampiran 2
Earning Per Share (EPS) Perusahaan yang Terdaftar dalam Jakarta Islamic Index (JII) Periode
Juni sampai November 2017
No. Nama Saham 2013 2014 2015 2016
PT. Astra Agro Lestari Tbk. 1.143,93 1.564,81 386,94 1.056,30
PP London Sumatra Indonesia
Tbk. 113,00 134,81 91,66 87,33
PT. Adaro Energy Tbk. 88,13 69,26 65,72 140,50
PT. Vale Indonesia Tbk. 47,59 216,47 70,37 2,59
PT. Tambang Batubara Bukit
Asam (Persero) Tbk. 793,98 876,60 885,18 872,26
PT. Semen Indonesia (Persero)
Tbk.
,00
,37
,35
,37
PT. Chandra Asri Petrochemical
Tbk.
,76
,05
,10
221,52
PT. Astra International Tbk. 480,00 473,60 357,14 374,22
PT. Indofood CBP Sukses
Makmur Tbk. 382,00 449,01 517,36 307,72
PT. Indofood Sukses Makmur
Tbk.
,00
,52
,27
,97
PT. Kalbe FarmaTbk. 40,93 44,02 42,73 49,03
PT. Unilever Indonesia Tbk. 701,00 755,07 769,97 840,88
PT. Bumi Serpong Damai Tbk. 153,82 207,64 111,43 93,55
PT. Ciputra Development Tbk. 64,00 87,17 83,90 55,96
PT. Lippo Karawaci Tbk. 53,17 110,27 23,18 38,20
PT. PP (Persero) Tbk. 87,00 110,82 154,23 165,06
PT. Pakuwon Jati Tbk 23,52 52,19 26,18 34,66
PT. Summarecon Agung Tbk. 76,40 97,10 59,39 21,64
PT. Wijaya Karya (Persero) Tbk. 92,93 100,85 102,47 112,43
PT. Waskita Karya (Persero) Tbk. 38,20 51,70 77,04 125,98
PT. Perusahaan Gas Negara
(Persero) Tbk. 433,43 371,53 228,70 168,96
PT. Telekomunikasi Indonesia
(Persero) Tbk
,92
,22
,66
,98
No. Nama Saham 2013 2014 2015 2016
PT. AKR Corporindo Tbk. 167,35 207,72 265,03 252,70
PT. United Tractors Tbk. 1.296,00 1.451,25 1.041,48 1.351,95
Sumber: Data yang diolah, 2017.
Lampiran 3
Return on Equity (ROE) Perusahaan yang Terdaftar dalam Jakarta Islamic Index
(JII) Periode Juni sampai November 2017
No. Nama Saham 2013 2014 2015 2016
PT. Astra Agro Lestari Tbk. 17,54 21,15 5,29 11,41
PP London Sumatra Indonesia Tbk. 11,63 12,70 8,49 7,77
PT. Adaro Energy Tbk. 7,24 5,47 4,55 8,84
PT. Vale Indonesia Tbk. 2,25 9,65 2,75 0,10
PT. Tambang Batubara Bukit Asam
(Persero) Tbk. 24,18 23,25 21,92 19,01
PT. Semen Indonesia (Persero)
Tbk.
,63
,26
,48
,79
PT. Indofood CBP Sukses Makmur
Tbk. 1,13 2,08 2,97 26,28
,29 15,94 11,43 10,83
,77 17,32 18,31 19,46
PT. Indofood Sukses Makmur Tbk. 6,52 9,42 6,88 9,43
PT. Kalbe FarmaTbk. 22,58 21,03 18,32 18,45
PT. Unilever Indonesia Tbk. 125,81 124,78 121,22 135,85
PT. Bumi Serpong Damai Tbk. 20,06 20,68 9,68 7,38
PT. Ciputra Development Tbk. 10,00 11,60 9,84 6,03
PT. Lippo Karawaci Tbk. 8,66 14,44 2,83 4,00
PT. PP (Persero) Tbk. 21,20 22,25 14,46 9,48
PT. Pakuwon Jati Tbk 27,61 30,37 13,35 15,16
PT. Summarecon Agung Tbk. 23,66 23,33 11,36 3,82
PT. Wijaya Karya (Persero) Tbk. 17,66 12,36 11,49 8,10
PT. Waskita Karya (Persero) Tbk. 15,44 17,60 10,80 10,21
PT. Perusahaan Gas Negara
(Persero) Tbk. 31,55 24,39 13,27 9,60
,35 17,00 16,58 18,34
,09 13,59 14,19 12,52
No. Nama Saham 2013 2014 2015 2016
PT. United Tractors Tbk. 13,56 13,92 9,82 11,74
Sumber: Data yang diolah, 2017.
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