THE EFFECT OF COMPANY PROFITABILITY AND SUSTAINABILITY REPORT
DISCLOSURE ON INVESTOR REACTION

THE EFFECT OF COMPANY PROFITABILITY AND SUSTAINABILITY REPORT
DISCLOSURE ON INVESTOR REACTION

profitability, corporate financial performance, corporate sustainability, corporate
sustainability reporting, investor reaction, abnormal return

Researchers are interested in examining the topic of how investors react to corporate
sustainability disclosure information and company profitability which then becomes
a direct driving factor related to investor reactions as the topic under study. The
extent of corporate sustainability report disclosure is an increasingly common
discourse in the business world in Indonesia, where this phenomenon is triggered by
the increasingly globalized trend regarding corporate sustainability practices in
business. Research on investor reactions as influenced by corporate profitability and
the extent of sustainability report disclosure has produced different findings. The
sample in this study is state-owned companies in Indonesia listed on the Indonesia
Stock Exchange in 2017-2022 whose annual reports contain corporate sustainability
activities and can be accessed through the IDX website, using purposive sampling
technique. The analysis technique used in this study is descriptive analysis to provide
an overview of the research variables and multiple regression analysis to determine
the effect of profitability and corporate sustainability disclosures on investor
reactions.

Rosa Fitriana1, Syafdinal2, Rini Susiani3

https://jurnal.stie-aas.ac.id/index.php/IJEBAR

2023

peri irawan

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