The Effect of Integrated Reporting on Firm Value with Good Corporate Governance as a Moderating Variable
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Abstract
This study aims to investigate the relationship between integrated reporting and firm value, using the audit committee, a component of good corporate governance, as a moderating variable. The approach used in this research is quantitative. Firm annual reports from the Indonesia Stock Exchange website served as the main source of the secondary data used. Twelve manufacturing firms that were listed on the IDX and featured in the LQ-45 index between 2021 and 2023 make up the study's population. A purposive selection strategy was used to choose the sample, from which 36 observations were gathered. The tests that used and included in this study are moderated regression analysis (MRA), traditional assumption testing, descriptive statistical testing, and hypothesis testing. The study's findings demonstrate that integrated reporting has a substantial impact on firm value and that the audit committee acts as a moderating factor to strengthen the association between the two.
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References
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https://doi.org/10.22219/jrak.v12i2.21444
Yulyan, M., Yadiati, W., & Aryonindito, S. (2021). The Influences of Good Corporate Governance and Company Age on Integrated Reporting Implementation. Journal of Accounting Auditing and Business, 4(1), 100–109. https://doi.org/10.24198/jaab.v4i1.31761.
Ahmad, R., & Sari, R. C. (2017). Pengaruh Komite Audit, Ukuran Perusahaan, Ukuran Kap Terhadap Tingkat Keselarasan Laporan Tahunan Dengan Rerangka Integrated Reporting. Nominal, Barometer Riset Akuntansi Dan Manajemen, 6(2). https://doi.org/10.21831/nominal.v6i2.16654
Alatawi, M. S., Mat Daud, Z., & Johari, J. (2025). Integrated reporting and firm value: moderating role of CEO integrity in the context of GCC countries. Cogent Business and Management, 12(1).
https://doi.org/10.1080/23311975.2025.2462273
Amaliyah, F., & Herwiyanti, E. (2019). Pengaruh Kepemilikan Institusional, Dewan Komisaris Independen, Dan Komite Audit Terhadap Nilai Perusahaan Sektor Pertambangan. Jurnal Akuntansi, 9(3), 187–200. https://doi.org/10.33369/j.akuntansi.9.3.187-200
Ashilah, F., & Suryani, E. (2021). Pengaruh Integrated Reporting Dan Diversifikasi Perusahaan Terhadap Nilai Perusahaan (studi Pada Perusahaan Sektor Pertambangan Yang Terdaftar Di Bursa Efek Indonesia pada Tahun 2015-2019). EProceedings of Management, 8(5), 5031–5046.
Cahyani, H. I., & Kartika, I. (2024). Peningkatan Nilai Perusahaan melalui Integrated Reporting: Mediasi Kinerja Lingkungan. 13(2), 115–128.
http://dx.doi.org/10.30659/jai.13.2.115%20-%20128.
Damayanti, L., & Dewayanto, T. (2023). a Systematic Literature Review : Nonfinancial Drivers Pada Integrated Reporting. Diponegoro Journal of Accounting, 12(3), 1–13.
http://ejournal-s1.undip.ac.id/index.php/accounting.
Damayanti, A., Ulupui, I. G. K. A., & Muliasari, I. (2023). Pengaruh Corporate Governance Terhadap Integrated Reporting. Jurnal Akuntansi, Perpajakan Dan Auditing, 3(3), 744–765.
https://doi.org/10.21009/japa.0303.12
Fuadah, L. L., Mukhtaruddin, M., Andriana, I., & Arisman, A. (2022). The Ownership Structure, and the Environmental, Social, and Governance (ESG) Disclosure, Firm Value and Firm Performance: The Audit Committee as Moderating Variable. Economies, 10(12).
https://doi.org/10.3390/economies10120314
Gunawan, D., & Rusmanto, T. (2022). Influence of Integrated Reporting on Firm Value in 5 Asean Countries Pengaruh Integrated Reporting Terhadap Firm Value Di 5 Negara Asean. Journal of Economic, Business and Accounting , 6(1), 739–747. https://doi.org/10.31539/costing.v6i1.4575
IIRC. (2013). The International Framework. 71(8), 757–768. https://doi.org/10.1254/fpj.71.757
Jensen, M. C., & Meckling, W. H (1976). Theory Of The Firm: Managerial Behavior, Agency Costs And Ownership Structure. The Corporate Financiers, 3, 305–360. https://doi.org/10.1057/9781137341280.0038
Juniarti, J., Santoso, A. C., Hermawan, C. F., Darmasaputra, A., & Wright, J. (2024). Voluntary Adoption of Integrated Reporting and Firm Valuation : The Moderating Effect of ESG Performance. 26(2), 131–141.
https://doi.org/10.9744/jak.26.2.131-141
Komisioner, D., & Jasa, O. (2015). Otoritas jasa keuangan republik indonesia.
Kurniawan, B., Refianto, & Fernando, K. (2020). Penerapan Integrated Reporting dan Kaitannya dengan Informasi Akuntansi: Studi Pada Perusahaan Di Kawasan Asia yang Terdaftar pada the International Integrated Reporting Council. Jurnal Penelitian
Laiya, S. R., Monoarfa, M. A. S., & Dungga, M. F. (2023). Pengaruh Good Corporate Governance Terhadap Nilai Perusahaan (Studi Pada Perusahaan Manufaktur Sektor Aneka Industri Yang Terdaftar Di Bursa Efek Indonesia Periode 2017-2019). JAMBURA, 5(3).
http://ejurnal.ung.ac.id/index.php/JIMB.
Lesmana, V., & Bangun, N. (2021). Analisis Faktor-Faktor yang Mempengaruhi Nilai Perusahaan. Jurnal Wira Ekonomi Mikroskil, 11(2), 75–84. https://doi.org/10.55601/jwem.v11i2.784
Machmuddah, Z., Sumaryati, A., & Syafrudin, M. (2022). The Role of Audit Committee Supervision on Integrated Reporting Relationship and Firm Value. Journal of Applied Accounting and Taxation, 7(2), 102–108. https://doi.org/10.30871/jaat.v7i2.4444
Mandalika, L., Hermanto, H., & Handajani, L. (2020). Pengaruh Corporate Governance Terhadap Luas Pengungkapan Integrated Reporting dan Implikasinya terhadap Nilai Perusahaan. E-Jurnal Akuntansi, 30(3), 556. https://doi.org/10.24843/eja.2020.v30.i03.p01
Muttaqin, Z., Fitriyani, A., Ridho, T. K., & Nugraha, D. P. (2019). Analisis Good Corporate Governance, Leverage Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Pemoderasi. Tirtayasa Ekonomika, 14(2), 293. https://doi.org/10.35448/jte.v14i2.6525
Oktawijaya, A., & Carolina, Y. (2023). Corporate Governance and Integrated Reporting and its Impact on Banking’s Firm Value (Evidence from Indonesia). 1–23. https://doi.org/10.26905/jkdp.v27i1.9381
Pridehan, S., Maharani, V., Pane, E. N., & Tarina, D. D. Y. (2024). Analisis hukum terhadap kewajiban laporan keuangan di pasar modal: Studi kasus manipulasi laporan keuangan PT Garuda Indonesia tahun 2018. Media Hukum Indonesia (MHI), 2(4).
https://doi.org/10.5281/zenodo.14349190.
Raimo, N., Vitolla, F., Marrone, A., & Rubino, M. (2021). Do audit committee attributes influence integrated reporting quality? An agency theory viewpoint. Business Strategy and the Environment, 30(1), 522–534.
https://doi.org/10.1002/bse.2635
Rinaldi, L., Unerman, J., & de Villiers, C. (2018). Evaluating the integrated reporting journey: insights, gaps and agendas for future research. Accounting, Auditing and Accountability Journal, 31(5), 1294–1318.
https://doi.org/10.1108/AAAJ-04-2018-3446
Utami, K., Amyulianthy, R., & Astuti, T. (2022). Pelaporan Yang Terintegrasi Di Rev. 4.0: Siapkah BUMN Di Indonesia? Jurnal Reviu Akuntansi Dan Keuangan, 12(2), 276. https://doi.org/10.22219/jrak.v12i2.21444
Wijaya, F., & Agustina, F. (2021). Pengaruh Elemen-Elemen Good Corporate Governance Terhadap Integrated Reporting (Studi Pada Perusahaan Pertambangan Yang Terdaftar Di Bursa Efek Indonesia (BEI) Tahun 2017-2019). Technobiz, 4(2), 1–8.293.
https://doi.org/10.22219/jrak.v12i2.21444
Yulyan, M., Yadiati, W., & Aryonindito, S. (2021). The Influences of Good Corporate Governance and Company Age on Integrated Reporting Implementation. Journal of Accounting Auditing and Business, 4(1), 100–109. https://doi.org/10.24198/jaab.v4i1.31761.