Pengaruh Pengungkapan Laporan Keberlanjutan Terhadap Nilai Perusahaan Dengan Investment Opportunity Set Sebagai Variabel Moderasi Pada Perusahaan Manufaktur Yang Terdaftar Di BEI Periode (2021-2024)

The analysis conducted in this study focuses on identifying the effect of sustainability report disclosure on firm value, while also exploring the investment opportunity set variable, which plays a moderating role. The sample for this study consisted of manufacturing companies listed on the Indonesia Stock Exchange between 2021 and 2024. The sample was determined using a purposive sampling technique with specific parameters, resulting in 28 companies selected as samples with 112 data observations. SmartPLS version 4.0 was used for analysis using the Partial Least Squares approach, which includes descriptive statistical analysis, outer models, inner models, and hypothesis testing. The findings from the test indicate that the sustainability report disclosure variable does influence firm value but not significant. Furthermore, the moderating function of the investment opportunity set variable does not strengthen or weaken the relationship between sustainability report disclosure and firm value. However, the investment opportunity set is proven to have a direct, meaningful influence on firm value.

Keywords: Sustainability Report, Corporate Value, Investment Opportunities