Sustainability Report Sebagai Dasar Pengambilan Keputusan Investasi: Multiple Case Study
Abstract
This study aims to identify and analyze using a Multiple Case Study on the use of information in the Sustainability Report by investors on the Indonesia Stock Exchange. Types of data, namely opinions, attitudes, experiences, or characteristics of the informants. Informants were determined by Snow Balling sampling. Data were collected through in-depth interviews. The analysis technique is in the form of data reduction, data display, and drawing conclusions. The technique of checking the validity of the data used in this study is a qualitative validity technique. The results show that the information in the Sustainability Report presents company information from various aspects. Starting from internal activities to external activities carried out by the company for social and environmental interests. Investor behavior always considers information related to the company for decision-making analysis. Each investor has their own strategy and has its own portion of the use of information in the Sustainability Report.
Keywords: Sustainability Report; Investment Decision; Investor; Multiple Case Study.
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References
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Bartlett, J., May, S., & Ihlen, Ø. (2012). Organisations Behaving Badly – The Role of Communication in Understanding CSI and CSR. Ritical Studies on Corporate Responsibility, Governance and Sustainability, 4.
Bell, D. E. (1982). Regret in Decision Making under Uncertainty. Operations Research, 30(5), 961–981.
Berthelot, S., & Robert, A.-M. (2012). Climate Change Disclosure: An Examination of Canadian Oil and Gas Firms. Issues in Social and Environmental Accounting, 5, 106–123.
Bhimani, A., Horngren, C. T., Data, S. M., & Foster, G. (2007). Management and Cost Accounting (Fourth). Prentice-Hal.
Cahyandito, H. M. F. (2009). The MIPS Concept (Material Input Per Unit of Service) a Measure for an Ecological Economy. Working Papers in Business, Management and Finance, 6.
Cheng, Y., Jin, Y., Hung-Baesecke, C.-J. F., & Chen, Y.-R. R. (2019). Mobile Corporate Social Responsibility (mCSR): Examining Publics’ Responses to CSR-Based Initiatives in Natural Disasters. International Journal of Strategic Communication, 13(1). https://doi.org/10.1080/1553118X.2018.1524382
Ching, H. Y., Gerab, F., & Toste, T. H. (2014). Scoring Sustainability Reports using GRI indicators: A Study based on ISE and FTSE4Good Price Indexes. Journal of Management Research, 6(3).
Coram, P., Ferguson, C., & Moroney, R. (2006). The Value of Internal Audit in Fraud Detection. Accounting and Finance, 48, 543–559.
Creswell. (2015). Riset Perencanaan, dan evaluasi riset kualitatif dan kuantitatif Pendidikan. Pustaka Pelajar.
Daud, R. M., & Syarifuddin, N. A. (2008). Pengaruh Corporate Social Responsibility Disclosure, Timeliness, dan debt to Equity Ratio Terhadap Earning Response coefficient. Jurnal Telaah & Riset Akuntansi, 1, 82–101.
Dhaliwal, D. S., Radhakrishnan, S., Tsang, A., & G., Y. Y. (2012). Nonfinancial Disclosure and Analyst Forecast Accuracy: International Evidence on Corporate Social Responsibility Disclosure. The Accounting Review, 87(3), 723–759.
Ernst, & Young. (2013). Value of Sustainability Reporting. A study by Ernst & Young LLP and the Boston College Center for Corporate Citizenship. BCCorporateCitizenship.
Gates, S., & Germain, C. (2010). Integrating sustainability measures into strategic performance measurement systems. Management Accounting Quarterly, 11(3), 1–7.
Hahn, R., & Lulfs, R. (2013). Legitimizing negative aspects in GRI-oriented sustainability reporting: A qualitative study. Academy of Management Annual Meeting Proceedings, 1(10658–10658). https://doi.org/10.5465/AMBPP.2013.10658abstract
Hawkins, M., Motherbaugh, D. L., & Roger, J. B. (2007). Consumer Behavior: Building Marketing Strategy (10th ed.). McGraw-Hill.
Hodge, K., Subramaniam, N., & Stewart, J. (2009). Assurance of Sustainability Reports:Impact on Report Users’ Confidence and Perceptions of Information Credibiity. Australian Accounting Review, 19(3), 178–194.
Kahneman, D., & Miller, D. (1986). Norm theory: Comparing Reality to Its Alternatives. Psychological Review, 93, 136–153. https://doi.org/10.1037/0033-295X.93.2.136
Kılıç, M., & Kuzey, C. (2017). Factors Influencing Sustainability Reporting: Evidence from Turkey. SSRN Electronic Journal, 139–175.
Kurapatskie, B., & Darnall, N. (2013). Which Corporate Sustainability Activities are Associated with Greater Financial Payoffs? Business Strategy and the Environment, 22(1), 49–61. https://doi.org/10.1002/bse.1735
Larrick, R. P., & Boles, T. L. (1995). Avoiding regret in decisions with feedback: A negotiation example. Organizational Behavior and Human Decision Processes, 63(1), 87–97. https://doi.org/10.1006/obhd.1995.1064
Lee, S. H., & Cotte, J. (2009). Post-Purchase Consumer Regret: Conceptualization and Development of the Ppcr Scale. Advances in Consumer Research, 36.
Listyarti, I., & Suryani, T. (2014). Determinant factors of investors behavior in investment decision in Indonesian capital markets. Journal of Economics, Business, & Accountancy, 17(1).
Loomes, G., & Sugden, R. (1982). Regret Theory: An Alternative Theory of Rational Choice under Uncertainty. The Economic Journal, 92, 805–824. https://doi.org/10.2307/2232669
Mathews, M. R. (1997). Twenty‐five years of social and environmental accounting research: Is there a silver jubilee to celebrate? Accounting, Auditing & Accountability Journal.
Mbabazize, M., Daniel, T., Claude, M., & Shukla, J. (2015). Reporting of Non-Financial Information and Its Impact on the Decisions Taken in Private Institutions in Rwanda: Case Study in NorhernProvince. International Journal of Small Business and Entrepreneurship Research, 2(3).
Narullia, D., Subekti, I., Azizah, N., & Purnamasari, F. (2019). Value Relevance of Corporate Social Responsibility Disclosure on Public Companies in ASEAN Countries. KnE Social Sciences, 3(11). https://doi.org/10.18502/kss.v3i11.4027
Narullia, D., & Subroto, B. (2018). Value Relevance Of Accounting Information And Corporate Social Responsibility In Indonesia And Singapore. Jurnal Aplikasi Manajemen, 16(1), 9–19. https://doi.org/10.21776/ub.jam.2018.016.01.02
Nasiry, J., & Popescu, I. (2011). Dynamic Pricing with Loss Averse Consumers and Peak-End Anchoring. Operations Research, 59(6), 1361–1368. https://doi.org/10.1287/opre.1110.0952
Orlitzky, M., Schmidt, F. L., & Rynes, S. L. (2003). Corporate Social and Financial Performance: A Meta-analysis. Organization Studies, 24(3), 403–441.
Reb, J., & Connolly, T. (2009). Myopic regret avoidance: Feedback avoidance and learning in repeated decision making. Organizational Behavior and Human Decision Processes, 110(2), 182–189.
Scott, W. R. (2009). Financial Accounting Theory (Fourth). USA Prentice Hall, Inc.
Simonson, I. (1992). The influence of anticipating regret and responsibility on purchase decisions. Journal of Consumer Research, 19(1), 105–118. https://doi.org/10.1086/209290
Spence, C. (2009). Social and Environmental Reporting and the Corporate Ego. Business Strategy and the Environment, 18(4), 254–265. https://doi.org/10.1002/bse.600
Sugiyono. (2012). Memahami Penelitian Kualitati. Alfabeta.
Suprasta, N., & Nuryasman, M. N. (2020). Faktor-Faktor Yang Mempengaruhi Pengambilan Keputusan Investasi Saham. Jurnal Ekonomi, 25(2), 251–269. https://doi.org/10.24912/je.v25i2.669
Weber, M. (2008). The business case for corporate social responsibility: A company-level measurement approach for CSR. European Management Journal, 26(4), 247–261.
Wong, K. F. E., & Kwong, J. Y. Y. (2007). The role of anticipated regret in escalation of commitment. Journal of Applied Psychology, 92(2), 545–554. https://doi.org/10.1037/0021-9010.92.2.545
Zeelenberg, M., & Pieters, R. (2007). A theory of regret regulation 1.0. Journal of Consumer Psychology, 17(1), 3–18. https://doi.org/10.1207/s15327663jcp1701_3
Zeelenberg, Marcel. (1999). Anticipated regret, expected feedback and behavioral decision making. Behavioral Dicision Making. https://doi.org/10.1002/(SICI)1099-0771(199906)12:2<93::AID-BDM311>3.0.CO;2-S
Published
2022-07-26
How to Cite
ANGGA SUDIARTAMA, I Wayan et al.
Sustainability Report Sebagai Dasar Pengambilan Keputusan Investasi: Multiple Case Study.
E-Jurnal Akuntansi, [S.l.], v. 32, n. 7, p. 1703-1713, july 2022.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/85907>. Date accessed: 02 nov. 2024.
doi: https://doi.org/10.24843/EJA.2022.v32.i07.p03.
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