Descriptive Study of Sustainability Report, Green Process Innovation, and Firm Value in Indonesia

Senny Harindahyani, Dianne Frisko Koan

This paper aims to describe the concern of companies in Indonesia in publishing sustainability reports (SR) as required in POJK No. 51/POJK.03/2017, to reveal quality SR, and to carry out green process innovation (GPI). Employing three samples of companies in the hospitality and tourism industry in Indonesia from 2021-2022, this descriptive study was conducted as the research methodology. This study obtained interesting findings regarding the lack of company compliance in publishing SR and maintaining the quality of disclosures. Furthermore, GPI integration is the next important issue that companies must address. The signaling theory perspective is used to see how investors react to information received from the company.

2024/06/15

Firm Value, Hospitality and Tourism Industry, Green Process Innovation, Sustainability Report

107

112

3047-857X

Proceedings of the International Symposium on Management (INSYMA)

Fakultas Bisnis dan Ekonomika, Universitas Surabaya

21