The Impact of Sustainability Report Disclosure on Financial Performance and Firm Value: A Moderation Analysis with Good Corporate Governance

This research aims to test and analyze the effect of disclosure of sustainability reports on financial performance and firm value with good corporate governance as a moderating variable.The object of this research is state-owned companies from various sectors listed on the Indonesia Stock Exchange (BEI) in 2020-2022.Sampling determination involves the application of purposive sampling methods, a technique for selecting samples based on specific criteria.The total population in this study was 27 state-owned companies whose firm's shares were publicly listed on the public market on the Indonesia Stock Exchange between 2020 and 2022.Following the implementation of purposive sampling, a set of 15 companies was selected for three years, leading to a cumulative count of 45 annual reports serving as the data points for this investigation.The data collection used is secondary data & the data analysis used is with the assistance program Statistical Product and Service Solution (SPSS) Ver.26.The research results show that 1) disclosure of sustainability report a positive effect on financial performance; 2) disclosure of sustainability report a positive effect on firm value; 3) good corporate governance able to moderate the influence of disclosure sustainability report on financial performance; 4) good corporate governance able to moderate the influence of disclosure sustainability report on firm value.