DOES VOLUNTARY ADOPTION OF INTEGRATED REPORTING AFFECT FIRM VALUE?

This study aims to examine the effect of voluntary integrated reporting adoption on firm value with ESG
performance as a moderating variable. This study uses the last 5 years of data between 2018-2022 on 83
companies listed on the Indonesia Stock Exchange with a total of 299 firm-years. Researchers used the weighted
least squares (WLS) method to test the research hypothesis. The result of this study is that integrated reporting
has a significant positive effect on firm value. The results also show that ESG performance has a positive effect
on firm value. In addition, the results prove that ESG performance as a moderating variable can strengthen the
relationship between integrated reporting and firm value. This research contributes to developing previous
research that is still contradictory by using the latest data and conducted in a wider sector. In addition, this study
will add ESG performance as a moderating factor for integrated reporting on firm value