Özet:

This study aims to examine the effect of sustainability disclosure on economic, social, environmental performance on financial performance and its implications for firm value. This research is a quantitative study that analyzes the relationship between sustainability disclosure of economic, social, environmental performance on financial performance and its implications for firm value. The sample in this study with a purposive sampling method of 171 manufacturing companies listed on the Indonesia Stock Exchange 2017-2019. Analysis of the data used in this study using path analysis. The results of this study indicate that [1] economic performance has a positive effect on financial performance, [2] social performance has a positive effect on financial performance, [3] environmental performance has a positive effect on financial performance, [4] economic performance harms on firm value, [5] social performance has no negative effect on firm value, [6] environmental performance has a positive effect on firm value, [7] financial performance has a positive effect on firm value, [8] economic performance harms firm value through financial performance, [9] social performance harms firm value through financial performance, [10] environmental performance has a positive effect on firm value through financial performance. This research has the originality of research using financial performance as an intervening variable to examine the effect of economic, social, environmental performance on firm value, where previous studies have never tested these five variables together. This research concept uses the triple bottom line concept.

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