THE EFFECT OF SUSTAINABILITY REPORT DISCLOSURE ON FIRM VALUE WITH DIVIDEND POLICY AS A MODERATING VARIABLE

<p><strong>Background</strong>: The rising value of Sri-Kehati Index companies in recent years indicates that there is a change in investor orientation towards green investment. Green investment itself has now become a world and government concern which is realized through several regulations. Therefore, companies are required to disclose the sustainability business that has been carried out.</p><p><strong>Objective</strong>: This study aims to analyze the effect of sustainability report disclosure on firm value with dividend policy as a moderating variable.</p><p><strong>Research Methods</strong>: Multiple linear regression analysis and Moderated Regression Analysis (MRA)</p><p><strong>Research Results</strong>: The result showed that sustainability report disclosure has a negative effect on firm value and dividend policy strengthens the negative effect of sustainability report disclosure on firm value.</p><p><strong>Authenticity/Novelty of Research</strong>: The addition of dividend policy as a moderating variable between the relationship between sustainability report disclosure and firm value.</p>