Pengaruh Integrated Reporting terhadap Cost Of Capital dengan Corporate Governance sebagai Variabel Mediasi Pada Perusahaan Retail di BEI
Abstract
Penelitian ini bertujuan untuk menganalisis pengaruh integrated reporting terhadap cost of capital dengan corporate governance sebagai variabel mediasi pada perusahaan retail yang terdaftar di Bursa Efek Indonesia periode 2018–2023. Penelitian ini menggunakan pendekatan kuantitatif dengan strategi penelitian kausal dan dianalisis menggunakan Structural Equation Modeling–Partial Least Square (SEM-PLS) melalui software SmartPLS versi 3.2.9. Populasi penelitian terdiri atas 13 perusahaan retail yang terdaftar di Bursa Efek Indonesia periode 2018–2023. Teknik pengambilan sampel menggunakan purposive sampling sehingga diperoleh 10 perusahaan dengan total 60 unit analisis selama enam tahun pengamatan. Data yang digunakan merupakan data sekunder yang diperoleh dari laporan tahunan dan laporan keuangan perusahaan. Hasil penelitian menunjukkan bahwa integrated reporting berpengaruh terhadap cost of capital, yang mengindikasikan bahwa semakin baik kualitas pelaporan terintegrasi perusahaan maka semakin rendah biaya modal perusahaan. Selain itu, corporate governance juga berpengaruh terhadap cost of capital melalui peningkatan kualitas pengawasan dan transparansi perusahaan. Penelitian ini juga menunjukkan bahwa corporate governance mampu memediasi pengaruh integrated reporting terhadap cost of capital, sehingga tata kelola perusahaan yang baik dapat memperkuat efektivitas pelaporan terintegrasi dalam menurunkan biaya modal perusahaan.References
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Dewi NK. 2020. Pengaruh good corporate governance terhadap nilai perusahaan di Indonesia. Jurnal Akuntansi dan Bisnis. 20(1): 15–27.
Ekonomi E, Makasar M. 2021. Implementasi integrated reporting pada perusahaan modern. Jurnal Ekonomi dan Bisnis. 18(2): 101–112.
Firmansyah A, Husna MC, Putri MGA. 2021. Corporate governance and cost of capital: Evidence from Indonesian listed companies. Journal of Governance and Regulation. 10(4): 118–129.
Ghozali I. 2014. Structural Equation Modeling: Metode Alternatif dengan Partial Least Square (PLS). Semarang: Badan Penerbit Universitas Diponegoro.
Guluma TF. 2021. The impact of corporate governance measures on firm performance: the influences of managerial overconfidence. Future Business Journal. 7(1): 50.
Hair JF, Hult GTM, Ringle CM, Sarstedt M. 2017. A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM). 2nd ed. Thousand Oaks: Sage Publications.
IIRC. 2021. International Integrated Reporting Framework. London: International Integrated Reporting Council.
Jensen MC, Meckling WH. 1976. Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics. 3(4): 305–360.
Liahmad L, Wijayanti A. 2022. Integrated reporting and cost of capital: Evidence from Indonesia. Jurnal Akuntansi dan Keuangan Indonesia. 19(2): 145–160.
Mahsuni AW. 2021. Agency theory perspective in corporate financial reporting. Jurnal Riset Akuntansi. 13(1): 55–66.
Novianti N, Isynuwardhana D. 2021. Pengaruh komisaris independen terhadap tata kelola perusahaan. Jurnal Akuntansi Kontemporer. 9(2): 87–98.
OECD. 2023. G20/OECD Principles of Corporate Governance. Paris: OECD Publishing.
Pirgaip B, Rizvic SS. 2023. Integrated reporting quality and firm financing decisions. Corporate Ownership and Control. 20(3): 56–67.
Sharif M, Rashid K, Hussainey K. 2021. The impact of integrated reporting on cost of capital: Evidence from emerging markets. Journal of Financial Reporting and Accounting. 19(5): 839–857.
Spence M. 1973. Job market signaling. Quarterly Journal of Economics. 87(3): 355–374.
Yudiana A. 2016. Analisis cost of capital dalam pengambilan keputusan investasi perusahaan. Jurnal Keuangan dan Perbankan. 20(3): 411–420.
Yunita Y. 2020. Pengaruh asimetri informasi terhadap cost of capital perusahaan. Jurnal Akuntansi Multiparadigma. 11(2): 312–326.
Published
2026-06-01
How to Cite
ALMURNI, Siti; LUTFIAH NUHA, Nabila; GUSLIANA MAIS, Rimi.
Pengaruh Integrated Reporting terhadap Cost Of Capital dengan Corporate Governance sebagai Variabel Mediasi Pada Perusahaan Retail di BEI.
JURNAL ONLINE INSAN AKUNTAN, [S.l.], v. 10, n. 2, p. 152 - 163, june 2026.
ISSN 2528-0163.
Available at: <https://ejournal-binainsani.ac.id/index.php/JOIA/article/view/3901>. Date accessed: 07 july 2026.
doi: https://doi.org/10.51211/joia.v10i2.3901.
Section
Articles
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
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