The Influence of Sustainability Reporting, Big Data, IT Governance, and Gender Diversity on Firm Value in The Infrastructure Sector Listed on The Indonesia Stock Exchange period 2021-2024
DOI:
https://doi.org/10.24256/kharaj.v8i2.10192Keywords:
Green Accounting, CGPI, Business Strategy, Creating ValueAbstract
This study examines the influence of Sustainability Reporting, Big Data, IT Governance, and Gender Diversity on firm value in infrastructure companies listed on the Indonesia Stock Exchange (IDX) during 2021–2024. A quantitative approach is employed using panel data collected from annual reports and financial statements. The sample is determined through purposive sampling based on predefined criteria. Data analysis is conducted using panel data regression, with model selection tests including the Chow Test, Hausman Test, and Lagrange Multiplier Test, which identify the Random Effect Model (REM) as the most appropriate model. The results indicate that, simultaneously, Sustainability Reporting, Big Data, IT Governance, and Gender Diversity have a significant effect on firm value. However, partially, only Gender Diversity shows a significant positive influence, suggesting that higher female representation in managerial positions enhances decision-making quality and increases investor confidence. In contrast, Sustainability Reporting, Big Data, and IT Governance do not show significant individual effects on firm value during the observed period. These findings imply that gender diversity plays a strategic role in improving firm value, while ESG disclosures and technological initiatives have not yet become key determinants of firm valuation in the infrastructure sector. Future research is recommended to include additional variables, longer observation periods, or different sectors to obtain more comprehensive insights.
References
Achmad Wicaksono, M. A. (2025). Optimalisasi Siste Informasi Akuntansi dan Digital Marketing Untuk Meningkatkan Kinerja Keuangan UMKM. Jurnal Akuntansi dan Keuangan Kontemporer (JAKK).
Agag, O. A. (2023). Unlocking the Power of Reporting : Exploring the Link Between Voluntary Sustainability Reporting, Customer Behavior and Firm Value. Jurnal MDPI.
Agustia, M. &. (2021). Pengaruh Teknologi Big Data terhadap Nilai Perusahaan Melalui Kinerja Keuangan Perusahaan di Bursa Efek Indonesia. Jurnal Ekonomi dan Keuangan.
Alfarizky, N. H. (2024). Analysis of Covid - 19 Pandemic Impact to Implementation of Road Toll Construction Project in Probolinggu Banyuwangi. Journal of Architecture and Civil Engineering.
Cahyono, E. F. (2022). Analisis Pengaruh Infrastruktur Ekonomi terhadap Produk Domestik Bruto di Indonesia. Jurnal Ekonomi dan Bisnis.
Hawari, H. M. (2022). Analysis of the Impact of the Covid - 19 Pandemic on Traffic Volume and Revenue at PT Jasa Marga Belmera Branch. Journal of Indoneisan Management.
Hakim, Mohamad Zulman. 2025. ACCOUNTING RESEARCH METHODS. PT Baca Disini Media Internasional. ISBN: 978-623-10-8641-9
Indah Fajarini, S. W. (2022). The Effect of Company Characteristic and Gender on Disclosures Related to Sustainable Development Goals. Jurnal Sustainability.
Jason Wijaya, P. G. (2025). The Profitability of Indonesian Infrastructure Companies amid COVID - 19 : Quantile Regression for Stability Testing. Jurnal Ekonomi dan Studi Pembangunan.
Maharani, M. (2018). The Effect of Good Corporate Governance Mechanism and Corporate Social Responsibility on Financial Performance With Earnings Management as Mediating Variabel. Asian Journal of Accounting Research.
Manafa, C. J. (2024). Effect of Audit Committee Attributes on the Value of Firms in Nigeria. Jurnal of Social and Management.
Mayasari, F. (2024). The Impact of Capital Structure, Company Size, and Good Corporate Governance on Financial Performance and Company Value. International Journal of Finance and Banking Studies.
Miharja, I. S. (2023). Analisis Gender Diversity terhadap Kinerja Keuangan dan Nilai Perusahaan dengan Evironmental, Social, Governance sebagai Variabel Moderating. Jurnal Wicida.
Miranti, A. (2025). Pengaruh Pengungkapan Sustainability Report terhadap Nilai Perusahaan dengan Ukuran Perusaaan sebagai Variabel Kontrol. Jurnal Ilmiah Bijak.
Muthia, A. (2022). The Qualitas of Sustainability Report Disclosure and Firm Value : Futher Evidence from Indonesia. Proceedings .
Parisa Maroufkhani, R. W. (2019). Big Data Analytic and Firm Performance A Systematic Review. Journal Information.
Prasetyo, I. B. (2024). Pengaruh Sustainability Report terhadap Nilai Perusahaan dengan Profitabilitas sebagai Variabel Moderasi. Jurnal Manajemen & Profesional.
Purnama, B. I. (2024). Pengaruh Mekanisme Tata Kelola Perusahaan terhadap Nilai Perusahaan pada Perusahaan yang terdaftar di Jakarta Islaic Index. Jurnal Pendidikan Tambusai.
Sari, D. P. (2025). Corporate Governance, ESG Disclosure and Firm Evidence From Public Company in Indonesia. Journal of Economics and Management.
Suhartini, D. (2024). Impact of Sustainability Reporting and Governance on Firm Value
: Insight from the Indonesian Manufacturing. Cogent Business & Management.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 Rara Andini, Dirvi Surya Abbas, Imam Hidayat
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. In line with the license, authors are allowed to share and adapt the material. In addition, the material must be given appropriate credit, provided with a link to the license, and indicated if changes were made. If authors remix, transform or build upon the material, authors must distribute their contributions under the same license as the original.
