Value Relevance, Sustainability Reporting Award, and Board Structure: An Influence and Analysis of Value Relevance

Research on the relevance of value sustainability reporting as measured by Sustainability Reporting Award (SRA) in Indonesia is still rarely studied. In Indonesia, many go-public companies have not realized importance environment and succeeded getting SRA due to costs incurred carrying out activities accordance with Global Initiative (GRI). The research examined whether there was information a role for board structure supporting obtain awards or not. conducted six-year data, sample 29 that had received at least once from 2014 2019. Then, Ohlson’s model used measure accounting SR, which seen through changes R2. Board proxied size, independence, meeting. test using SmartPLS. results indicate obtaining does added relevance, evidenced R2 value. It increase has an insignificant relationship stock prices. Meanwhile, can influence company only independence board. contributes showing observed Indonesia. Besides that, observing roles encourages acquiring SRA.