THE EFFECT OF FINANCIAL PERFORMANCE ON THE ASIA SUSTAINABILITY REPORTING RATING (ASSRAT) 2020 STUDY ON COMPANIES REGISTERED AT THE NATIONAL CENTER FOR SUSTAINABILITY REPORTING (NCSR)

Abstract

This study aims to obtain empirical evidence of the effect of the activity ratio (TATO) on the ranking of participants; obtain empirical evidence of the effect of profitability ratios (ROA) on participant ratings; and obtain empirical evidence of the effect of the liquidity ratio (CR) on the ratings of participants in the Reporting Rating 2020 study on companies registered with the National Center for Sustainability Reporting. The scope of this research is only limited to testing TATO, ROA, CR, and DER on the ranking of ASSRAT 2020 participants on the Indonesia Stock Exchange in 2020. The data analysis method used in this study uses Ordinal Logistics regression. The results of this study indicate that 12.9% of the dependent variable (Financial Performance) on the ranking of participants in the Asia Sustainability Reporting Rating 2020, can be explained by the independent variables TATO, ROA, CR, and DER. While the rest can be explained by factors outside the model.