“…The findings of this study support and reinforce GRI's arguments that company economic sustainability disclosure is needed so that investors can evaluate the company's programs and strategies to ensure the company's sustainability in providing return on investment (long-term) (Global Reporting Initiative, 2013). The company's programs and strategies to achieve economic sustainability for investors, for example programs for determining employee remuneration, managing production capacity, production process strategies, product quality management, supplier relations, customer relations, supply chain, value chain, market share, antidiscrimination policies, anti-corruption policies, and anti-monopoly policies (Sarkar, 2012;Golicic & Smith, 2013;Joseph et al, 2016;Blanc et al, 2017;Sarwono et al, 2018;Banihashemi et al, 2019;Yun et al, 2019). The results of this study indicate that investors positively respond to information disclosures required by Global Reporting Initiative (2013).…”