Corporate Governance and Financial Performance toward Sustainability Reporting: A Moderation Study of Firm Size in IDX Companies
DOI:
https://doi.org/10.61978/summa.v3i3.611Keywords:
Good Corporate Governance (GCG), Profitability, Size, Sustainability Reports (SR)Abstract
This research explores the influence of good corporate governance and financial performance on sustainability report disclosures, with company size considered as a moderating factor. The study targets mining companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2023 period. The governance indicators analyzed include the presence of a board of directors, audit committees, and independent commissioners. By utilizing secondary data and a purposive sampling method, a total of 20 mining firms were selected for evaluation. The findings demonstrate that both the board of directors and profitability significantly and positively contribute to the level of sustainability disclosures. In contrast, the audit committee and independent commissioners do not exhibit a notable impact. Furthermore, company size is found to strengthen the relationship between the board of directors and profitability with sustainability reporting, although it does not have a moderating effect on the roles of the audit committee and independent commissioners.
References
Alamsyahbana, M. I., Gizta, A. D., Novrina, P. D., Sarazwati, R. Y., Fauzar, S., Meifari, V., Indriaty, N., Chandra, R. F., Kusumah, S., Santoso, N. K., Fauzi, Nasution, U. O., Saputra, N. C., Shindy, G. T., & Tahir, I. B. (2023). Metodologi Penelitian Kuantitatif dan Kualitatif (S. Bahri, Ed.). Media Sains Indonesia.
Ariska, M., Fahru, M., & Kusuma, J. W. (2020). Leverage, Ukuran Perusahaan dan Profitabilitas dan Pengaruhnya Terhadap Tax Avoidance Pada Perusahaan Sektor Pertambangan di Bursa Efek Indonesia Tahun 2014-2019. Jurnal Revenue : Jurnal Ilmiah Akuntansi, 1(1), 133–142. https://doi.org/10.46306/rev.v1i1.13 DOI: https://doi.org/10.46306/rev.v1i1.13
Bukhori, M. R. T., & Sopian, D. (2017). Pengaruh Sustainability Terhadap Kinerja Keuangan. Sikap, 2(1), 35–48. DOI: https://doi.org/10.32897/jsikap.v2i1.62
Dincer, B., & Dincer, C. (2024). Insights into sustainability reporting: Trends, aspects, and theoretical perspectives from a qualitative lens. Journal of Risk and Financial Management, 17(2), 68. DOI: https://doi.org/10.3390/jrfm17020068
Fathinah Ananda, R., & Yusnaini. (2023). Pengaruh Dewan Komisaris Dan Dewan Direksi Terhadap Pengungkapan Sustainability Report Pada Perusahaan Yang Terdaftar Di Bursa Efek Indonesia Periode 2020. Management Studies and Entrepreneurship Journal, 4(1), 1014–1021.
Hanan, S. Z., & Setiawan, M. A. (2023). Pengaruh Slack Resources, Dewan Direksi, dan Komite CSR terhadap Sustainability Report. Jurnal Eksplorasi Akuntansi, 5(2), 833–846. https://doi.org/10.24036/jea.v5i2.792 DOI: https://doi.org/10.24036/jea.v5i2.792
Indrianingsih, I., & Agustina, L. (2020). The Effect of Company Size, Financial Performance, and Corporate Governance on the Disclosure of Sustainability Report. Accounting Analysis Journal, 9(2), 116–122. https://doi.org/10.15294/aaj.v9i2.31177 DOI: https://doi.org/10.15294/aaj.v9i2.31177
Khafid, M., & Mulyaningsih, M. (2017). Kontribusi Karakteristik Perusahaan Dan Corporate Governance Terhadap Publikasi Sustainability Report. EKUITAS (Jurnal Ekonomi Dan Keuangan), 19(3), 340. https://doi.org/10.24034/j25485024.y2015.v19.i3.1772 DOI: https://doi.org/10.24034/j25485024.y2015.v19.i3.1772
Liana, S. (2019). Pengaruh Profitabilitas, Leverage , Ukuran Perusahaan dan Dewan Komisaris Independen terhadap Pengungkapan Sustainability Report. Jesya (Jurnal Ekonomi & Ekonomi Syariah), 2(2), 199–208. https://doi.org/10.36778/jesya.v2i2.69 DOI: https://doi.org/10.36778/jesya.v2i2.69
Madona, M. A., & Khafid, M. (2020). Pengaruh Good Corporate Governance terhadap Pengungkapan Sustainability Report dengan Ukuran Perusahaan sebagai Pemoderasi. Jurnal Optimasi Sistem Industri, 19(1), 22–32. https://doi.org/10.25077/josi.v19.n1.p22-32.2020 DOI: https://doi.org/10.25077/josi.v19.n1.p22-32.2020
Mohsin, M., Zhu, Q., Naseem, S., Sarfraz, M., & Ivascu, L. (2021). Mining industry impact on environmental sustainability, economic growth, social interaction, and public health: an application of semi-quantitative mathematical approach. Processes, 9(6), 972. DOI: https://doi.org/10.3390/pr9060972
Nur Fadhila, S., Biduri, S., Rahma Dewi, S., & Maryanti, E. (2023). Can Company Size Moderate Good Corporate Governance on Disclosure of Sustainability Reports? Journal of Accounting Science, 7(1), 60–70. https://doi.org/10.21070/jas.v7i1.1698 DOI: https://doi.org/10.21070/jas.v7i1.1698
Oktaviani, D. R., & Amanah, L. (2019). Pengaruh Kinerja Keuangan , Ukuran Perusahaan , Struktur Modal , Dan Corporate Governance Terhadap Publikasi Sustainability Report. Jurnal Ilmu Dan Riset Akuntansi, 8, September 2019.
Olayinka, A. A. (2022). Financial statement analysis as a tool for investment decisions and assessment of companies’ performance. International Journal of Financial, Accounting, and Management, 4(1), 49–66. DOI: https://doi.org/10.35912/ijfam.v4i1.852
Prasetya, A., & Hindasah, L. (2023). Pengaruh Rasio Keuangan dan Mekanisme Good Corporate Governance Terhadap Financial Distress. Journal of Business Economics and Agribusiness, 1(2), 1–16. https://doi.org/10.47134/jbea.v1i2.97 DOI: https://doi.org/10.47134/jbea.v1i2.97
Purnama, D. P., & Handayani, B. D. (2021). The Effect of Financial Performance and Corporate Governance on Sustainability Report Disclosure with Company Size as a Moderation. Accounting and Finance Studies, 1(2), 138–162. https://doi.org/10.47153/afs12.1362021 DOI: https://doi.org/10.47153/afs12.1362021
Puspitandari, J., & Septiani, A. (2017). Pengaruh Sustainability Report Disclosure Terhadap Kinerja Perbankan. Diponegoro Journal of Accounting, 6(3), 1–12.
Sebrina, N., Taqwa, S., Afriyenti, M., & Septiari, D. (2023). Analysis of sustainability reporting quality and corporate social responsibility on companies listed on the Indonesia stock exchange. Cogent Business & Management, 10(1). DOI: https://doi.org/10.1080/23311975.2022.2157975
Sinaga, K. J., & Fachrurrozie. (2017). The Effect of Profitability, Activity Analysis, Industrial Type and Good Corporate Governance Mechanism on The Disclosure of Sustainability Report Article History. Accounting Analysis Journal (AAJ), 6(3), 347–358.
Suciwati, D. P., Dewi, N. K. N., & Bagiada, I. M. (2021). Pengaruh Good Corporate Governance Dan Corporate Social Responsibility Terhadap Kinerja Keuangan. Simposium Nasional Akuntansi Vokasi (SNAV, 9(1), 80–92. https://doi.org/10.51510/budgeting.v1i2.476 DOI: https://doi.org/10.51510/budgeting.v1i2.476
Sugiyono. (2022). Metode Penelitian Kuantitatif, Kualitatif, Dan R&D (Sugiyono, Ed.; 2nd ed.). ALFABETA, cv.
Suharti, S., Wandi, W., Halimahtussakdiah, H., & Purnama, I. (2024). Pengaruh Good Corporate Governance, Profitabilitas, Leverage, Dan Ukuran Perusahaan Terhadap Pengungkapan Sustainability Report. Kurs : Jurnal Akuntansi, Kewirausahaan Dan Bisnis, 9(1), 82. https://doi.org/10.35145/kurs.v9i1.4273 DOI: https://doi.org/10.35145/kurs.v9i1.4273
Taolin, M. L., Utomo, M. N., Wahyudi, S., & Pangestuti, I. R. D. (2019). How does good corporate governance create customer trust? The role of service quality and corporate image. Calitatea, 20(173), 37–42.
Tobing, R. A., Zuhrotun, Z., & Rusherlistyani, R. (2019). Pengaruh Kinerja Keuangan, Ukuran Perusahaan, dan Good Corporate Governance Terhadap Pengungkapan Sustainability Report pada Perusahaan Manufaktur yang Terdaftar dalam Bursa Efek Indonesia. Reviu Akuntansi Dan Bisnis Indonesia, 3(1). https://doi.org/10.18196/rab.030139 DOI: https://doi.org/10.18196/rab.030139
Triwacananingrum, W., Gunawan, E. B., Lolitha, S., & Verika, V. (2020). the Effect of Good Corporate Governance and Financial Performance on Disclosure of Sustainability Report. Riset Akuntansi Keuangan), 5(2), 85–95. DOI: https://doi.org/10.31002/rak.v5i2.3654
Weda, N., & Sudana, I. P. (2021). Sustainability Reporting and Stock Returns in LQ45 Indexed Companies. 1356–1374. DOI: https://doi.org/10.24843/EJA.2021.v31.i06.p01
