PENGARUH PENGUNGKAPAN SUSTAINABILITY REPORT TERHADAP KINERJA KEUANGAN DENGAN GOOD CORPORATE GOVERNANCE SEBAGAI VARIABEL MODERASI

Abstrak

Penelitian ini bertujuan untuk menganalisis pengaruh pengungkapan Sustainability Report terhadap kinerja keuangan, pengaruh pengungkapan Sustainability Report terhadap Good Corporate Governance, serta peran Good Corporate Governance dalam memoderasi pengaruh pengungkapan Sustainability Report terhadap kinerja keuangan pada perusahaan pertambangan yang terdaftar di Indeks Saham Syariah Indonesia (ISSI) periode 2019–2024. Penelitian ini menggunakan pendekatan kuantitatif dengan data sekunder yang diperoleh dari laporan tahunan dan laporan keberlanjutan perusahaan. Sampel penelitian terdiri dari 10 perusahaan yang dipilih menggunakan teknik purposive sampling. Analisis data dilakukan menggunakan regresi data panel dan Moderated Regression Analysis (MRA) dengan program EViews 13. Hasil penelitian menunjukkan bahwa pengungkapan Sustainability Report berpengaruh positif dan signifikan terhadap kinerja keuangan. Pengungkapan Sustainability Report juga berpengaruh signifikan terhadap Good Corporate Governance. Selain itu, Good Corporate Governance mampu memoderasi dan memperkuat pengaruh pengungkapan Sustainability Report terhadap kinerja keuangan dengan jenis quasi moderation.

This study aims to analyze the effect of Sustainability Report disclosure on financial performance, the effect of Sustainability Report disclosure on Good Corporate Governance, and the role of Good Corporate Governance in moderating the effect of Sustainability Report disclosure on financial performance in mining companies listed on the Indonesian Sharia Stock Index (ISSI) during the 2019–2024 period. This research employed a quantitative approach using secondary data obtained from annual reports and sustainability reports. The sample consisted of 10 companies selected through purposive sampling. Data were analyzed using panel data regression and Moderated Regression Analysis (MRA) with EViews 13 software. The results indicate that Sustainability Report disclosure has a positive and significant effect on financial performance. Sustainability Report disclosure also has a significant effect on Good Corporate Governance. Furthermore, Good Corporate Governance is able to moderate and strengthen the effect of Sustainability Report disclosure on financial performance and acts as a quasi-moderating variable.