The Effect of Profitability, Leverage, Liquidity, and Company Size on Sustainability Report Disclosure with Corporate Governance as a Moderating Variable in Energy Sector Companies in 2019-2023
Quantitative analysis reveals that corporate governance is crucial for sustainability report disclosure in companies, suggesting stronger governance structures may enhance transparency.
Key Points
Only the board of commissioners significantly influences sustainability report disclosure, indicating governance's vital role.
Quantitative analysis using panel data regression assessed financial metrics like profitability, yet most showed no significant effect.
The study highlights that traditional financial variables such as leverage and liquidity do not effectively drive sustainability reporting.
Findings urge corporate managers to emphasize governance over purely financial metrics to promote sustainability practices.