The Effect of Women on Boards as a Moderating Variable on the Effect of ESG Disclosure and Profitability on Firm Performance
Efek Women on Boards sebagai Variabel Moderasi pada Pengaruh ESG Disclosure dan Profitabilitas terhadap Kinerja Perusahaan
DOI:
https://doi.org/10.21070/ups.7733Keywords:
Environmental, Social, and Governance Disclosure (ESG), Profitability, Company Performance, Women On BoardsAbstract
Company performance is the main indicator to evaluate the level of company success in a certain period achieved through the synergy of various indicators. This study aims to determine the effect of ESG disclosure and profitability on company performance moderated by women on boards. The population in this study were all companies listed on the Indonesia Stock Exchange (IDX) in 2019-2023. This study has 215 samples with the sample selection method used is purposive sampling. The data analysis technique used is the outer model to test the validity and reliability of the data and the inner model to test the hypothesis using the SmartPLS 3 analysis tool. The results showed that ESG disclosure and profitability have a positive effect on company performance. Women on Boards can strengthen the positive influence of ESG disclosure on company performance, while women on boards cannot strengthen the positive influence of profitability on company performance.
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