Pengaruh Pelaporan Keberlanjutan terhadap Biaya Modal dengan Kecakapan Manajerial sebagai Variabel Moderasi
DOI:
https://doi.org/10.55587/jla.v6i1.211Kata Kunci:
Cost of capital, sustainability, managerial skillsAbstrak
Purpose: This study aims to comprehensively examine the impact of sustainability reporting on capital costs through a multidimensional approach and managerial skills as moderation.
Method: This study uses a quantitative method with multiple linear regression and moderated regression analysis (MRA) in non-financial companies on the IDX in 2023-2024 by using purposive sampling in the sample selection process to suit the research objectives.
Finding: The results of the study show that sustainability reporting in full or per dimension, namely economic, environmental and social, does not have a significant effect on capital costs. The moderation test found managerial proficiency only strengthened the positive relationship between the environmental dimension and the cost of capital.
Novelty: This study offers a new contribution to the literature on the influence of sustainability reporting on capital costs and considers managerial skills as a moderation variable by separating the three components of disclosure in sustainability reporting, namely economic, environmental, and social.
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