Financial Distress Dan Profitabilitas Terhadap Sustainability Report Disclosure Dengan Moderasi GCG Perusahaan Properti Indonesia
DOI:
https://doi.org/10.47065/arbitrase.v6i3.3066Keywords:
Financial Distress; Profitability; Sustainability Report Disclosure; Good Corporate Governance; Property CompaniesAbstract
This study is motivated by the relatively low consistency of companies in disclosing sustainability report disclosure despite increasing demands for transparency and accountability. Differences in corporate financial conditions, such as financial distress and profitability levels, are assumed to influence the quality of sustainability reporting. This study aims to analyze the effect of financial distress and profitability on sustainability report disclosure with Good Corporate Governance as a moderating variable. The research employs a quantitative approach with an associative research design. The data used are secondary data obtained from annual reports and sustainability reports of six property companies during the 2020–2024 period, resulting in 30 firm-year observations. Data analysis was conducted using multiple linear regression and Moderated Regression Analysis. The results indicate that financial distress has a significant effect on sustainability report disclosure, while profitability does not have a significant effect. Descriptively, the average level of sustainability report disclosure in the sample companies reaches 58.67%, with an average financial distress level of 2.73. The Good Corporate Governance variable, proxied by institutional ownership, strengthens the relationship between financial distress and sustainability report disclosure. These findings indicate that financial conditions and corporate governance mechanisms play an important role in encouraging transparency in sustainability reporting.
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