| NIM | C1B021118 |
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| Namamhs | KEVIN OCTAVIAN PRASETYA |
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| Judul Artikel | Peran Profitabilitas dalam hubungan antara Pengungkapan ESG dan Leverage terhadap Financial distress dengan GCG sebagai Variabel Moderasi |
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| Abstrak (Bhs. Indonesia) | Penelitian ini bertujuan untuk menganalisis peran profitabilitas dalam hubungan antara pengungkapan Environmental, Social, and Governance (ESG) dan leverage terhadap financial distress dengan Good Corporate Governance (GCG) sebagai variabel moderasi pada perusahaan sektor energi yang terdaftar di Bursa Efek Indonesia (BEI) periode 2021–2024. Penelitian ini dilakukan untuk menjawab kesenjangan hasil studi sebelumnya serta memperdalam pemahaman mengenai faktor-faktor keuangan dan non keuangan yang dapat memengaruhi tingkat financial distress perusahaan. Metode penelitian yang digunakan adalah pendekatan kuantitatif dengan analisis Structural Equation Modeling–Partial Least Squares (SEM-PLS) melalui perangkat lunak SmartPLS 3.0. Sampel ditentukan menggunakan teknik purposive sampling dengan sumber data sekunder dari laporan tahunan dan keberlanjutan perusahaan sektor energi di BEI. Variabel FID diukur menggunakan model Altman Z-score modifikasi, pengungkapan ESG mengacu pada indikator Global Reporting Initiative (GRI), leverage diukur dengan Debt to Asset Ratio (DAR), profitabilitas menggunakan Return on Assets (ROA), dan GCG diproksikan melalui proporsi dewan komisaris independen. Hasil penelitian menunjukkan bahwa pengungkapan ESG berpengaruh positif namun tidak signifikan terhadap financial distress, namun berpengaruh positif dan signifikan terhadap profitabilitas. Sementara itu, leverage berpengaruh negatif signifikan terhadap financial distress dan profitabilitas, serta profitabilitas terbukti berpengaruh positif signifikan terhadap financial distress. Temuan lainnya menunjukkan bahwa profitabilitas tidak memediasi pengaruh pengungkapan ESG terhadap financial distress, namun memediasi hubungan antara leverage dan financial distress. Selain itu, Good Corporate Governance tidak memoderasi hubungan leverage terhadap financial distress. |
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| Abtrak (Bhs. Inggris) | This study aims to analyze the role of profitability in the relationship between Environmental, Social, and Governance (ESG) disclosure and leverage on financial distress, with Good Corporate Governance (GCG) as a moderating variable in energy sector companies listed on the Indonesia Stock Exchange (IDX) for the 2021–2024 period. This study was conducted to address gaps in previous studies and deepen understanding of financial and non-financial factors that can influence a company's level of financial distress. The research method used is a quantitative approach with Structural Equation Modeling–Partial Least Squares (SEM-PLS) analysis using SmartPLS 3.0 software. The sample was determined using a purposive sampling technique with secondary data sources from annual and sustainability reports of energy sector companies on the IDX. The FID variable is measured using a modified Altman Z-score model, ESG disclosure refers to the Global Reporting Initiative (GRI) indicators, leverage is measured by the Debt to Asset Ratio (DAR), profitability uses Return on Assets (ROA), and GCG is proxied by the proportion of independent commissioners. The results show that ESG disclosure has a positive but insignificant effect on financial distress, but a positive and significant effect on profitability. Meanwhile, leverage has a significant negative effect on both financial distress and profitability, and profitability has a significant positive effect on financial distress. Other findings indicate that profitability does not mediate the effect of ESG disclosure on financial distress, but it does mediate the relationship between leverage and financial distress. Furthermore, good corporate governance does not moderate the relationship between leverage and financial distress. |
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| Kata kunci | Environmental, Social, and Governance (ESG), leverage, financial distress, profitabilitas, Good Corporate Governance (GCG) |
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| Pembimbing 1 | Prof. Dr. Najmudin S.E, M.Si |
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| Pembimbing 2 | |
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| Pembimbing 3 | |
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| Tahun | 2026 |
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| Jumlah Halaman | 10 |
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| Tgl. Entri | 2026-01-19 12:23:10.117614 |
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