Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal Jurnal Akuntansi
Muhammad Putra Aprullah
Department of Accounting, Faculty of Economics and Business, Universitas Syiah Kuala, Banda Aceh
Economics, Econometrics & Finance

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
ESG Disclosure, ESG Risk, Women's Sustainability Governance, and Cost of Debt Muhammad Putra Aprullah; Muhammad Arfan; Yossi Diantimala; Irsyadillah Irsyadillah; Mohammadsadegh Omidvar
Jurnal Akuntansi Vol. 30 No. 3 (2026): September-December 2026
Publisher : Fakultas Ekonomi dan Bisnis Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ja.v30i3.4113

Abstract

This study investigates whether ESG risk (ESGR) mediates the impact of ESG disclosure (ESGD) and women’s sustainability governance (FESG) on the cost of debt (COD). The analysis covers 120 non-financial firms from the IDX80 index between 2020 and 2023, selected through purposive sampling. Regression-based mediation analysis estimates both direct and indirect relationships among ESGD, ESGR, FESG, and COD. Results indicate that ESGD significantly reduces ESGR, and ESGR in turn increases COD, confirming ESGR’s mediating role between ESGD and COD. ESGD also directly lowers COD. In contrast, FESG does not significantly affect ESGR but has a significant direct effect on COD. These findings highlight ESG risk as a key channel through which ESG disclosure affects debt financing costs in an emerging market, while women’s sustainability governance primarily influences financing directly.
Co-Authors Irsyadillah Irsyadillah Mohammadsadegh Omidvar Muhammad Arfan Yossi Diantimala