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Analysis of the Effect of Environmental, Social and Governance (ESG) Disclosures on Capital Structure with Company Performance as an Intervening Variable (Empirical Study on Companies Listed in Sri-Kehati Index Stocks for the 2017-2019 Period) Shintya Delvia; Yulia Efni; Haryetti Haryetti
INTERNATIONAL JOURNAL OF ECONOMICS, BUSINESS AND APPLICATIONS Vol 7, No 1 (2022)
Publisher : Universitas Riau

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31258/ijeba.7.1.1-20

Abstract

This study aims to examine the effect of environmental, social, and corporate governance on capital structure with company performance as an intervening variable in companies listed in the sri-kehati index for the period 2017 – 2019. This study uses secondary data, namely on companies that are members of the Sri-Kehati index that disclose environmental, social and governance (ESG) scores on Bloomberg. The data used in this study with a total research sample of 54 data was determined by purposive sampling method.The results of this study indicate that environmental and governance has an effect on company performance while social has no effect on company performance. Environmental, social, and governance have no effect on capital structure. For indirect testing, the results show that environmental, social, and governance have no effect on capital structure through company performance as an intervening variable.
The Effect of Firm Size and Working Capital Turnover on Firm Value Mediated by Profitability and Intellectual Capital as Moderating Variable in Food and Beverage Companies Listed on IDX in 2017-2021 Fide Theresia; Haryetti Haryetti; Dian Pratiwi
IJEBA (INTERNATIONAL JOURNAL OF ECONOMICS, BUSINESS AND APPLICATIONS) Vol 8, No 1 (2023)
Publisher : Universitas Riau

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31258/ijeba.8.1.105-128

Abstract

This research aims to determine the effect of firm size and working capital turnover on firm value mediated by profitability and intellectual capital as moderating variable in food and beverage companies listed on the Indonesia Stock Exchange in 2017-2021. The population in this research are 37 food and beverage companies listed on the Indonesia Stock Exchange in2017-2021. This research used purposive sampling as the sampling technique, so that 21 companies were obtained as the research samples. The data analysis used in this research is moderated regression analysis and sobel test with Statistical Program for Social Science (SPSS) 26. The results showed that firm size had no effect on firm value, working capital turnover had no effect on firm value, profitability had a positive effect on firm value, firm size had a positive effect on profitability, working capital turnover had a positive effect on profitability, firm size had an indirect effect on firm value through profitability, working capital turnover had an indirect effect on firm value through profitability, intellectual capital moderates the effect of firm size on profitability, intellectual capital moderates the effect of working capital turnover on profitability, intellectual capital do not moderate the effect of firm size on firm value, intellectual capital do not moderate the effect of working capital turnover on firm value, and intellectual capital do not moderate the effect of profitability on firm value.