Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal Riset Akuntansi dan Keuangan Indonesia
Eka Pria Anas
Unknown Affiliation
Economics, Econometrics & Finance

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

Found 1 Documents
Search

 1 
The Influence of ESG Performance on Cost of Debt : The Moderating Role of Agency Cost Saputra, Mohan Maulana; Eka Pria Anas
Riset Akuntansi dan Keuangan Indonesia Vol. 10 No. 2 (2025): Riset Akuntansi dan Keuangan Indonesia
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/reaksi.v10i2.10519

Abstract

This study examines the relationship between ESG (Environmental, Social, and Governance) performance and the cost of debt, with agency cost as a moderating variable. Using panel data from companies listed on the Indonesia Stock Exchange (IDX) for the period 2018–2023, this research employs panel regression and interaction analysis. The results show that ESG performance has a positive and significant effect on the cost of debt, indicating that higher ESG scores may be associated with increased costs from the creditors’ perspective. Furthermore, agency cost negatively and significantly moderates this relationship, suggesting that when agency costs are high, the positive effect of ESG on the cost of debt is weakened. These findings imply that while ESG initiatives are often perceived as positive signals, their benefits in reducing debt costs may be limited when internal inefficiencies or managerial conflicts exist. The study contributes to the understanding of how internal governance factors interact with sustainability efforts in influencing corporate financing outcomes.
Co-Authors Saputra, Mohan Maulana