International Journal of Economics Development Research (IJEDR)
Vol. 6 No. 4 (2025): International Journal of Economics Development Research (IJEDR)

Analyzing the Economic Impact of Public Share Ownership, Capital Structure, and Environmental Costs on Financial Performance with Good Corporate Governance as a Moderating Variable

Mahadewi, Gusti Ayu Putu Agung (Unknown)
Werastuti, Desak Nyoman Sri (Unknown)
Purnamawati, I Gusti Ayu (Unknown)



Article Info

Publish Date
11 Jun 2025

Abstract

This study aims to analyze and find out public share ownership has a positive effect on financial performance, to analyze and find out capital structure has a positive effect on financial performance, to analyze and find out environmental costs have a positive effect on financial performance, to analyze and find out GCG is able to moderate the effect of public share ownership on financial performance, to analyze and find out GCG is able to moderate the effect of capital structure on financial performance, to analyze and find out GCG is able to moderate the effect of environmental costs on financial performance. This research is quantitative research. This study shows that Public Share Ownership, Capital Structure, and Environmental Costs have a positive and significant effect on the financial performance of property and real estate sector companies on the IDX in 2020-2022. In addition, Good Corporate Governance (GCG) is proven to moderate the relationship between these three variables and financial performance, thereby strengthening their positive influence. These findings support stakeholder, agency, and legitimacy theories.

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Journal Info

Abbrev

ijedr

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

IJEDR focuses on economics, innovation, and investment. Dedicated to enhancing economics development a country, regional and the world in general. IJEDR invites papers on Economics field (Economic growth, Monetary and fiscal policy effect, Innovation practices, Innovation impact, Corporate finance, ...