Akuntansi : Jurnal Akuntansi Integratif
Vol. 11 No. 01 (2025): Volume 11 Nomor 1 April 2025

CEO FINANCIAL EDUCATION, FIRM PERFORMANCE, AND ESG PERFORMANCE OF LQ45 COMPANIES

Thomas, Mario Yohanis (Unknown)
Suhardianto, Novrys (Unknown)



Article Info

Publish Date
16 Apr 2025

Abstract

Financial education that emphasizes only economic perspectives and moral hazard tends to make CEOs with financial expertise highly profit-oriented. Therefore, it is important to identify the influence of a financial education background on the financial performance of LQ45 companies, as well as the role of ESG performance in moderating this relationship. The analysis was conducted using Multiple Least Squares Regression and Moderated Regression Analysis on 166 observations indexed in LQ45 from 2017 to 2022. The results of the analysis indicate that the financial expertise of the CEO has a positive effect on financial performance, and ESG performance weakens this influence. This study's findings have practical implications, suggesting that ESG performance can serve as a governance mechanism to mitigate extreme profit orientation, allowing for the optimization of non-financial aspects such as the company's ESG performance.

Copyrights © 2025






Journal Info

Abbrev

JAI

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Financial Accounting Managerial Accounting Sharia Accounting Public Sector Accounting Behavioral Accounting Capital Market and Investment Auditing Taxation Accounting Education Accounting and Managerial Information System Non-Positivism Accounting ...