Jurnal Riset Akuntansi Terpadu
Vol 19, No 1 (2026)

CEO Characteristics and Carbon Performance on Financial Performance: A Study in Indonesia

Windu Mulyasari (Scopus ID: 57216441931, Universitas Sultan Ageng Tirtayasa, Indonesia)
Rafita April Liani (Faculty of Economics and Business, Sultan Ageng Tirtayasa University)
Ina Indriana (Faculty of Economics and Business, Sultan Ageng Tirtayasa University)



Article Info

Publish Date
25 Jul 2026

Abstract

This study aims to determine the effect of the characteristics of the CEO and carbon performance on financial performance. The mediating variable used in this study is carbon performance, which is measured by dividing the total emissions of scope 1 and scope 2 in the current year by total sales at the end of the fiscal year. The independent variables in this study are CEO characteristics as measured by tenure, educational background, and gender. The dependent variable in this study is financial performance as measured by return on assets (ROA). The population of this research was conducted in the mining, infrastructure, utilities, and transportation sectors which were listed on the Indonesia Stock Exchange during the 2020-2022 period. The data analysis technique for this study used multiple regression analysis with SPSSv25 software and path analysis with the help of an online Sobel calculator. The results of this study prove that CEO tenure has a significant negative effect on financial performance, educational background and gender of the CEO have a significant positive effect on financial performance. In addition, carbon performance cannot mediate the effect of CEO characteristics on financial performance.

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Journal Info

Abbrev

JRAT

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Riset Akuntansi Terpadu (JRAT) is a scientific journal published by the Accounting Department, Faculty of Economics and Business, Universitas Sultan Ageng Tirtayasa. Jurnal Riset Akuntansi Terpadu (JRAT) is published twice a year, (April and October). First issue is Volume 1 Number 1, April ...