<![CDATA[This study examines how Cost Leadership Strategy and company size affect financial distress in Indonesian technology companies listed on the Indonesia Stock Exchange (IDX) during the period 2021–2024, with ESG (Environmental,aSocial, and Governance) as a mediating_variable. The research urgency is highlighted by PT GoTo Gojek Tokopedia's massive IDR 90.5 trillion net loss in 2023 and the broader post-COVID-19 financial volatility observed across the technology sector. Using a quantitative approach, the study analyzed 47 technology companies selected through purposive sampling, collecting secondary data from annual reports and sustainability reports. Financial distress was measured via the Altman Z-Score model, cost-leadership strategy by the cost-of-goods-sold-to-total-sales ratio, company size by the natural logarithm of total assets, and ESG performance by the GRI Standard 2021 index. Multiple linear regression and Sobel Test analyses were employed to test both direct and indirectsrelationships among variables. The results reveal that Cost Leadership Strategy significantly and positively impacts both ESG disclosure and financial distress. Company size shows a positive but statistically insignificant-effectxon ESG, while demonstrating a significant positive effect on financial distress. ESG significantly and positively influences financial distress. Regarding mediation, ESG significantly mediates the relationship between cost leadership strategy and financial distress, but does not significantly mediateethe relationship between company size and financial distress.]]>
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