Jurnal Ekonomi, Akuntansi dan Perpajakan
Vol. 3 No. 3 (2026): Agustus : Jurnal Ekonomi, Akuntansi, dan Perpajakan (JEAP)

The Influence of Carbon Risk on Debt Structure: An Empirical Study on Companies Listed on in the Indonesian Stock Exchange 2024 Period

Bintang Adzka Al-Hafidz (Unknown)
Susi Sarumpaet (Unknown)



Article Info

Publish Date
28 Aug 2026

Abstract

This study examines the influence of carbon risk on debt structure among companies listed on the Indonesia Stock Exchange (IDX) during 2024. Carbon risk is measured using the natural logarithm of Scope 1 and Scope 2 greenhouse gas emissions, while debt structure is proxied by the proportion of bank debt to total debt. Firm size and leverage are included as control variables. Using a quantitative approach, this study analyzes secondary data from 337 companies selected through purposive sampling. Multiple linear regression with the Ordinary Least Squares (OLS) method is employed using IBM SPSS. The results indicate that carbon risk has no significant influence on debt structure, suggesting that firms with higher carbon emissions do not necessarily rely less on bank debt. The findings imply that Indonesian banks continue to prioritize traditional credit assessment factors, such as financial performance and repayment capacity, rather than carbon-related risks in lending decisions. This study contributes to the sustainable finance literature by providing empirical evidence from an emerging market and offers insights for regulators, financial institutions, and future research on the integration of cli-mate-related risks into corporate financing decisions.

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Journal Info

Abbrev

JEAP

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Ekonomi, Akuntansi, dan Perpajakan (JEAP) diterbitkan oleh Asosiasi Riset Ekonomi dan Akuntansi Indonesia. Jurnal ini terbit 4 kali dalam setahun yaitu pada bulan Februari, Mei, Agustus, November. Jurnal Ekonomi, Akuntansi, dan Perpajakan (JEAP) adalah untuk mendiseminasikan, mengembangkan ...