Good corporate governance as moderation on sustainability report disclosure
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Maylia Pramono Sari 
, Stya Rahma Karmida Dewi, Surya Raharja , Aldila Dinanti , Fitrarena Widhi Rizkyana
This work is licensed under a Creative Commons Attribution 4.0 International License.
Abstract
This study aims to analyze the financial indicators on the disclosure of sustainability reports, and the role of good corporate governance can strengthen the disclosure of sustainability reports. The novelty of this research is the role of the moderating variable of the audit committee and the board of directors is expected to be able to provide a solution to the inconsistency of the results of previous studies. The population of this study is mining companies listed on the Indonesia Stock Exchange (IDX) for the 2017–2019 period because they are high-profile companies that significantly impact environmental damage. This study shows that the variables of liquidity, profitability, and leverage have a positive influence on the disclosure of the sustainability report, while the size of the company has a negative effect (Aniktia & Khafid, 2015). The board of directors can strengthen the relationship between company size and profitability in the disclosure of sustainability reports and weaken the relationship between company size, liquidity, profitability, and leverage in the disclosure of sustainability reports. Companies can use the results of this study to consider the application of sustainability reports and investors can increase their attention to financial reports and sustainability in choosing where to invest.
Keywords: Sustainability Report, Good Corporate Governance, Firm Size, Liquidity, Profitability, Leverage
Authors’ individual contribution: Conceptualization — M.P.S., S.R.K.D., S.R., A.D., and F.W.R.; Methodology — M.P.S., S.R.K.D., S.R., A.D., and F.W.R.; Investigation — M.P.S., S.R.K.D., S.R., A.D., and F.W.R.; Writing — Original Draft — M.P.S., S.R.K.D., S.R., A.D., and F.W.R.; Writing — Review & Editing — M.P.S., S.R.K.D., S.R., A.D., and F.W.R.; Supervision — M.P.S., S.R.K.D., S.R., A.D., and F.W.R.
Declaration of conflicting interests: The Authors declare that there is no conflict of interest.
JEL Classification: G34, O16, Q01, Q56
Received: 21.06.2022
Accepted: 22.06.2023
Published online: 26.06.2023
How to cite this paper: Sari, P. S., Dewi, S. R. K., Raharja, S., Dinanti, A., & Rizkyana, F. W. (2023). Good corporate governance as moderation on sustainability report disclosure. Journal of Governance & Regulation, 12(3), 16–24. https://doi.org/10.22495/jgrv12i3art2
