Pengaruh Arus Kas, Kepemilikan Institusional, Umur Perusahaan, dan Rasio Utang terhadap Environmental, Social, Governance (ESG) pada Perusahaan LQ45 Tahun 2019 – 2023

Abstract

This study examines the effect of cash flow, institutional ownership, company age, and debt ratio on Environmental, social, and governance (ESG) disclosure reporting in LQ45 companies in Indonesia during the 2019-2023 period. The analytical method used is multiple linear regression, with data collected from the annual reports of LQ45 companies. The results show that institutional ownership and company age have a significant effect on ESG disclosure, while cash flow and the debt ratio does not show a significant effect. This study contributes to the ESG literature by presenting empirical evidence from emerging markets, as well as providing insights for investors and policy makers to encourage sustainable ESG practices in public companies.