Pengaruh Ukuran Perusahaan, Kinerja Lingkungan, Biaya Lingkungan Terhadap Kinerja Keuangan dengan Pengungkapan Corporate Social Responsibility sebagai Variabel Intervening pada Perusahaan Minyak dan Gas di Bursa Efek Indonesia Periode 2020-2022

Abstract

This study aims to analyze the influence of company size, enviromental performance, and enviromental costs on financial performance with corporate social responsibility (CSR) disclosure as an intervening variable in oil and gas companies listed on the Indonesia Stoc Exchange. Financial performance is a crucial issue in understanding the factors that drive investors and stakeholders to invest ans support companies in disclosing their social responsibilities. This research employs a quantitative approach using panel data regression analysis. Data processing and analysis were conducted using EViews version 10. The study sample consists of 30 purposively selected oil and gas companies in the energy sector, observed over a three-year period (2020-2022), resulting in a total of 90 observations. The analysis results show that company size and enviromental costs have a positive and significant effect on financial performance. However, enviromental performance does not have a significant effect on financial performance. CSR disclosure has a positive effect on financial performance. As for the mediation test, it was found that enviromental performance ans enviromental costs have a positive and significant effect on financial performance through CSR disclosure, while company size does not have a significant mediating effect through CSR disclosure.