GOOD CORPORATE GOVERNANCE ON DISCLOSURE OF SUSTAINABILITY REPORTS WITH STAKEHOLDER ENGAGEMENT AS A MODERATION VARIABLE

Abstract

Using Stakeholder Engagement as a moderating variable this study aims to determine the impact of good corporate governance on the disclosure of sustainability reports by energy companies that are listed on the Indonesian Stock Exchange (IDX).  Dimensions variable of good corporate governance include institutional ownership, proportion of independent commissioners, audit committees, board of directors, and percentage of managerial ownership. Energy companies listed on the Indonesian Stock Exchange (IDX) between 2019 and 2022 are 87 as comprise the research population. The sample of this study 79 companies with 316 observations was obtained using a purposive sampling method. management ownership, board of directors, proportion of independent commissioners, and audit committee did not influence the disclosure of sustainability reports, but the percentage of institutional ownership had a negative influence on the disclosure of sustainability reports. Stakeholder Engagement increases the influence of institutional ownership on sustainability report disclosure but does not moderate the influence of managerial ownership, the audit committee, the proportion of independent commissioners, and the board of directors.