Green Accounting, Good Corporate Governance, and Sustainability Report Disclosure in Indonesian Energy Companies
DOI:
https://doi.org/10.17977/%20um004v13i12026p071Keywords:
Green Accounting, Good Corporate Governance, Sustainability Report Disclosure, Energy Sector, IndonesiaAbstract
Purpose: This study aims to analyze the influence of green accounting and good corporate governance on sustainability report disclosure among oil, gas, and coal subsector companies listed on the Indonesia Stock Exchange during the 2021–2024 period.
Method: This study employs a quantitative explanatory approach, drawing on secondary data from annual reports, sustainability reports, and corporate governance information. The sample was selected using purposive sampling, resulting in 26 companies and 104 firm-year observations. Sustainability report disclosure was measured using a GRI-based Sustainability Report Disclosure Index, green accounting using a content analysis index, and good corporate governance using a composite governance index. The data were analyzed using multiple linear regression with IBM SPSS.
Findings: This study employs a quantitative explanatory approach, drawing on secondary data from annual reports, sustainability reports, and corporate governance information. The sample was selected using purposive sampling, resulting in 26 companies and 104 firm-year observations. Sustainability report disclosure was measured using a GRI-based Sustainability Report Disclosure Index, green accounting was measured using a content analysis index, and good corporate governance was measured using a composite governance index. The data were analyzed using multiple linear regression with IBM SPSS.
Originality/Value: This study contributes to the sustainability accounting literature by showing that green accounting and governance mechanisms do not have equal explanatory power in environmentally sensitive energy subsectors. The findings indicate that legitimacy theory is not fully confirmed in explaining the relationship between green accounting and sustainability report disclosure when disclosure remains largely narrative, whereas stakeholder theory is supported in explaining the role of good corporate governance in improving sustainability disclosures.
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