Pengaruh Financial Slack, Firm Size dan Carbon Performance terhadap Carbon Emission Disclosure

Alya Agesti; Umiaty  Hamzani; Ira Grania  Mustika

doi:10.33395/owner.v10i4.3610

Authors

Alya Agesti
✉ Corresponding author: b1031231091@student.untan.ac.id Universitas Tanjungpura
Umiaty Hamzani Universitas Tanjungpura, Pontianak, Indonesia
Ira Grania Mustika Universitas Tanjungpura, Pontianak, Indonesia

DOI:

https://doi.org/10.33395/owner.v10i4.3610

Keywords:

carbon disclosure; carbon performance; consumer non-cyclicals sector; sustainability reporting; financial slack; firm size

Abstract

This study is motivated by the growing attention to climate change issues, which underscores the importance of corporate transparency in disclosing carbon emissions as a form of responsibility toward the environment and stakeholders. The objective of this study is to analyze the influence of financial slack, firm size, and carbon performance on carbon emissions disclosure among companies in the non-cyclical consumer sector listed on the Indonesia Stock Exchange during the 2021–2024 period. However, previous studies have reported inconsistent findings regarding the effects of financial slack, firm size, and carbon performance on carbon emissions disclosure. Furthermore, empirical evidence from the non-cyclical consumer sector remains relatively limited compared to carbon-intensive industries. This study employs a quantitative approach using secondary data obtained from annual reports and sustainability reports. The sample was selected using purposive sampling based on specific criteria, resulting in 26 companies with a total of 104 observations. Data analysis was conducted using multiple linear regression, preceded by tests of classical assumptions to ensure the validity of the analytical model. The results indicate that firm size has a significant effect on carbon emissions disclosure, whereas financial slack and carbon performance do not show significant effects. In conclusion, firm size is the dominant factor driving increased carbon emissions disclosure, while internal financial factors and carbon performance have not been proven to be primary determinants in such disclosure practices. This finding indicates that external pressures such as regulatory demands drive disclosure more strongly than internal factors.

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