Determinants of sustainable development: The role of CSR disclosure

  • 538 Views
  • 224 Downloads

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License

This study intends to assess the impact of adopting green accounting and environmental performance on sustainable development, with CSR disclosure acting as a moderator. The population of the study consists of the palm oil companies listed on the Indonesia Stock Exchange and the Malaysia Stock Exchange for the 2019–2021 period. Purposive sampling was utilized as a sampling method to select 45 businesses. Partial least squares analysis was performed to examine the data. The results showed that the implementation of green accounting (β = 0.231; p < 0.05) and environmental performance (β = 0.285; p < 0.05) affect the sustainable development of palm oil companies. Then, CSR disclosure strengthens the effect between the implementation of green accounting (β = 0.293; p < 0.05) and environmental performance (β = 0.150; p < 0.05) on the sustainable development of palm oil companies. This study helps companies that properly implement corporate social responsibility or care about environmental safety become the best investment opportunities. It also serves as the material for investors and potential investors to help them make the best decisions about companies that employ green accounting in corporate reporting.

view full abstract hide full abstract
    • Table 1. Descriptive statistics
    • Table 2. Convergent validity and reliability
    • Table 3. PLS path analysis coefficient results
    • Conceptualization
      Meilda Wiguna, Sri Indarti
    • Data curation
      Meilda Wiguna, Sri Indarti, Thamrin, Andreas
    • Formal Analysis
      Meilda Wiguna, Sri Indarti, Thamrin
    • Methodology
      Meilda Wiguna, Sri Indarti, Thamrin, Andreas
    • Resources
      Meilda Wiguna, Andreas
    • Software
      Meilda Wiguna, Sri Indarti
    • Writing – original draft
      Meilda Wiguna, Sri Indarti
    • Writing – review & editing
      Meilda Wiguna, Sri Indarti
    • Supervision
      Sri Indarti
    • Validation
      Sri Indarti, Thamrin
    • Investigation
      Thamrin
    • Project administration
      Andreas