Silalahi, Olivia Yunita (2026) Pengaruh ESG Disclosure terhadap Biaya Utang (Cost of Debt); Peran Agency Cost sebagai Variabel Moderasi pada Perusahaan Sektor Basic Materials yang terdaftar di BEI Periode 2020-2024. Undergraduate thesis, UPN Veteran Jawa Timur.
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Abstract
This study examines the effect of ESG disclosure on the cost of debt. It also investigates whether agency costs moderate this relationship. The research focuses on basic1materials companies listed1on the Indonesia Stock1Exchange from 2020 to 2024. It applies a quantitative approach using secondary data collected from annual1reports, sustainability1reports, and financial1statements. Using purposive sampling, the study selected 38 companies across five observation years, resulting in 190 firm-year observations. Data analysis relied on panel data1regression and Moderated Regression1Analysis (MRA). The Asset Utilization Ratio (AUR) served as the indicator for agency costs. The results1show a negative relationship1between ESG disclosure and the1cost of debt, but the effect is not statistically1significant. The findings also demonstrate that agency costs, measured by AUR, do not moderate the impact1of ESG disclosure on the cost1of debt. These results indicate that ESG disclosure levels do not meaningfully alter borrowing costs. Similarly, asset utilization efficiency does not strengthen or weaken the connection between the two variables.
| Item Type: | Thesis (Undergraduate) | ||||||||
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| Subjects: | H Social Sciences > HF Commerce > HF5601 Accounting | ||||||||
| Divisions: | Faculty of Economic and Business > Departement of Accounting | ||||||||
| Depositing User: | OLIVIA YUNITA SILALAHI | ||||||||
| Date Deposited: | 02 Sep 2026 08:08 | ||||||||
| Last Modified: | 02 Sep 2026 08:31 | ||||||||
| URI: | https://repository.upnjatim.ac.id/id/eprint/59754 |
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