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Good corporate governance and corporate sustainability performance in Indonesia: A triple bottom line approach

机译:良好的企业治理和印度尼西亚的企业可持续发展性能:三重底线方法

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摘要

This study aims to investigate the effect of good corporate governance (GCG) on corporate sustainability performance (CSP) using the Triple Bottom Line (TBL) approach in a two-tier GCG system. GCG is measured by the size and education background of board of commissioners (BoC) and top management team (TMT). CSP consists of economic, social, and environment sustainability performance. As many as 117 sample data were collected from the financial statements, annual reports and sustainability reports of non-financial companies listed on the Indonesia Stock Exchange (IDX) for the period of 2013–2017. Multiple regression analysis was employed to test the hypotheses studied with the following results. First, BoC education has a negative effect on economic and environmental sustainability performance and no effect on social sustainability performance. Second, BoC size has a positive effect on economic sustainability performance, a negative effect on social sustainability performance and no effect on environmental sustainability performance. Third, CEO's education has a negative effect on economic sustainability performance, and no effect on environmental and social sustainability performance. Fourth, TMT size has a negative effect on economic and environmental sustainability performance and no effect on social sustainability performance. Contributions, limitations and implications of the study are also discussed.
机译:本研究旨在调查良好的公司治理(GCG)对企业可持续发展性能(CSP)的效果,使用两层GCG系统中的三层线(TBL)方法。 GCG由委员会(BOC)和顶级管理团队(TMT)的大小和教育背景来衡量。 CSP包括经济,社会和环境可持续性绩效。从2013 - 2017年期间的非金融公司(IDX)上市的财务报表,年度报告和可持续发展报告中收集了多达117个样本数据。使用多元回归分析来测试采用以下结果研究的假设。首先,BOC教育对经济和环境可持续性绩效以及对社会可持续发展绩效的影响产生了负面影响。其次,BOC规模对经济可持续性绩效具有积极影响,对社会可持续性绩效的负面影响,对环境可持续性绩效没有影响。第三,首席执行官的教育对经济可持续性绩效产生负面影响,也没有对环境和社会可持续发展绩效的影响。第四,TMT规模对经济和环境可持续性绩效以及对社会可持续发展性能的影响。还讨论了该研究的贡献,限制和影响。

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