Citation:

Annisa Keysa Syabina, Helisa Noviarty, Syarif M. Helmi. "Does Carbon Performance and Company Size Affect Profitability? Exploring the Moderating Role of Women Directors in Mining Companies" International Research Journal of Economics and Management Studies, Vol. 3, No. 9, pp. 367-376, 2024.

Abstract:

This research aims to determine the effect of carbon performance and company size on company profitability and examine the role of women directors in moderating the effect of carbon performance and company size on company profitability. The population used in this study are companies in the mining sector, which are included in the category of oil, gas, and coal mining companies listed on the Indonesia Stock Exchange. The samples used in this study were 17 companies with an observation period of three years (2021-2023). The data used is secondary data obtained from the company's official website and the Indonesia Stock Exchange. The method used in this research is a quantitative method using a panel data multiple regression analysis model processed with the Eviews 12 program. The independent variables used are carbon performance and company size; the dependent variable used is company profitability proxied by Return on Assets (ROA), while the moderating variable used in this study is women directors. The findings from this study indicate that carbon performance has a negative impact on financial performance, i.e. company profitability. In addition, the study revealed that women directors have a negative impact on moderating carbon performance on profitability and company size on company profitability. However, the study successfully showed that company size has a negative impact on profitability, which is consistent with the theory of critical resources, where the larger the size of the company, the more likely it is to face operational inefficiencies.

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Keywords:

Carbon Performance, Company Profitability, Company Size, Women Directors.