The Impact of Managerial Ownership on Sustainability Accounting

DOI

10.2991/assehr.k.210424.015How to use a DOI?

Keywords

sustainability accounting, free cash flow, managerial ownerships, social-environment sustainability

Abstract

The purpose of this research was to examine the effect of company ownership on the use of funds for sustainability accounting purposes. Hypothesis testing is conducted to determine the role of company ownership concerning the company’s strategic objectives through environmental-social accounting financing. The analysis method uses pure-moderated regressions analysis. The research data uses the company’s financial statement data listed on the Indonesia Stock Exchange and the 2015-2019 Corporate Performance Appraisal Program in Environmental Management – Gold Class (Gold PROPER). The results of the study explain that managerial ownership has a positive and significant effect on sustainability accounting. The existence of managerial ownership has an important role in intervening in the use of free cash flow for the benefit of social-environmental sustainability. Free cash flow is not only used for the benefit of returns from shareholders but is also used for the benefit of social-environmental sustainability as a strategic decision of the company.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Donny Teguh Santoso Junias
AU  - Raden Setyo Budi Suharto
AU  - Meyulinda Aviana Elim
PY  - 2021
DA  - 2021/04/26
TI  - The Impact of Managerial Ownership on Sustainability Accounting
BT  - Proceedings of the International Conference on Applied Science and Technology on Social Science (ICAST-SS 2020)
PB  - Atlantis Press
SP  - 72
EP  - 75
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.210424.015
DO  - 10.2991/assehr.k.210424.015
ID  - Junias2021
ER  -