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/).
Cite this article
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 -