The Impact of Debt Rating Mediation on ESG Scores and Corporate Debt Costs in Indonesia for the Period 2018 - 2023

Authors

  • Rifqi Satria Dinandra Program Studi Magister Manajemen Keuangan, Fakultas Ekonomi dan Bisnis, Universitas Indonesia
  • Zuliani Dalimunthe Program Studi Magister Manajemen Keuangan, Fakultas Ekonomi dan Bisnis, Universitas Indonesia

DOI:

https://doi.org/10.38035/dijefa.v5i3.2800

Keywords:

ESG Performance, Ratings, SOE Status, Decarbonization

Abstract

This study aims to determine the impact of debt rating mediation on ESG scores and corporate debt costs in Indonesia for the period 2018 – 2023. This research falls under quantitative research with data collection consisting of secondary data available to the public (Indonesia Stock Exchange) and Refinitiv. The type of data used is cross-sectional data. The sample in this study comprises 235 bond data points from 22 companies listed on the Indonesia Stock Exchange, issued between 2018 and 2023. The type of data used is cross-sectional data. The research findings indicate that ESG score performance, debt ratings, state-owned enterprise status, and decarbonization acceleration regulations influence corporate debt costs. Additionally, debt ratings fully mediate the relationship between ESG scores and corporate debt costs.

References

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Published

2024-07-25

How to Cite

Rifqi Satria Dinandra, & Zuliani Dalimunthe. (2024). The Impact of Debt Rating Mediation on ESG Scores and Corporate Debt Costs in Indonesia for the Period 2018 - 2023. Dinasti International Journal of Economics, Finance &Amp; Accounting, 5(3), 1418–1428. https://doi.org/10.38035/dijefa.v5i3.2800

Issue

Vol. 5 No. 3 (2024): Dinasti International Journal of Economics, Finance & Accounting (July - August 2024)

Section

Articles

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Copyright (c) 2024 Rifqi Satria Diandra, Zuliani Dalimunthe

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