The Role of Corporate Sustainability Report (CSR) in Mediating the Effect of Efficiency and Leverage Strategies on the Financial Performance of PT Wijaya Karya Tbk (Study: IDX-Indexed Infrastructure Companies for the 2020-2024 Period)

Deva Ayu Setyani; Suci Atiningsih

doi:10.63922/ijebir.v5i03.3590

Deva Ayu Setyani Accounting Study Program, BPD University of Central Java
Suci Atiningsih Accounting Study Program, BPD University of Central Java

DOI: https://doi.org/10.63922/ijebir.v5i03.3590

Keywords: Efficiency Strategy, Leverage, Corporate Sustainability Report, Financial Performance, Infrastructure Companies.

Abstract

This study aims to analyze the role of Corporate Sustainability Reports (CSR) in mediating the influence of Efficiency and Leverage Strategies on a company's Financial Performance. The population in this study includes all infrastructure sector companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 research period, which is based on the established criteria totaling 47 companies. Meanwhile, the number of samples used after the selection process and removal of outliers was 225 observation data. This calculation was derived from 47 companies over 5 years (2020–2024), so the total initial data was 235, but after testing and removing 10 data, 225 research samples remained. The research objects were infrastructure companies indexed on the Indonesia Stock Exchange with a focus on infrastructure companies during the 2020–2024 period in Indonesia. This study used a quantitative approach by using secondary data obtained from annual financial reports and company sustainability reports. The sampling technique used was purposive sampling, namely sample selection based on certain criteria in accordance with the research objectives. This study found that efficiency strategies (BOPO) had no significant effect on financial performance, while leverage (DER) had a negative and significant effect. Corporate Sustainability Report (CSR) disclosure positively impacted financial performance. CSR also acts as a mediator, strengthening the effect of leverage on financial performance. Overall, financial risk management and sustainability are crucial for improving the performance of infrastructure companies.

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