The Effect of Sustainability Reporting on Firm Value with Gender Diversity of The Board of Directors as a Moderator Variable

Silfani, Finda Mey (2025) The Effect of Sustainability Reporting on Firm Value with Gender Diversity of The Board of Directors as a Moderator Variable. Paradoks: Jurnal Ilmu Ekonomi, 9 (1). pp. 339-347. ISSN 2622-6383 (Submitted)

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Abstract

This inquiry examines the Indonesian banking sector from 2021 to 2024 and assesses whether board gender composition affectsthe financial implications of sustainability reporting. Methodologically, the study leverages SmartPLS 4 to conduct Structural Equation Modeling (SEM). The empirical results indicate that sustainability reporting, when viewed in isolation, does not materially affect corporate market performance. More critically, the analysis identifies a distinct dampening effect: increased gender diversity on boards appears to attenuate the association between sustainability disclosures and firm value. These outcomes lend empirical weight to the ‘over-monitoring’ hypothesis rooted in Agency Theory. From a managerial standpoint, the findings suggest that banking entities must carefully calibrate their disclosure mechanisms; otherwise, markets may misinterpret rigorous board oversight as an impediment to value creation rather than a safeguard.

Item Type:	Article
Uncontrolled Keywords:	sustainability reporting; firm value; gender diversity;board of directors.
Subjects:	Economic And Business > Accounting Economic And Business
Divisions:	Faculty of Economic and Business > Accounting Study Program Library of Congress Subject Areas > Accounting Study Program Accounting Study Program
Depositing User:	Finda Mey Silfani
Date Deposited:	12 Jun 2026 02:11
Last Modified:	12 Jun 2026 02:11
URI:	http://eprints.umg.ac.id/id/eprint/16183

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