The Impact of CSR, GCG, and Leverage on the Financial Performance of Energy Sector Companies Listed on the Indonesia Stock Exchange (IDX) for the 2022–2024 Period

Abstract

This study was conducted to examine the effects of Corporate Social Responsibility (CSR), Good Corporate Governance (GCG), and Leverage on the financial performance of energy companies listed on the Indonesia Stock Exchange during the 2022–2024 period. This study employed a quantitative method based on secondary data. The sample was selected using purposive sampling, resulting in a sample size of 67. The results of this study indicate that the variables Corporate Social Responsibility (CSR) and Good Corporate Governance (GCG) do not have an effect on financial performance, while leverage does have an effect on financial performance. The significance value for Corporate Social Responsibility (CSR) is 0.332, which is greater than 0.05. The significance value for Good Corporate Governance (GCG) is 0.732, which is greater than 0.05, and the significance value for leverage is 0.001, which is less than 0.05. The Coefficient of Determination is 15.4%, indicating that financial performance can be linked to the variables Corporate Social Responsibility (CSR), Good Corporate Governance (GCG), and Leverage, while the remaining 84.6% is explained by other variables outside the scope of this study.

Keywords: Corporate Social Responsibility, Financial Performance, Good Corporate Governance, Leverage