Did Environmental Awareness affect Total Investment Funds from Food and Beverage Company Capital Market? 1Irvan Pratama Saputra, 2*Habiburochman, 3Yenni Fayanni, 4Yuni Shara, 5Fanda Daisy Prully Rundengan, akhmad Kusuma Wardhana6
1,2,3,4,5Department of Accounting, Faculty of Economics and Business, Airlangga University (60286), Indonesia
6Faculty of Environmental Management, Prince of Songkla University
Abstract
Background
Third-party funds through the capital market are financial support for development
Purpose
Observing the influence of auditor independence, the proportion of female board members, total liabilities, and debt moderated by environmental scores on total investment funds from the capital market.
Method
This study used secondary data downloaded from OSIRIS and Bloomberg from food and beverage companies in Indonesia. The duration of the data starts from 2017-2022. The data was analyzed using the moderated regression analysis method. The software used is Stata version 25
Results
The influence of board independence, independent auditor, and total liabilities and debt have a positive effect on total investment funds from the capital market. However, after being moderated by environmental awareness, board independence, and independent auditor did not affect a total of investment funds in companies of food and beverages in Indonesia. Environmental awareness weakens these independent variables on the dependent variable.
Novelty
There has been no research within the scope of Indonesia that discusses the role of environmental concern in the amount of investor funds from the capital market for national-scale food and beverage companies.
Practical Implications
It is hoped that this can be a reference for the trade department to implement regulations regarding the importance of environmental awareness in various companies that will issue their shares on the capital market.
