JEFMS Journal

ABSTRACT:

The purpose of this study was to see the effect of the things above and then the variables used in this study were independent variables consisting of environmental performance, sustainable development, and diversity of the board which is a novelty from previous research studies. While the dependent variable is the cost of debt. This research was conducted by collecting data from 23 state-owned companies in Indonesia that were listed on the Indonesia Stock Exchange over a period of 10 years (2013-2022). Then the result of corporate environmental performance is negative with the Cost of Debt, Corporate Sustainable is positively significant with the Cost of Debt, Corporate Sustainable with Corporate Environmental Performance is positively significant with the Cost of Debt, and Board Diversity is negative with the Cost of Debt.

KEYWORDS:

Board Diversity, Cost of Debt, Environmental Performance, and Sustainable Development Performance

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