The influence of environmental performance, board gender diversity, and corporate reputation on financial performance with firm size as a moderating variable

Saputra, David and Yuniningsih, Yuniningsih (2025) The influence of environmental performance, board gender diversity, and corporate reputation on financial performance with firm size as a moderating variable. World Journal of Advanced Research and Reviews, 26 (3). pp. 183-195. ISSN 2581-9615

This study aims to explore and analyze the influence of environmental performance, board gender diversity, and corporate reputation on financial performance, with firm size as a moderating variable. The research objects include companies in the oil, gas, and coal subsector as well as the agricultural food products industry listed on the Indonesia Stock Exchange (IDX) during the 2020–2023 period. The population consists of all companies within these subsectors and industries. Using purposive sampling techniques, a sample of 15 companies that met the research criteria was obtained. Data analysis was conducted using the SEM-PLS method with the SmartPLS 3.0 software. The results show that environmental performance and board gender diversity have a positive but not significant effect on financial performance. Meanwhile, corporate reputation has a positive and significant effect on financial performance. The role of firm size as a moderating variable does not show a significant influence in strengthening or weakening the relationship between the three independent variables and financial performance. This study implies that companies should maintain and enhance their reputation, optimize the potential of gender diversity at the board level, and improve their environmental performance in order to sustainably boost financial performance, regardless of company size.