Dampak Kinerja Keuangan atas Enviroment Social Governance (ESG) Score Pada Perusahaan Terindeks IDX ESG Leader
DOI:
https://doi.org/10.23887/jjpe.v15i2.78866Keywords:
Sustainability Report, Financial Performance, ESG ScoreAbstract
Assessment of company performance based on financial information is not sufficient for stakeholders in making decisions. Stakeholders need other information, such as non-financial information, namely economic, enviromental and social aspects contained in sustaiability reports. The aims of this research is to anylize the influence of the ESG Score on the financial performance of companies indexed by the IDX ESG Leader from 2020 to 2022. The number of samples in this research is 39 which was determined using the purposive sampling method. Data was processed using simple linear regression analysis. The results of this research show that the ESG Score influences the financial performance of companies listed on the IDX ESG Leader Index from 2020 to 2022.
References
Ahn, S. Y., & Park, D. J. (2018). Corporate Social Responsibility and Corporate Longevity: The Mediating Role of Social Capital and Moral Legitimacy in Korea. Journal of Business Ethics, 150(1), 117–134. https://doi.org/https://doi.org/10.1007/s10551-016-3161-3
Al Amosh, H., Khatib, S. F. A., & ANanzeh, H. (2022). Enviromental, Social, and Governance Impact On Financial Performance: Evidence From The Levant Countries. Corporate Governance, 23(3). https://doi.org/https://doi.org/10.1108/CG-03-2022-0105
Albarrak, M. S., Elnahass, M., & Salama, A. (2019). The Effect Of Carbon Dissemination On Cost Of Equity. Business Strategy and the Environment, 28(6), 1179–1198. https://doi.org/10.1002/bse.2310
Deephouse, D. L. (1999). To Be Different, Or To Be The Same? It’s A Question (And Theory) Of Strategic Balance. Strategic Management Journal, 20(2), 147–166. https://doi.org/https://doi.org/10.1002/(SICI)1097-0266
Eliwa, Y., Aboud, A., & Saleh, A. (2021). ESG Practices And The Cost Of Debt: EVidence From EU Countries. Critical Perspectives On Accounting, 79. https://doi.org/https://doi.org/10.1016/j.cpa.2019.102097
Fatemi, A., Glaum, M., & Kaiser, S. (2018). ESG Performance and Firm Value: The Moderating Role Of Disclosure. Global Finance Journal, 38, 45–64. https://doi.org/http://dx.doi.org/10.1016/j.gfj.2017.03.001
Husada, E. V., & Handayani, S. (2021). Pengaruh Pengungkapan ESG Terhadap Kinerja Keuangan Perusahaan (Studi Empiris Pada Perusahaan Sektor Keuangan Yang Terdaftar Di Bei Periode 2017-2019). Jurnal Bina Akuntansi, 8(2), 122–144. https://doi.org/10.52859/jba.v8i2.173
Inawati, W. A., & Rahmawati. (2023). Dampak Environmental, Social, Dan Governance (ESG) Terhadap Kinerja Keuangan. Jurnal Akademi Akuntansi, 6(2), 225–241. https://doi.org/10.22219/jaa.v6i2.26674
Lee, M. T., & Suh, I. (2022). Understanding The Effect Of Enviroment, Social, and Governance Conduct On FInancial Performance: Arguments For A Process And Integrated Modelling Approch. Sustainable Technology and Entrepreneurship, 1(1). https://doi.org/https://doi.org/10.1016/j.stae.2022.100004
Melinda, A., & Wardhani, R. (2020). The Effect Of Enviromental, SOcial, Governance, And Controversies On Firms’ Value: Evidence From Asia. International Symposia in Economic Theory and Econometrics, 27, 147–173. https://doi.org/https://doi.org/10.1108/S1571-038620200000027011
Michelon, G., Pilonato, S., & Ricceri, F. (2015). CSR Reporting Practises And Quality Of Disclosure: An Emperical Analysis. Critical Perspectives on Accounting, 33, 59–78. https://doi.org/https://doi.org/10.1016/j.cpa.2014.10.003
Minggu, A. M., Aboladaka, J., & Neonufa, G. F. (2023). Environmental, Social dan Governance (ESG) dan Kinerja Keuangan Perusahaan Publik di Indonesia. Owner: Riset & Jurnal Akuntansi, 7(2), 1186–1195. https://doi.org/10.33395/owner.v7i2.1371
Prima, B., & Dewi, H. K. (2020). Bursa Efek Indonesia Luncurkan Indeks ESG Leaders. https://investasi.kontan.co.id/news/bursa-efekindonesia-luncurkan-indeks-esg-leaders%0A
Serafeim, G. (2015). Sustainability And Shareholder Value: Integrated Reporting and Investor Clientele. Journal Of Applied Corporate Finance, 27(2), 34–51.
Sukmawijaya, A. (2022). Mulai Tahun Depan Seluruh EMiten Wajib Report ESG.
Tamimi, N., & Sebastianelli, R. (2017). Transparency Among S&P 500 Companies: An Analysis Of ESG Disclosure Scores. Management Decision, 55(8), 1660–1680.
Zahara, F. (2022). Pengungkapan Kinerja Lingkungan Sebagai Mekanisme Peningkatan Kinerja untuk Menciptakan Nilai Perusahaan. Owner: Riset Dan Jurnal Akuntansi, 6(4), 4284–4290. https://doi.org/10.33395/owner.v6i4.1086
Downloads
Published
Issue
Section
License
Copyright (c) 2024 Jurnal Pendidikan Ekonomi Undiksha
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
