Environmental, Social, Dan Governance Disclosure Terhadap Value Perusahaan
Abstract
This research aims to assess the impact of environmental, social and governance factors on company valuation. This research utilizes a sample of mining companies listed on the Indonesia Stock Exchange in the period 2018 to 2022. Data analysis utilizes multiple regression analysis, with the independent variable represented by the ESG score and the dependent variable represented by firm value . The analysis was carried out using evwies 12. Research findings show that the implementation of Environmental and Social disclosures does not produce a statistically significant impact on company valuation. In the field of corporate affairs, it has been empirically shown that governance transparency practices have a major impact on overall company value.
References
Alya Salsabilla, N., Kusumawardani, N., & Lampung, U. (2023). Environmental Disclosure, Social Disclosure, Governance Disclosure On Financial Performance, And Moderating Effect Of Board Gender Diversity Environmental Disclosure, Social Disclosure, Governance Disclosure On Financial Performance And Board Gender Diversity As Moderation. In Management Studies and Entrepreneurship Journal (Vol. 4, Issue 4). http://journal.yrpipku.com/index.php/msej
Bashatweh, AD, Abutaber, TA, AlZu'bi, MJ, KHader, LFA, Al-Jaghbir, SA, & AlZoubi, IJ (2023). Does Environmental, Social, and Governance (ESG) Disclosure Add Firm Value? Evidence from Sharia-Compliant Banks in Jordan. Lecture Notes in Networks and Systems, 487, 585–595. https://doi.org/10.1007/978-3-031-08084-5_42
Cahyonowati Ryan Edriansyah Adhi Nur. (2023). The Influence of Environmental, Social, and Governance Disclosure on Company Value with Company Size as a Moderating Variable (Empirical Study of Non-Financial Companies on the Indonesian Stock Exchange 2019-2021). Journal Of Accounting, 12(3), 1–12.
Durlista Machillah Afany Durlista, & Wahyudi Ickhsanto. (2023). Influence_Disclosure_Environmental_Social_and_Governance. MEA Scientific Journal (Management, Economics and Accounting, 7.
Dyck, A., Lins, K.V., Roth, L., & Wagner, H.F. (2019). Do institutional investors drive corporate social responsibility? International Evidence. Journal of Financial Economics, 131(3), 693–714. https://doi.org/10.1016/j.jfineco.2018.08.013
Physics, J., Mathematics, F., Science, D., & Nature, P. (2016). MULTIPLE LINEAR REGRESSION Compiled by: I MADE YULIARA.
Ghazali, A., Financial Management Study, P., Jakarta State, P., & Financial Management Study of Jakarta State Polytechnic Jl GA Siwabessy, PD (2020). The Effect of Environmental, Social, and Governance (ESG) Disclosure on Company Profitability Levels (Study of Infrastructure Sector Companies Listed on the Indonesian Stock Exchange).
Ghozali, Imam. (2012). Multivariate Analysis Application with the IBM SPSS Program. Yogyakarta: Diponegoro University
Kartika, F., Dermawan, A., & Hudaya, F. (2023). Environmental, social, governance (ESG) disclosure in increasing the value of public companies on the Indonesian Stock Exchange. SOCIOHUMANIOR: Scientific Journal of Social Sciences and Humanities, 9(1), 29–39.https://doi.org/10.30738/sosio.v9i1.14014
Financial Services Authority Regulations. (2017). POJK No. 51 /POJK.03/2017 concerning the implementation of sustainable finance for financial service institutions, issuers and public companies. 1–15.
Qodary Hilwa Fithratul, & Tambun Sihar. (2021). The Influence of Environmental, Social, Governance (ESG) and Retention Ratio on Stock Returns with Company Value as a Moderating Variable. Journal of Economic Research, 1(2), 159–172.
Sunengsih Gede Nyoman Mindra Jaya Neneng. (2009). Regression Analysis Study with Panel Data.
Tarmuji, I., Maelah, R., & Tarmuji, NH (2016). The Impact of Environmental, Social and Governance Practices (ESG) on Economic Performance: Evidence from ESG Score. International Journal of Trade, Economics and Finance, 7(3), 67–74. https://doi.org/10.18178/ijtef.2016.7.3.501
Ulfa Rafika. (nd). Research Variables in Educational Research. Journal of Education and Islam, 342–351.
Xaviera, A., Rahman, A., Program, ), Accounting, S., Economics, F., Business, D., & Articles, P. (nd). The Influence of ESG Performance on Company Value with Company Life Cycle as Moderation: Evidence from Indonesia. Journal of Business Accounting, 16(2), 226–247.https://doi.org/10.30813/jab.v16
Bashatweh, AD, Abutaber, TA, AlZu'bi, MJ, KHader, LFA, Al-Jaghbir, SA, & AlZoubi, IJ (2023). Does Environmental, Social, and Governance (ESG) Disclosure Add Firm Value? Evidence from Sharia-Compliant Banks in Jordan. Lecture Notes in Networks and Systems, 487, 585–595. https://doi.org/10.1007/978-3-031-08084-5_42
Cahyonowati Ryan Edriansyah Adhi Nur. (2023). The Influence of Environmental, Social, and Governance Disclosure on Company Value with Company Size as a Moderating Variable (Empirical Study of Non-Financial Companies on the Indonesian Stock Exchange 2019-2021). Journal Of Accounting, 12(3), 1–12.
Durlista Machillah Afany Durlista, & Wahyudi Ickhsanto. (2023). Influence_Disclosure_Environmental_Social_and_Governance. MEA Scientific Journal (Management, Economics and Accounting, 7.
Dyck, A., Lins, K.V., Roth, L., & Wagner, H.F. (2019). Do institutional investors drive corporate social responsibility? International Evidence. Journal of Financial Economics, 131(3), 693–714. https://doi.org/10.1016/j.jfineco.2018.08.013
Physics, J., Mathematics, F., Science, D., & Nature, P. (2016). MULTIPLE LINEAR REGRESSION Compiled by: I MADE YULIARA.
Ghazali, A., Financial Management Study, P., Jakarta State, P., & Financial Management Study of Jakarta State Polytechnic Jl GA Siwabessy, PD (2020). The Effect of Environmental, Social, and Governance (ESG) Disclosure on Company Profitability Levels (Study of Infrastructure Sector Companies Listed on the Indonesian Stock Exchange).
Ghozali, Imam. (2012). Multivariate Analysis Application with the IBM SPSS Program. Yogyakarta: Diponegoro University
Kartika, F., Dermawan, A., & Hudaya, F. (2023). Environmental, social, governance (ESG) disclosure in increasing the value of public companies on the Indonesian Stock Exchange. SOCIOHUMANIOR: Scientific Journal of Social Sciences and Humanities, 9(1), 29–39.https://doi.org/10.30738/sosio.v9i1.14014
Financial Services Authority Regulations. (2017). POJK No. 51 /POJK.03/2017 concerning the implementation of sustainable finance for financial service institutions, issuers and public companies. 1–15.
Qodary Hilwa Fithratul, & Tambun Sihar. (2021). The Influence of Environmental, Social, Governance (ESG) and Retention Ratio on Stock Returns with Company Value as a Moderating Variable. Journal of Economic Research, 1(2), 159–172.
Sunengsih Gede Nyoman Mindra Jaya Neneng. (2009). Regression Analysis Study with Panel Data.
Tarmuji, I., Maelah, R., & Tarmuji, NH (2016). The Impact of Environmental, Social and Governance Practices (ESG) on Economic Performance: Evidence from ESG Score. International Journal of Trade, Economics and Finance, 7(3), 67–74. https://doi.org/10.18178/ijtef.2016.7.3.501
Ulfa Rafika. (nd). Research Variables in Educational Research. Journal of Education and Islam, 342–351.
Xaviera, A., Rahman, A., Program, ), Accounting, S., Economics, F., Business, D., & Articles, P. (nd). The Influence of ESG Performance on Company Value with Company Life Cycle as Moderation: Evidence from Indonesia. Journal of Business Accounting, 16(2), 226–247.https://doi.org/10.30813/jab.v16
Published
2023-12-11
How to Cite
HAYATI, Norma; ZORAYA, Intan.
Environmental, Social, Dan Governance Disclosure Terhadap Value Perusahaan.
REVITALISASI : Jurnal Ilmu Manajemen, [S.l.], v. 12, n. 2, p. 334-341, dec. 2023.
ISSN 2657-1684.
Available at: <https://ejournal.uniska-kediri.ac.id/index.php/Revitalisasi/article/view/4547>. Date accessed: 21 dec. 2024.
doi: https://doi.org/10.32503/revitalisasi.v12i2.4547.
Section
Articles
This work is licensed under a Creative Commons Attribution 4.0 International License.
This work is licensed under a Creative Commons Attribution 4.0 International License
