Pengaruh Pengungkapan Environmental, Social, dan Governance terhadap Kinerja Perusahan
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Mar 1, 2023
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Abstract
Tujuan penelitian ini adalah untuk menguji dan menganalisis pengaruh pengungkapan environmental, social, dan governance (ESG) terhadap kinerja perusahaan, dengan menggunakan indikator kinerja perusahaan terdiri dari kinerja operasional, kinerja keuangan, dan kinerja pasar. Populasi penelitian ini adalah perusahaan sektor pertambangan yang terdaftar di Bursa Efek Indonesia (BEI) periode 2017-2021, dimana 10 perusahaan diantaranya memenuhi kriteria purposive sampling penelitian. Metode analisis data dalam penelitian ini mengggunakan analisis regresi linier berganda, untuk tiga model regresi model ROA, model ROE, dan model TOBINQ. Berdasarkan hasil analisis penelitian menunjukkan bahwa pengungkapan environmental, social, dan governance (ESG) berpengaruh terhadap kinerja operasional dan kinerja pasar perusahaan. Tetapi, pengungkapan environmental, social, dan governance (ESG) tidak berpengaruh terhadap kinerja keuangan perusahaan. Pengungkapan environmental, social, dan governance (ESG) dapat meningkatkan profitabilitas perusahaan sehingga menarik perhatian stakeholders, meskipun dalam upaya pengungkapan informasi memerlukan biaya lebih.
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NisaA., TitisariK., & MasitohE. (2023). Pengaruh Pengungkapan Environmental, Social, dan Governance terhadap Kinerja Perusahan. Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah, 5(5), 2400-2411. https://doi.org/10.47467/alkharaj.v5i5.3410
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References
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Aboud, A., & Diab, A. (2018). The impact of social, environmental and corporate governance disclosures on firm value: Evidence from Egypt. Journal of Accounting in Emerging Economies, 8(4), 442–458. https://doi.org/10.1108/JAEE-08-2017-0079
Alareeni, B. A., & Hamdan, A. (2020). ESG impact on performance of US S&P 500-listed firms. Corporate Governance (Bingley), 20(7), 1409–1428. https://doi.org/10.1108/CG-06-2020-0258
Almeyda, R., & Darmansyah, A. (2019). The Influence of Environmental, Social, and Governance (ESG) Disclosure on Firm Financial Performance. IPTEK Journal of Proceedings Series, 0(5), 278. https://doi.org/10.12962/j23546026.y2019i5.6340
Benanda, E., & Parasetya, M. T. (2021). Analisis Pengaruh Tata Kelola Corporate Social Responsibility dan Kinerja Corporate Sosial Responsibility Berorientasi Lingkungan dan Sosial Terhadap Kinerja Keuangan Perusahaan. Diponegoro Journal of Accounting, 10(4), 1–15. http://ejoournal-s1.undip.ac.id/indes.php/accounting
Buallay, A. (2019). Is sustainability reporting (ESG) associated with performance? Evidence from the European banking sector. Management of Environmental Quality: An International Journal, 30(1), 96–115. https://doi.org/10.1108/MEQ-12-2017-0149
Ghazali, A., & Zulmaita. (2020). Pengaruh Pengungkapan Environmental, Social, and Governance (ESG) Terhadap Tingkat Profitabilitas Perusahaan (Studi pada Perusahaan Sektor Infrastruktur yang Terdaftar di Bursa Efek Indonesia). Prosiding SNAM PNJ.
Halper, J., Bussiere, S., & Shriver, T. (2022). Asset Management Industry Confronts the Challenges Presented by Climate Change Transition. Harvard Law School Forum on Corporate Governance. https://corpgov.law.harvard.edu/2022/02/28/asset-management-industry-confronts-the-challenges-presented-by-climate-change-transition/
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
Junius, D., Adisurjo, A., Rijanto, Y. A., & Adelina, Y. E. (2020). The Impact of ESG Performance to Firm Performance. Jurnal Aplikasi Akuntansi, 5(1), 21–41.
Kim, S., & Li, Z. (2021). Understanding the impact of esg practices in corporate finance. Sustainability (Switzerland), 13(7), 1–15. https://doi.org/10.3390/su13073746
Ladyve, G. M., Ask, N. S., & Mawardi, M. C. (2020). Pengaruh Kinerja lingkungan, Biaya Lingkungan, dan Ukuran Perusahaan Terhadap Kinerja Keuangan Perusahaan Yang Terdaftar di Bursa Efek Indonesia Tahun 2015-2018. E-Jra, 09(06), 53–72.
Lucia, C. De, Pazienza, P., & Bartlett, M. (2020). Does Good ESG Lead to Better Financial Performances by Firms ? Machine Learning and Logistic Regression Models of Public Enterprises in Europe. Sustainability, 12(5317), 1–26. https://doi.org/10.3390/su12135317
Maryanti, E., & Fithri, W. N. (2017). Corporate Social Responsibilty, Good Corporate Governance, Kinerja Lingkungan Terhadap Kinerja Keuangan Dan Pengaruhnya Pada Nilai Perusahaan. Journal of Accounting Science, 1(1), 21–37. https://doi.org/10.21070/jas.v1i1.773
Mohammad, W. M. W., & Wasiuzzaman, S. (2021). Environmental, Social and Governance (ESG) disclosure, competitive advantage and performance of firms in Malaysia. Cleaner Environmental Systems, 2(September 2020), 100015. https://doi.org/10.1016/j.cesys.2021.100015
Ruan, L., & Liu, H. (2021). Environmental, social, governance activities and firm performance: evidence from China. Sustainability (Switzerland), 13(2), 1–16. https://doi.org/10.3390/su13020767
Safriani, M. N., & Utomo, D. C. (2020). Pengaruh Environmental, Social, Governance (ESG) Disclosure terhadap Kinerja Perusahaan. Diponegoro Journal of Accounting, 9(3), 1–11. http://ejournal-s1.undip.ac.id/index.php/accounting
Sandberg, H., Alnoor, A., & Tiberius, V. (2022). Environmental, social, and governance ratings and financial performance: Evidence from the European food industry. Business Strategy and the Environment, September, 1–19. https://doi.org/10.1002/bse.3259
Triyani, A., Setyahuni, S. W., & Kiryanto. (2020). The Effect Of Environmental, Social and Governance (ESG) Disclosure on Firm Performance: The Role of Ceo Tenure. Jurnal Reviu Akuntansi dan Keuangan, 10(2), 261. https://doi.org/10.22219/jrak.v10i2.11820
Velte, P. (2017). Does ESG performance have an impact on financial performance? Evidence from Germany. Journal of Global Responsibility, 8(2), 169–178. https://doi.org/10.1108/JGR-11-2016-0029
Zahroh, B. M., & Hersugondo. (2021a). Pengaruh Kinerja Environmental, Social, dan Governance Terhadap Kinerja Keuangan dengan Kekuatan CEO sebagai Variabel Moderasi. journal of management ISSN (Online): 2337-3792, 10(2), 1–12. https://doi.org/10.21512/becossjournal.v4il.7797
Zahroh, B. M., & Hersugondo. (2021b). The Effect of ESG Performance on The Financial Performance of Manufacturing Companies Listed in The Indonesian. AFEBI Management and Business Review, 6(2), 129. https://doi.org/10.47312/ambr.v6i2.475
Zainab, A., & Burhany, D. I. (2020). Biaya Lingkungan , Kinerja Lingkungan , dan Kinerja Keuangan pada Perusahaan Manufaktur. Industrial Research Workshop and National Seminar, 11(1), 992–998.