DAMPAK ESG SCORE TERHADAP PROFITABILITAS PERUSAHAAN

Vinna Ayu Agustine, Hani Nur Angraini, Indah Masitoh Riandy, Anies Lastiati

Abstract


The development of the application of environmental, social and governance aspects for companies is increasing. This can be seen from the increasing increase in sustainable investment from many companies that pay attention to environmental, social and good governance aspects. Companies in Indonesia that are listed on the Indonesian Stock Exchange and implement environmental, social and governance practices continue to experience massive increases in resource exploitation to gain large financial profits, which can result in enormous environmental damage. This research aims to determine the influence of the environment, social and governance on company value in Indonesia. The company's profitability value is measured using Return of Assets (ROA) from 79 companies on the Indonesia Stock Exchange during 2022. The research results show that environmental, social and governance variables have a negative and significant effect on return on assets. Companies need to improve environmental, social and governance performance due to the low environmental, social and governance impacts during this research period. Improving environmental, social and governance performance is expected to improve other aspects including company performance.

Keywords: Company Value, Environmental, ESG, Governance, ROA, Social

Full Text:

PDF

References


Aydogmus, M., Gülay, G., & Ergun, K. (2022). Impact of ESG performance on firm value and profitability. Borsa Istanbul Review, 22, S119–S127. https://doi.org/10.1016/j.bir.2022.11.006

Azka, A. F., & Aisyah, N. (2024). ERPNext for Effective Budgeting: Overcoming project Financial management Challenges in System Integrator Company. adpebipublishing.com. https://doi.org/10.54099/ass.v1i1.371

Azka, A., & Ludwina, Harahap. (2023). MEMPERKUAT SISTEM PENGENDALIAN MANAJEMEN PERUSAHAAN MELALUI TATA KELOLA BAIK. TRILOGI ACCOUNTING & BUSINESS RESEARCH, 4(2). https://doi.org/10.31326/tabr.v4i2.1823

Calantone, R. J., Garcia, R., & Dröge, C. (2003). The effects of environmental turbulence on new product development strategy planning. Journal of Product Innovation Management, 20(2), 90–103. https://doi.org/10.1111/1540-5885.2002003

Fambudi, I. N., Aryati, T., Mayangsari, S. (2023). Effect of ESGDisclosure, Accrual Quality, and Asymmetric Information on Future Stock Returns with Prudence as a Moderator. Journal of Southwest Jiaotong University, 58 (5), 497 – 523. https://doi.org/10.35741/issn.0258-2724.58.5.38

Febrina, F., & Rachmawati, N. A. (2023). Diversity of Book-Tax Conformity in Asean 4: Philippines, Indonesia, Malaysia, and Singapore. Jurnal Akuntansi dan Bisnis, 23(1).

Fitria, S. M., & Novita, N. (2020). Six Sigma Sebagai Strategi Bisnis Dalam Upaya Peningkatan Kualitas Produk. Jati: Jurnal Akuntansi Terapan Indonesia, 3(1), 1- 14. https://doi.org/10.18196/jati.030121

Ghazali, A. (2022). Pengaruh Pengungkapan Environmental, Social, and Governance (ESG) Terhadap Tingkat Profitabilitas Perusahaan (Studi pada Perusahaan Sektor Infrastruktur yang Terdaftar di Bursa Efek Indonesia). Seminar Nasional Akuntansi Dan Manajemen PNJ. https://prosiding-old.pnj.ac.id/index.php/snampnj/article/view/5533

Gibson, R., Krueger, P., & Schmidt, P. (2019). ESG rating disagreement and stock returns. Social Science Research Network. https://doi.org/10.2139/ssrn.3433728

Junius, D., Adisurjo, A., Rijanto, Y. A., & Adelina, Y. E. (2020). THE IMPACT OF ESG PERFORMANCE TO FIRM PERFORMANCE AND MARKET VALUE. Jurnal Aplikasi Akuntansi, 5(1), 21–41. https://doi.org/10.29303/jaa.v5i1.84

Lastiati, A., Siregar, S. V., & Diyanty, V. (2020). Tax Avoidance and Cost of Debt: Ownership Structure and Corporate Governance. Pertanika Journal of Social Sciences & Humanities, 28(1).

Lubis, M., & Rokhim, R. (2021). The Effect of Environmental, Social, and Governance (ESG) Disclosure and Competitive Advantage on Companies Performance as An Implementation of Sustainable Economic Growth in Indonesia for Period of 2015-2019. IOP Conference Series: Earth and Environmental Science, 940. https://doi.org/10.1088/1755-1315/940/1/012059.

Malin, H. T., & Dahl, M. (n.d.). Norges teknisk-naturvitenskapelige universitet Fakultet for økonomi NTNU Handelshøyskolen The Implications of ESG Rating and ESG Uncertainty.

Margaret, K. A., Novita, N., & Azka, A. F. (2023, May 3). AUDIT TOOL AND LINKED ARCHIVE SYSTEM (ATLAS) IN IMPROVING AUDIT QUALITY. Margaret | Applied Accounting and Management Review (AAMAR). https://jurnal.polines.ac.id/index.php/AAMAR/article/view/4269/108548

Pangentas, V. D. (2023). PENGARUH PENGUNGKAPAN ENVIRONMENT, SOCIAL, GOVERNANCE (ESG) TERHADAP PROFITABILITAS PERUSAHAAN (Studi Empiris pada Perusahaan yang Terdaftar dalam Index KOMPAS 100 periode 2019-2021). Pangentas | Diponegoro Journal of Accounting. https://ejournal3.undip.ac.id/index.php/accounting/article/view/41596/30062

Rachmawati, N. A., & Martani, D. (2014). Pengaruh large positive abnormal book-tax differences terhadap persistensi laba. Jurnal Akuntansi dan Keuangan Indonesia, 11(2), 1.

Rachmawati, N. A., & Martani, D. (2017). Book-tax conformity level on the relationship between tax reporting aggressiveness and financial reporting aggressiveness. Australasian Accounting, Business and Finance Journal, 11(4), 86-101.

Rachmawati, N. A., Gani, L., & Rossieta, H. (2017). Loyalitas nasabah dan kinerja perBankan di indonesia. Jurnal Keuangan dan Perbankan, 21(1), 144-156.

Rachmawati, N. A., Ramayanti, R., & Setiawan, R. (2021). Tingkat Kesadaran dan Kesiapan Pelaku Umkm Dalam Menyusun Laporan Keuangan dan Pajak. Jurnal Akuntansi dan Bisnis, 21(2).

Rachmawati, N. A., Utama, S., & Siregar, S. V. N. P. (2020a). Persistensi Laba Antar Level Kompetisi Industri: Studi Empiris pada Perusahaan Amerika Serikat. Jurnal Akuntansi dan Bisnis, 20(1), 1-16.

Rachmawati, N. A., Utama, S., Martani, D., & Wardhani, R. (2019). Determinants of the complementary level of financial and tax aggressiveness: a cross-country study. International Journal of Managerial and Financial Accounting, 11(2), 145-166.

Rachmawati, N. A., Utama, S., Martani, D., & Wardhani, R. (2020b). Do country characteristics affect the complementary level of financial and tax aggressiveness?. Asian Academy of Management Journal of Accounting & Finance, 16(1).

Rachmawati, N. A., Utama, S., Martani, D., & Wardhani, R. (2023). Complementary level of financial and tax aggressiveness and the impact on cost of debt: A cross-country study. South African Journal of Accounting Research, 37(3), 161-176.

Ramayanti, R., Rachmawati, N. A., Azhar, Z., & Azman, N. H. N. (2023). Exploring intention and actual use in digital payments: A systematic review and roadmap for future research. Computers in Human Behavior Reports, 100348.

Sahri, N. A., & Novita. (2019). Kaizen Costing Sebagai Perbaikan Berkelanjutan Untuk Meningkatkan Keunggulan Bersaing Pada E-Commerce. Jurnal Kajian Akuntansi, 3(1), 18–43.

Soraya, L. R., & Rachmawati, N. A. (2021). Determinats Of The Amount Of Related Party Transaction: Tax Expense And Institutional Ownership. Jurnal Reviu Akuntansi Dan Keuangan, 11(1), 30-39.

Syaputra, A. R., Rahadi, R. A. (2022). How does ESG score and board structure affect financial performance? Evidence from ESG Sector Leaders IDX kehati. International Journal of Current Science Research and Review, 05(05). https://doi.org/10.47191/ijcsrr/v5-i5-33

Wahyuni, R. S., & Novita, N. (2021). COSO ERM Framework as the Basis of Strategic Planning in Islamic Banking. Jurnal Keuangan dan Perbankan, 25(1), 21-35.

Wu, Z. (2023). The analysis of the relationship between ESG and profitability of stocks by linear regression. In Proceedings of the 2022 International Conference on Mathematical Statistics and Economic Analysis (MSEA 2022) (pp. 699–703). https://doi.org/10.2991/978-94-6463-042-8_100

Zamzami, M., & Novita, N. (2021). Apakah Gemba Kaizen Mampu Meningkatkan Kinerja Nonkeuangan Perguruan Tinggi?. Jurnal Akuntansi Multiparadigma, 12(1), 207-220.




DOI: https://doi.org/10.31326/.v5i2.1994

Refbacks

  • There are currently no refbacks.