Pengaruh Environment, Social and Governance Disclosure terhadap Kinerja Perusahaan

https://doi.org/10.35912/gaar.v1i1.1500
Published: Nov 21, 2022

Abstract:

Purpose: This study aims to empirically examine the effect of ESG disclosure on the performance of companies listed as star companies listing on the ESG market for the 2017-2021 period.

Research methodology: The approach method used is a quantitative approach. The analytical method used is descriptive statistical test, classical assumption test and multiple regression analysis test. The sample selection used was porposive sampling with the number of data samples used as many as 30.

Results: The results showed that ESG Disclosure had no effect on ROE and ESG Disclosure had a significant negative effect on Tobin's Q.

Limitations: A limitation in this study is the variables used only in the scope of performance. financial and research period and the sample used is very limited.

Contribution: This research can be used by stakeholders as consideration for making decisions as well as for academics or other researchers as reference material. This research is useful to find out empirically how the effect of ESG disclosure on company performance so that it can have a positive impact on Indonesia's economic growth.

Keywords:
1. Disclosure of ESG
2. ROE
3. Tobins
Authors:
1 . Gustin Ningwati
2 . Ratna Septiyanti
3 . Neny Desriani
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How to Cite
Ningwati, G. ., Septiyanti, R. ., & Desriani, N. . (2022). Pengaruh Environment, Social and Governance Disclosure terhadap Kinerja Perusahaan . Goodwood Akuntansi Dan Auditing Reviu, 1(1), 67–78. https://doi.org/10.35912/gaar.v1i1.1500
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Issue & Section
Vol. 1 No. 1 (2022): November
Articles
References

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    Alansori, A., et al. (2021). "Pengaruh Total Quality Management, teknologi dan budaya organisasi terhadap kinerja manajerial." Jurnal Akuntansi, Keuangan, Dan Manajemen 2(2): 129-139.

    Almajali, A. Y., Alamro, S. A., & Al-Soub, Y. Z. (2012). Factors Affecting the Financial Performance of Jordanian Insurance Companies Listed at Amman Stock Exchange. Journal of Management Research, 4(2).

    Apriada, Kadek & Sadha, Made.S. 2016. Pengaruh Struktur Kepemilikan Saham, Struktur Modal dan Profitabilitas pada Nilai Perusahaan. E-Journal Ekonomi dan Bisnis Universitas Udayana 5.2.

    Bani-Khalid, T., & Kouhy, R. (2017). The impact of national contextual factors on corporate social and environmental disclosure (CSED): The perceptions of jordanian stakeholder. International Review of Management and Business Research. 6(2)

    Brammer, S., Brooks, C. & Pavelin, S. (2006). Corporate social performance and stock returns: UK evidence from disaggregate measures. Journal Financial Management, 35(3).

    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).

    Candy, C., et al. (2022). "Fintech in the time of COVID-19: Conceptual Overview." Jurnal Akuntansi, Keuangan, Dan Manajemen 3(3): 253-262.

    Cakranegara, P. A. (2021). Investasi hijau: mengintergrasikan faktor enviromental, social dan governance dalam keputusan investasi. Jurnal Akuntansi, Keuangan, dan Manajemen, 2(2), 103-114.

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    Deegan, C. (2006). Financial Accounting Theory. McGraw-Hill Book Company.Sydney.

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    Fatemi, A., Glaum, M., & Kaiser, S. (2018). ESG performance and firm value: The moderating role of disclosure. Global Finance Journal, Vol.38.

    Fernando, L., & Surjandari, D. A. (2021). The impact of internal control, cultural control, incentives, and work discipline on employee performance (Case study in PT Lestari Jaya Raya). Annals of Management and Organization Research, 2(3), 209-223.

    Friedman, M. (1970). The Social Responsibility of Business is To Increase Its Profits. New York Times Magazine.

    Harmono. (2014). Manajemen Keuangan: Berbasis Balanced Scorecard Pendekatan Teori, Kasus dan Riset Bisnis. Jakarta: Bumi Aksara

    Jessica., & Agus, A. (2014). Pengaruh Corporate Social Responsibility Terhadap Pajak Perencanaan Agresivitas. Tinjauan Pajak & Akuntansi, 4(1)

    J.S Agung, Erna Susilawati, C. (2021). Dampak Pandemi Covid-19 Terhadap Indeks 9 Sektor Industri Di Bursa Efek Indonesia. Jurnal Ilmiah Manajemen Bisnis Dan Inovasi Universitas Sam Ratulangi, 8.

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    Oktariyani, Amanda & Meutia, Inten. 2016. Pengaruh Kinerja Keuangan, Leverage, Ukuran Perusahaan, Dan Sertifikasi Lingkungan Terhadap Kualitas Pengungkapan Lingkungan (Studi Empiris Pada Industri Pertambangan yang Terdaftar di BEI). Jurnal Penelitian dan Pengembangan Akuntansi, Vol. 10, No. 2, pp. 103-136.

    Putri, H. K. (2019). Pengaruh Environmental, Social, Governance (ESG) Disclosure terhadap Nilai Perusahaan. 16–20.

    Riwukore, Jefirstson Richset. "Pelatihan Penentuan Dimensi dan Indikator Lingkungan Kerja Eksisting di Sekretariat Daerah Pemkot Kupang." Jurnal Abdimas Multidisiplin 1.1 (2022): 51-64.

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    Woro R. S., & Dewita P. (2022). Analisis good corporate governance terhadap pengungkapan ESG di Indonesia tahun 2016-2020. Jurnal Ilmiah Akuntansi dan Keuangan. 4(10).

  1. Abelingga, D., et al. (2021). "Deteksi fraudulent financial reporting: suatu pendekatan menggunakan accrual based investment ratio dan cash based investment ratio." Jurnal Akuntansi, Keuangan, Dan Manajemen 2(2): 115-128.
  2. Alansori, A., et al. (2021). "Pengaruh Total Quality Management, teknologi dan budaya organisasi terhadap kinerja manajerial." Jurnal Akuntansi, Keuangan, Dan Manajemen 2(2): 129-139.
  3. Almajali, A. Y., Alamro, S. A., & Al-Soub, Y. Z. (2012). Factors Affecting the Financial Performance of Jordanian Insurance Companies Listed at Amman Stock Exchange. Journal of Management Research, 4(2).
  4. Apriada, Kadek & Sadha, Made.S. 2016. Pengaruh Struktur Kepemilikan Saham, Struktur Modal dan Profitabilitas pada Nilai Perusahaan. E-Journal Ekonomi dan Bisnis Universitas Udayana 5.2.
  5. Bani-Khalid, T., & Kouhy, R. (2017). The impact of national contextual factors on corporate social and environmental disclosure (CSED): The perceptions of jordanian stakeholder. International Review of Management and Business Research. 6(2)
  6. Brammer, S., Brooks, C. & Pavelin, S. (2006). Corporate social performance and stock returns: UK evidence from disaggregate measures. Journal Financial Management, 35(3).
  7. 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).
  8. Candy, C., et al. (2022). "Fintech in the time of COVID-19: Conceptual Overview." Jurnal Akuntansi, Keuangan, Dan Manajemen 3(3): 253-262.
  9. Cakranegara, P. A. (2021). Investasi hijau: mengintergrasikan faktor enviromental, social dan governance dalam keputusan investasi. Jurnal Akuntansi, Keuangan, dan Manajemen, 2(2), 103-114.
  10. Cecilia., Rambe, S., & Torong, M. Z. B. 2015. Analisis Pengaruh Corporate Sosial Resposibility, Profitabilitas dan Ukuran Perusahaan Terhadap Nilai Perusahaan pada Perusahaan Perkebunan yang Go Publik di Indonesia, Malaysia, dan Singapura. Medan. Simposium Nasional Akuntansi (SNA) XVIII.
  11. Deegan, C. (2006). Financial Accounting Theory. McGraw-Hill Book Company.Sydney.
  12. Era V. H., & Susi H. (2021). Pengaruh Pengungkapan ESG Terhadap Kinerja Keuangan Perusahaan (Studi Empiris Pada Perusahaan Sektor Keuangan Yang Terdaftar di BEI Periode 2017-2019). Jurnal Bina Akuntansi. Vol.8 No.2
  13. Fatemi, A., Glaum, M., & Kaiser, S. (2018). ESG performance and firm value: The moderating role of disclosure. Global Finance Journal, Vol.38.
  14. Fernando, L., & Surjandari, D. A. (2021). The impact of internal control, cultural control, incentives, and work discipline on employee performance (Case study in PT Lestari Jaya Raya). Annals of Management and Organization Research, 2(3), 209-223.
  15. Friedman, M. (1970). The Social Responsibility of Business is To Increase Its Profits. New York Times Magazine.
  16. Harmono. (2014). Manajemen Keuangan: Berbasis Balanced Scorecard Pendekatan Teori, Kasus dan Riset Bisnis. Jakarta: Bumi Aksara
  17. Jessica., & Agus, A. (2014). Pengaruh Corporate Social Responsibility Terhadap Pajak Perencanaan Agresivitas. Tinjauan Pajak & Akuntansi, 4(1)
  18. J.S Agung, Erna Susilawati, C. (2021). Dampak Pandemi Covid-19 Terhadap Indeks 9 Sektor Industri Di Bursa Efek Indonesia. Jurnal Ilmiah Manajemen Bisnis Dan Inovasi Universitas Sam Ratulangi, 8.
  19. Maulida N. S., &, Dwi C. U., (2020). Pengaruh Environmental, Social, Governance (Esg) Disclosure Terhadap Kinerja Perusahaan. Diponegoro Journal Of Accounting, 9(3).
  20. Melinda, A., & Wardhani, R. (2020). The Effect of Environmental, Social, Governance, and Controversies on Firms’. Value: Evidence from Asia 27.
  21. Mitnick, B. M. (1975). The theory of agency - The policing “paradox” and regulatory behavior. Public Choice,24(1), 27–42.doi:https://doi.org/10.1007/BF017184 13
  22. Nurriqli. A. Dan Sany Sofyan. 2018. Pengaruh Faktor-Faktor Fundamental Terhadap Harga Saham (Studi Pada Perusahaan Sub Sektor Pertambangan Batubara Yang Terdaftar Di Bursa Efek Indonesia Periode 2012-2015). Jurnal.Kindai, 14.
  23. Noviarianti, K. (2020). ESG: Definisi, Contoh, dan Hubungannya dengan Perusahaan. Retrieved April 22, 2021, from CESGS website: https://www.cesgs.or.id/2020/12/29/apaitu-esg/
  24. Oktariyani, Amanda & Meutia, Inten. 2016. Pengaruh Kinerja Keuangan, Leverage, Ukuran Perusahaan, Dan Sertifikasi Lingkungan Terhadap Kualitas Pengungkapan Lingkungan (Studi Empiris Pada Industri Pertambangan yang Terdaftar di BEI). Jurnal Penelitian dan Pengembangan Akuntansi, Vol. 10, No. 2, pp. 103-136.
  25. Putri, H. K. (2019). Pengaruh Environmental, Social, Governance (ESG) Disclosure terhadap Nilai Perusahaan. 16–20.
  26. Riwukore, Jefirstson Richset. "Pelatihan Penentuan Dimensi dan Indikator Lingkungan Kerja Eksisting di Sekretariat Daerah Pemkot Kupang." Jurnal Abdimas Multidisiplin 1.1 (2022): 51-64.
  27. Whitelock, V. G. (2015). Relationship between Environmental Social Governance (ESG) Management and Performance – The Role of Collaboration in the Supply Chain. In ProQuest LLC (2017). Ohio: The University of Toledo
  28. Woro R. S., & Dewita P. (2022). Analisis good corporate governance terhadap pengungkapan ESG di Indonesia tahun 2016-2020. Jurnal Ilmiah Akuntansi dan Keuangan. 4(10).