PENGARUH ESG (ENVIRONMENTAL, SOCIAL, AND GOVERNANCE) TERHADAP TINGKAT PROFITABILITAS PERUSAHAAN (STUDI EMPIRIS PADA SEKTOR ENERGI YANG TERDAFTAR DI BEI PERIODE 2018-2022)
Abstract
This study aims to examine the disclosure of Environmental, Social, and Governance on the level of profitability (ROA) of energy sector companies listed on the IDX in 2018-2022. This study uses secondary data and panel data regression analysis methods with Eviews 12. The sample selection used purposive sampling method and examined data as many as 12 company samples with four years of observation. The results of this study indicate that the disclosure of Environmental, Social, and Governance has no significant effect on the level of profitability (ROA). These results indicate that the disclosure of Environmental, Social, and Governance in Indonesia is still not fully carried out and the lack of regulation from the government so that it is only considered additional information that is less considered by stakeholders in determining investment decisions in the company. So, it is recommended to companies, stakeholders and the government to consider the importance of Environmental, Social, and Governance disclosure. In this study, a robustness test was also conducted to test the robustness and see the consistency of the research results.
Keywords : Environmental Disclosure, Social Disclosure, Governance Disclosure, Profitability Level.
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