Sumarno, Devi Cheilsa and Assoc. Prof. Dr. Wuryan Andayani,, M.Si., Ak and Yeney Widya Prihatiningtias,, M.S.A., D.B.A, Ak (2023) Pengaruh Risiko Environmental, Social and Governance (ESG) Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Mediasi. Magister thesis, Universitas Brawijaya.
Abstract
Sumarno, Devi Cheilsa. Program Magister Akuntansi, Pascasarjana Fakultas Ekonomi dan Bisnis Universitas Brawijaya. Juli 2023. Pengaruh Risiko Environmental, Social and Governance (ESG) Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Mediasi. Ketua Komisi Pembimbing: Wuryan Andayani, Anggota Komisi Pembimbing: Yeney Widya Prihatiningtias. Penelitian ini bertujuan untuk menganalisis dan menguji pengaruh risiko ESG terhadap nilai perusahaan yang dimediasi oleh profitabilitas. Penelitian kuantitatif ini menggunakan data sekunder dan pengujiannya menggunakan path analysis. Sampel dalam penelitian ini adalah perusahaan yang memublikasikan atau menampilkan nilai risiko ESG secara lengkap di Bursa Efek Indonesia (BEI) pada tahun 2021-2022. Hasil penelitian menunjukkan bahwa risiko ESG tidak memiliki pengaruh terhadap nilai perusahaan. Hal ini mengindikasikan bahwa peforma ESG perusahaan masih belum cukup kuat untuk memberikan dampak terhadap nilai perusahaan secara langsung dikarenakan masih kurangnya pemahaman investor terhadap risiko ESG yang dimiliki oleh perusahaan. Namun, hasil penelitian membuktikan bahwa profitabilitas dapat memediasi hubungan risiko ESG terhadap nilai perusahaan. Hasil tersebut menyiratkan bahwa investor lebih mempertimbangkan kinerja keuangan dalam memilih perusahaan untuk pengambilan keputusan investasinya pada pasar modal.
English Abstract
Sumarno, Devi Cheilsa. Master Program in Accounting, Faculty of Economics and Business, Universitas Brawijaya. July 2023. The Effects of Environmental, Social and Governance (ESG) Risks on Firm Value with Profitability as the Mediating Variable. Head of Advisory Commission: Wuryan Andayani, Member of Advisory Commission: Yeney Widya Prihatiningtias. The objective of this research is to analyze and assess the effects of environmental, social, and governance (ESG) on firm value with the mediation of profitability. This quantitative research uses secondary data, which was assessed using path analysis. The research samples are companies who have completely published their environmental, social, and governance risk in the Indonesia Stock Exchange during the 2021-2022 period. This study finds that the environmental, social, and governance performance of the companies was not robust enough to affect firm value directly due to investors’ poor understanding about the companies’ environmental, social, and governance risk and that profitability mediates the effects of environmental, social, and governance risk on firm value. These findings imply that investors must consider more about financial performance in selecting companies for their investments in the capital market.
| Item Type: | Thesis (Magister) |
|---|---|
| Identification Number: | :0523020038 |
| Uncontrolled Keywords: | Risiko Environmental, Social and Governance (ESG), Nilai Perusahaan, Profitabilitas,Environmental, Social, and Governance (ESG) Risk, Firm Value, Profitability. |
| Subjects: | 600 Technology (Applied sciences) > 657 Accounting |
| Divisions: | S2/S3 > Magister Akuntansi, Fakultas Ekonomi dan Bisnis |
| Depositing User: | Nur Cholis |
| Date Deposited: | 21 Sep 2023 04:16 |
| Last Modified: | 21 Sep 2023 04:16 |
| URI: | http://repository.ub.ac.id/id/eprint/203132 |
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