Sensitivitas Industri Sebagai Moderator Pengaruh Kinerja Enviromental, Social, and Governance (ESG) Terhadap Nilai Perusahaan (Studi Kasus: Perusahaan Non-Keuangan yang Terdaftar di Bursa Efek Indonesia Periode 2014 – 2023)

PUTRI AYU NOVITASARI, . (2025) Sensitivitas Industri Sebagai Moderator Pengaruh Kinerja Enviromental, Social, and Governance (ESG) Terhadap Nilai Perusahaan (Studi Kasus: Perusahaan Non-Keuangan yang Terdaftar di Bursa Efek Indonesia Periode 2014 – 2023). Magister thesis, UNIVERSITAS NEGERI JAKARTA.

	Text COVER.pdf Download (1MB)
	Text BAB I.pdf Download (857kB)
	Text BAB II.pdf Restricted to Registered users only Download (2MB) | Request a copy
	Text BAB III.pdf Restricted to Registered users only Download (1MB) | Request a copy
	Text BAB IV.pdf Restricted to Registered users only Download (1MB) | Request a copy
	Text BAB V.pdf Restricted to Registered users only Download (422kB) | Request a copy
	Text DAFTAR PUSTAKA.pdf Download (569kB)
	Text LAMPIRAN.pdf Restricted to Registered users only Download (1MB) | Request a copy

Abstract

Penelitian ini mengkaji pengaruh kinerja Environmental, Social, and Governance (ESG) terhadap nilai perusahaan pada perusahaan non-keuangan yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2014–2023. Analisis difokuskan pada pengaruh kinerja ESG, baik secara kolektif maupun individual, serta peran moderasi sensitivitas industri. Penelitian dilakukan pada 68 perusahaan dengan total 518 observasi. Metode analisis menggunakan regresi data panel dan analisis regresi moderasi (Moderated Regression Analysis/MRA) yang diolah melalui perangkat lunak EViews 13. Hasil penelitian menunjukkan bahwa kinerja ESG, baik secara kolektif maupun individual, berdampak negatif signifikan terhadap nilai perusahaan. Namun, sensitivitas industri memoderasi hubungan ini secara positif, terutama pada sektor-sektor dengan tingkat sensitivitas lingkungan tinggi, di mana pengaruh negatif ESG cenderung melemah atau bahkan menjadi positif. Temuan ini menekankan pentingnya penerapan strategi ESG yang tepat, dengan mempertimbangkan keberlanjutan jangka panjang dan persepsi pasar. Penelitian ini memberikan kontribusi dalam memahami dinamika antara kinerja ESG dan nilai perusahaan, khususnya di sektor non-keuangan Indonesia. ***** This study examines the effect of Environmental, Social, and Governance (ESG) performance on company value among non-financial companies listed on the Indonesia Stock Exchange (IDX) during the 2014–2023 period. The analysis focuses on both the collective and individual impacts of ESG dimensions, as well as the moderating role of industry sensitivity. The study was conducted on 68 companies, comprising a total of 518 observations. Panel data regression and Moderated Regression Analysis (MRA) were employed using EViews 13 software.The results show that ESG performance, both collectively and individually, has a significant negative effect on company value. However, industry sensitivity positively moderates this relationship, particularly in sectors with high environmental sensitivity, where the negative effect of ESG performance tends to weaken or even become positive. These findings highlight the importance of implementing ESG strategies that consider long-term sustainability and market perceptions. This research contributes to the understanding of the dynamics between ESG performance and company value, especially in Indonesia’s non-financial sector.

Item Type:	Thesis (Magister)
Additional Information:	1). Prof. Dr IGKA Ulupui, S.E., Ak. M.Si. ; 2). Prof. Dr. Gatot Nazir Ahmad, M.Si.
Subjects:	Manajemen > Manajemen , Business Manajemen > Manajemen Kantor, Organisasi
Divisions:	FE > S2 Manajemen
Depositing User:	Users 28215 not found.
Date Deposited:	29 Jul 2025 04:08
Last Modified:	29 Jul 2025 04:08
URI:	http://repository.unj.ac.id/id/eprint/56885

Actions (login required)

View Item