PENGARUH PENGUNGKAPAN ENVIRONMENTAL, SOCIAL, AND GOVERNANCE DAN KINERJA KEUANGAN TERHADAP NILAI PERUSAHAAN

NUR FARIDAH, . (2026) PENGARUH PENGUNGKAPAN ENVIRONMENTAL, SOCIAL, AND GOVERNANCE DAN KINERJA KEUANGAN TERHADAP NILAI PERUSAHAAN. Sarjana thesis, UNIVERSITAS NEGERI JAKARTA.

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Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh Environmental, Social, and Governance (ESG) Disclosure dan kinerja keuangan terhadap nilai perusahaan. ESG Disclosure diproksikan dengan aspek Environmental, Social, dan Governance, sedangkan kinerja keuangan diproksikan dengan Return of Assets (ROA), Current Ratio (CR), dan Debt to Equity Ratio (DER). Nilai perusahaan diukur menggunakan Tobin’s Q. Penelitian ini menggunakan metode kuantitatif dengan data sekunder berupa laporan tahunan dan laporan keberlanjutan perusahaan yang terdaftar dalam IDX ESG Leaders periode 2020-2024. Sampel ditentukan menggunakan purposive sampling, sehingga diperoleh 17 dengan 85 observasi. Setelah dilakukan outlier treatment menggunakan metode standardized residual, tiga observasi dikeluarkan sehingga data akhir menjadi 82 observasi (unbalanced panel). Analisis dilakukan menggunakan regresi data panel Fixed Effect Model (FEM) dan White Diagonal Robust Standard Error menggunakan Eviews 13. Hasil penelitian menunjukkan bahwa secara simultan ESG Disclosure dan kinerja keuangan berpengaruh signifikan terhadap nilai perusahaan. Secara parsial, aspek Environmental, Social, dan CR tidak berpengaruh, sedangkan Governance dan DER berpengaruh negatif serta ROA berpengaruh positif terhadap nilai perusahaan. Temuan ini menunjukkan bahwa profitabilitas menjadi faktor utama dalam meningkatkan nilai perusahaan, sementara pengungkapan tata kelola dan tingginya leverage belum mampu meningkatkan persepsi investor. ***** This study aims to analyze the impact of Environmental, Social, and Governance (ESG) Disclosure and financial performance on firm value. ESG Disclosure is proxied bt environmental, social, and governance aspects, while financial performance is proxied by Return on Assets (ROA), Current Ratio (CR), and Debt to Equity Ratio (DER). Firm value is measured using Tobin’s Q. This study employs a quantitative method using secondary data in the form of annual reports and sustainability reports from companies listed in the IDX ESG Leaders index for the 2020-2024 period. The sample was selected using purposive sampling, resulting in 17 companies with 85 observations. After outlier treatment using the standardized residual method, three observations were excluded, leaving a final dataset of 82 observations (unbalanced panel). The analysis was conducted using a Fixed Effect Model (FEM) panel regression with White Diagonal Robust Standard Error in Eviews 13. The results show that, simultaneously, ESG disclosure and financial performance have a significant effect on firm value. When considered separately, the environmental, social, and CR aspects have no effect, while the governance and DER have a negative effect, and ROA has a positive effect on firm value. The research findings indicate that profitability is the primary factor in increasing firm value, whereas corporate governance and high leverage levels have not yet been able to improve investor’s perception of firm value.

Item Type:	Thesis (Sarjana)
Additional Information:	1). Dr. Etty Gurendrawati, M.Si,Ak.; 2). Tri Hesti Utaminingtyas, SE., M.SA.
Subjects:	Ilmu Sosial > Keuangan
Divisions:	FE > S1 Akuntansi
Depositing User:	Nur Faridah .
Date Deposited:	20 Aug 2026 01:31
Last Modified:	20 Aug 2026 01:31
URI:	http://repository.unj.ac.id/id/eprint/72412

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