DAMPAK LINGKUNGAN, SOSIAL, DAN TATA KELOLA TERHADAP KINERJA KEUANGAN PERUSAHAAN PUBLIK DI BURSA EFEK INDONESIA TAHUN 2018-2022

Authors

  • Silvi Nur Rohma Universitas Tidar
  • Dewi Purnama Sari Universitas Tidar
  • Yesica Apriliana Paska Universitas Tidar
  • Nabila Rizki Amalia Universitas Gadjah Mada

DOI:

https://doi.org/10.37478/als.v16i01.7657

Abstract

The purpose of this research is to examine how Environmental, Social, and Governance (ESG) disclosure affects business financial performance. This study examines financial performance using Return on Assets (ROA) data. Thomson Reuters provides ESG score data. The study population consists of companies listed on the Indonesia Stock Exchange with complete ESG data from 2018 to 2022. The sample was selected using a purposive sampling strategy, and hypothesis testing was conducted using multiple linear regression analysis. The final sample size for this study was 38 companies, based on the selection criteria. The findings indicate that ESG disclosure has a beneficial and significant impact on corporate financial performance. When considered individually, each ESG pillar (environmental, social, and governance) has a significant impact on ROA. This study suggests that promoting environmental responsibility, social responsibility, and effective corporate governance can improve financial performance. Furthermore, the study shows that ESG has a stronger impact on ROA in larger organizations

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Keywords:

ESG Disclosures, Financial Performance, Return on Assets, Indonesian Stock Exchange, Enterprise Social Governance

References

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Published

2023-09-30 — Updated on 2026-03-30

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How to Cite

Rohma, S. N., Sari, D. P., Paska, Y. A., & Amalia, N. R. (2026). DAMPAK LINGKUNGAN, SOSIAL, DAN TATA KELOLA TERHADAP KINERJA KEUANGAN PERUSAHAAN PUBLIK DI BURSA EFEK INDONESIA TAHUN 2018-2022. ANALISIS, 16(01), 31-45. https://doi.org/10.37478/als.v16i01.7657 (Original work published September 30, 2023)

Issue

Vol. 16 No. 01 (2026): ANALISIS VOLUME 16 NO. 01 TAHUN 2026

Section

Articles

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Copyright (c) 2026 Silvi Nur Rohma, Dewi Purnama Sari, Yesica Apriliana Paska, Nabila Rizki Amalia

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