THE EFFECT OF ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG) DISCLOSURE ON THE COMPANY'S MARKET VALUE IN INDONESIA
This study aims to analyze the effect of Environment, Social Governance (ESG) disclosures on the market value of companies in Indonesia during the COVID-19 pandemic. The sample consists of Indonesian companies listed in the SRI-KEHATI index for 2020-2021. The data was taken from Bloomberg and then...
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| Format: | Article |
| Language: | English |
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Universitas Trunojoyo Madura
2023-08-01
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| Series: | Jurnal Pamator |
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| Online Access: | https://journal.trunojoyo.ac.id/pamator/article/view/19923 |
| _version_ | 1797400938241064960 |
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| author | Atika Kusuma Dewi |
| author_facet | Atika Kusuma Dewi |
| author_sort | Atika Kusuma Dewi |
| collection | DOAJ |
| description | This study aims to analyze the effect of Environment, Social Governance (ESG) disclosures on the market value of companies in Indonesia during the COVID-19 pandemic. The sample consists of Indonesian companies listed in the SRI-KEHATI index for 2020-2021. The data was taken from Bloomberg and then analyzed using the regression model. The findings show that ESG disclosure has a significant effect on the company's market value. The results of this study add new evidence to previous findings about the effect of information disclosure, especially related to the environment, social and governance and confirm the signaling theory. The implications of this research are expected to provide investors with material considerations in determining investment. In addition, disclosure of ESG which has a positive influence on market value is expected to contribute to increasing the application of sustainability aspects in the business world in Indonesia. This study has several limitations, namely limited access to websites providing ESG disclosure score data. In addition, the variables used to look at market value factors only use ESG, which based on the results of data processing, there are more than 80% of other factors that can affect market value. |
| first_indexed | 2024-03-09T02:02:43Z |
| format | Article |
| id | doaj.art-4bfaa6d8cdbd4820832f10f6c380a4b4 |
| institution | Directory Open Access Journal |
| issn | 1829-7935 2654-7856 |
| language | English |
| last_indexed | 2024-03-09T02:02:43Z |
| publishDate | 2023-08-01 |
| publisher | Universitas Trunojoyo Madura |
| record_format | Article |
| series | Jurnal Pamator |
| spelling | doaj.art-4bfaa6d8cdbd4820832f10f6c380a4b42023-12-08T03:32:04ZengUniversitas Trunojoyo MaduraJurnal Pamator1829-79352654-78562023-08-0116360861910.21107/pamator.v16i3.199237873THE EFFECT OF ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG) DISCLOSURE ON THE COMPANY'S MARKET VALUE IN INDONESIAAtika Kusuma Dewi0Magister Akuntansi, Universitas DiponegoroThis study aims to analyze the effect of Environment, Social Governance (ESG) disclosures on the market value of companies in Indonesia during the COVID-19 pandemic. The sample consists of Indonesian companies listed in the SRI-KEHATI index for 2020-2021. The data was taken from Bloomberg and then analyzed using the regression model. The findings show that ESG disclosure has a significant effect on the company's market value. The results of this study add new evidence to previous findings about the effect of information disclosure, especially related to the environment, social and governance and confirm the signaling theory. The implications of this research are expected to provide investors with material considerations in determining investment. In addition, disclosure of ESG which has a positive influence on market value is expected to contribute to increasing the application of sustainability aspects in the business world in Indonesia. This study has several limitations, namely limited access to websites providing ESG disclosure score data. In addition, the variables used to look at market value factors only use ESG, which based on the results of data processing, there are more than 80% of other factors that can affect market value.https://journal.trunojoyo.ac.id/pamator/article/view/19923esg disclosure, market value, pandemic, business, statistical analysis, market analysis |
| spellingShingle | Atika Kusuma Dewi THE EFFECT OF ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG) DISCLOSURE ON THE COMPANY'S MARKET VALUE IN INDONESIA Jurnal Pamator esg disclosure, market value, pandemic, business, statistical analysis, market analysis |
| title | THE EFFECT OF ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG) DISCLOSURE ON THE COMPANY'S MARKET VALUE IN INDONESIA |
| title_full | THE EFFECT OF ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG) DISCLOSURE ON THE COMPANY'S MARKET VALUE IN INDONESIA |
| title_fullStr | THE EFFECT OF ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG) DISCLOSURE ON THE COMPANY'S MARKET VALUE IN INDONESIA |
| title_full_unstemmed | THE EFFECT OF ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG) DISCLOSURE ON THE COMPANY'S MARKET VALUE IN INDONESIA |
| title_short | THE EFFECT OF ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG) DISCLOSURE ON THE COMPANY'S MARKET VALUE IN INDONESIA |
| title_sort | effect of environmental social and governance esg disclosure on the company s market value in indonesia |
| topic | esg disclosure, market value, pandemic, business, statistical analysis, market analysis |
| url | https://journal.trunojoyo.ac.id/pamator/article/view/19923 |
| work_keys_str_mv | AT atikakusumadewi theeffectofenvironmentalsocialandgovernanceesgdisclosureonthecompanysmarketvalueinindonesia AT atikakusumadewi effectofenvironmentalsocialandgovernanceesgdisclosureonthecompanysmarketvalueinindonesia |