Hubungan ESG Disclosure dengan Kinerja Keuangan Perusahaan Berperingkat PROPER di Indonesia

*Ryko Ardiansyah  -  Program Studi Manajemen, Universitas Diponegoro, Indonesia
Hersugondo Hersugondo  -  Departemen Manajemen, Fakultas Ekonomika dan Bisnis, Universitas Diponegoro, Indonesia

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Abstract

Abstract

This research looks at how the performance of companies with PROPER ratings on the Indonesia Stock Exchange (BEI) is related to ESG disclosure scores. Stakeholder theory and legitimacy theory are used as theoretical foundations to describe the relationship between variables. 23 companies from 2017 to 2022 were the samples in this research. We utilize the ESG disclosure score, which is taken as a proxy to measure the influence of sustainability disclosure on company performance. As an indicator of a company's performance, it is measured by ROA, ROE, and net profit margin. The research results show a positive relationship. with a high level of significance between ESG disclosure and net profit margin, which is a measure of company performance. However, ESG disclosure has no effect on ROA or ROE.


Keywords: ESG Disclosure, Company Performance

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