ANALISIS PENGARUH KINERJA ESG DAN CORPORATE GOVERNANCE TERHADAP FINANCIAL PERFORMANCE DENGAN DIGITAL TRANSFORMATION SEBAGAI VARIABEL MODERASI PADA PERUSAHAAN LQ45
Abstract
Penelitian ini bertujuan untuk menganalisis dampak ESG score, board size, board meeting dan woman on board terhadap financial performance dengan variabel firm age dan sales growth sebagai variabel kontrol dan digital transformation yang diduga dapat memoderasi hubungan ESG score, board size, board meeting dan woman on board dengan financial performance. Data yang digunakan dalam penelitian ini merupakan data sekunder yang bersumber dari website bloomberg dan laporan tahunan perusahaan yang tercatat di BEI dan masuk dalam list LQ45 selama 2018-2022. Sampel penelitian dipilih menggunakan metode purposive sampling sehingga diperoleh 50 perusahaan yang menjadi sampel. Analisis data yang digunakan untuk uji hipotesis yaitu analisis regresi moderasi dengan menggunakan program E-views 9. Hasil penelitian menunjukkan bahwa pengungkapan ESG score memiliki pengaruh positif dan signifikan terhadap financial performance. Hasil penelitian juga menunjukkan bahwa board size, board meeting, sales growth dan digital transformation tidak berpengaruh signifikan terhadap financial performance. Selain itu, variabel woman on board dan firm age terbukti memiliki pengaruh negatif dan signifikan terhadap financial performance. Hasil penelitian juga menunjukkan bahwa digital transformation tidak terbukti dapat memoderasi hubungan antara ESG Score, board size dan board meeting dengan financial performance. Namun variabel digital transformation terbukti dapat memoderasi hubungan antara woman on board dan financial performance.
References
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Ntim, C. G., Soobaroyen, T., & Broad, M. J. (2017). Governance structures, voluntary disclosures and public accountability: The case of UK higher education institutions. Accounting, Auditing and Accountability Journal, 30(1), 65–118. https://doi.org/10.1108/AAAJ-10-2014-1842
Pinheiro, A. B., Panza, G. B., Berhorst, N. L., Toaldo, A. M. M., & Segatto, A. P. (2023). Exploring the relationship among ESG, innovation, and economic and financial performance: evidence from the energy sector. International Journal of Energy Sector Management. https://doi.org/10.1108/IJESM-02-2023-0008
Puni, A., & Anlesinya, A. (2020). Corporate governance mechanisms and firm performance in a developing country. International Journal of Law and Management, 62(2), 147–169. https://doi.org/10.1108/IJLMA-03-2019-0076
Queiri, A., Madbouly, A., Reyad, S., & Dwaikat, N. (2021). Corporate governance, ownership structure and firms’ financial performance: insights from Muscat securities market (MSM30). Journal of Financial Reporting and Accounting, 19(4), 640–665. https://doi.org/10.1108/JFRA-05-2020-0130
Radyati, M. R. N., Paramita, W., ’Adilah, R., Sulistio, C. A., Lailani, I. S., Simangunsong, R. A. H., Ramdha, T. D., & Altje, S. (2023). Panduan ESG (Environment, Social and Governance) (1st ed.). Institute for Sustainability and Agility.
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Published
2024-07-12
How to Cite
Pertiwi, S., Muslim, A., & Widiastuti, M. (2024). ANALISIS PENGARUH KINERJA ESG DAN CORPORATE GOVERNANCE TERHADAP FINANCIAL PERFORMANCE DENGAN DIGITAL TRANSFORMATION SEBAGAI VARIABEL MODERASI PADA PERUSAHAAN LQ45. Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA), 8(2), 1777-1796. https://doi.org/10.31955/mea.v8i2.4245
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Articles
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