PENGARUH ENVIRONMENT, SOCIAL & GOVERNANCE DAN KINERJA KEUANGAN TERHADAP RETURN SAHAM PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

SANTANA, FATHUR NURIZKY and Muthia, Fida and Taufik, Taufik (2025) PENGARUH ENVIRONMENT, SOCIAL & GOVERNANCE DAN KINERJA KEUANGAN TERHADAP RETURN SAHAM PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA. Undergraduate thesis, Siriwjaya University.

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Abstract

This study examines the influence of Environmental, Social & Governance (ESG) and financial performance (measured by Return On Assets (ROA) and Debt to Asset Ratio (DAR)) on stock returns of non-financial companies listed on the Indonesia Stock Exchange (IDX) during the 2019-2023 period. Using a quantitative approach with panel data analysis and the Common Effect Model (CEM), it was found that ESG, ROA, and DAR simultaneously have a positive effect on stock returns. Partially, only ESG has a significant positive influence on stock returns. ROA shows a non-significant negative effect, while DAR has a positive but non-significant effect. These results highlight the importance of ESG factors in investment decisions within the Indonesian capital market.

Item Type:	Thesis (Undergraduate)
Uncontrolled Keywords:	Environment, Social & Governance (ESG), Financial Performance, Return On Asset (ROA), Debt to Asset Ratio (DAR), Stock Return.
Subjects:	G Geography. Anthropology. Recreation > GN Anthropology > GN448-450.8 Economic organization. Economic anthropology H Social Sciences > HB Economic Theory > HB135-147 Mathematical economics. Quantitative methods Including econometrics, input-output analysis, game theory H Social Sciences > HB Economic Theory > HB3711-3840 Business cycles. Economic fluctuations
Divisions:	01-Faculty of Economics > 61201-Management (S1)
Depositing User:	Fathur Nurizky Santana
Date Deposited:	24 Jul 2025 13:05
Last Modified:	24 Jul 2025 13:05
URI:	http://repository.unsri.ac.id/id/eprint/180443

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