Pengaruh Kinerja Keuangan, Keberagaman Gender, dan Environmental, Social, and Governance (ESG) terhadap Nilai Perusahaan
財務業績、ジェンダー多様性、ESGが企業価値に与える影響 (AI 翻訳)
Ilham Apta Triswanda, Zaenal Abidin
🤖 gxceed AI 要約
日本語
インドネシアLQ45指数採用企業を対象に、ROA、EPS、企業規模、ジェンダー多様性、ESG開示が企業価値に与える影響をパネルデータ回帰で分析。ROAとジェンダー多様性は正の有意な影響を与えるが、ESG開示は有意でない。投資家や政策立案者への示唆を提供。
English
This study examines the impact of financial performance (ROA, EPS, firm size), gender diversity, and ESG disclosure on firm value for Indonesian LQ45 index companies (2021-2024). Using panel data regression, it finds that ROA and gender diversity have positive significant effects, while ESG disclosure and other factors are insignificant. Provides insights for investors and policymakers in emerging markets.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
インドネシア市場の研究だが、ESG開示と企業価値の関係は日本企業の統合報告やSSBJ対応にも示唆を与える。ただし本分析ではESG開示の有意な効果は確認されず、開示の質や投資家の認知度の違いが背景にある可能性がある。
In the global GX context
This study adds to the global ESG-firm value literature from an emerging market perspective (Indonesia). The non-significance of ESG disclosure contrasts with findings in developed markets, suggesting that institutional context and disclosure quality matter for value relevance.
👥 読者別の含意
🔬研究者:Provides empirical evidence on ESG-firm value nexus in an emerging market with a unique focus on gender diversity alongside ESG.
🏢実務担当者:Investors in emerging markets might prioritize profitability and gender diversity over ESG disclosure when assessing firm value.
🏛政策担当者:Insights that ESG disclosure may not automatically enhance firm value; regulators should improve disclosure standards to increase relevance.
📄 Abstract（原文）
One of the places to invest is the capital market, which is facilitated by the Indonesia Stock Exchange (IDX) through various stock indices, one of which is the LQ45 index. The LQ45 Index contains 45 company stocks with high liquidity and good financial fundamentals. In recent years, the movement of the LQ45 index has shown a sharper decline compared to the JCI, leading to a decline in the value of companies listed in the LQ45 index. The factors that affect firm value are financial factors, including ROA, EPS, and firm size, as well as non-financial factors, namely gender diversity and the company’s ESG value. This study aims to determine the influence of ROA, EPS, firm size, gender diversity, and ESG disclosure on firm value in companies listed in the LQ45 stock index for the 2021–2024 period. The data used is secondary data. Sampling was carried out using the purposive sampling technique and twenty-seven company samples were obtained. The data analysis method used is panel data regression analysis. The study’s results indicate that ROA and gender diversity each have a positive and statistically significant partial effect on firm value, whereas firm size, EPS, and ESG disclosure each do not have a statistically significant partial effect on firm value. These findings can serve as a reference for investors in managing their investments and for policymakers in formulating policies to enhance firm value.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://prin.or.id/index.php/cemerlang/article/download/9563/7087first seen 2026-07-18 07:52:20
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