Pengaruh Environmental, Social And Governance (Esg) Disclosure dan Firm Size Terhadap Kinerja Perusahaan (Studi pada Perusahaan Sektor Energi yang Terdaftar di BEI Periode 2021-2024)
環境・社会・ガバナンス（ESG）開示と企業規模が企業業績に与える影響（2021-2024年インドネシア証券取引所上場エネルギーセクター企業の研究） (AI 翻訳)
Desti Faradila, M. Sidik, Sri Astuti
🤖 gxceed AI 要約
日本語
本研究は、インドネシア証券取引所に上場するエネルギー企業24社（2021-2024年）を対象に、ESG開示と企業規模がTobin's Qで測定した企業業績に与える影響を分析。パネルデータ回帰分析の結果、社会開示は負の影響、ガバナンス開示は正の影響を与える一方、環境開示と企業規模は有意な影響を示さなかった。調整済みR²は0.780で、企業業績の説明力を示す。
English
This study analyzes the impact of ESG disclosure and firm size on the performance (Tobin's Q) of 24 energy sector companies listed on the Indonesia Stock Exchange from 2021 to 2024. Using panel data regression, it finds that social disclosure negatively influences performance while governance disclosure positively influences it; environmental disclosure and firm size show no significant effect. Adjusted R² is 0.780.
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
インドネシアという新興市場におけるESG開示の実証研究であり、日本企業が海外子会社等で同様の課題に直面する可能性がある。日本の有報・統合報告書におけるESG情報の開示充実に対し、開示の経済的影響に関する示唆を提供する。
In the global GX context
This paper provides empirical evidence on ESG disclosure effects in an emerging market (Indonesia), contributing to the global debate on whether ESG disclosure improves financial performance. It highlights that governance disclosure positively correlates with firm value, while environmental disclosure does not—a finding relevant for ISSB and other global standard-setters considering materiality.
👥 読者別の含意
🔬研究者:Provides evidence on ESG-financial performance link in an emerging market, useful for comparative studies.
🏢実務担当者:Indonesian energy firms can use insights to prioritize governance transparency over environmental disclosure for market valuation.
🏛政策担当者:Indonesian regulators may consider mandating governance disclosure to enhance firm performance.
📄 Abstract（原文）
This study focuses on the influence of Environmental, Social, and Governance (ESG) disclosure and firm size on the performance of companies listed on the Indonesia Stock Exchange (IDX) during the period of 2021-2024. The background of this research is driven by the increasing attention to social responsibility and environmental impacts faced by companies, especially in the energy sector. The main objective of this research is to analyze how ESG disclosures and firm size affect performance, measured using Tobin's Q ratio. The method used is panel data regression analysis with 96 observations from 24 companies, utilizing Eviews 12 software. The data utilized in this study are the annual reports and sustainability reports of each company. The results indicate that social and governance disclosures influence company performance, with coefficient values of -0.331 (negatively influence) and 0.123 (positively influence), respectively. Conversely, environmental disclosure and firm size do not show significant effects, with probability values of 0.5996 and 0.4929. The adjusted R-squared value in this study is 0.780, indicating that firm performance can be explained by the variables examined.The conclusion of this study emphasizes the importance of companies enhancing transparency and accountability through ESG disclosure to improve their performance. The implications of these findings suggest that companies need to be more proactive in fulfilling social and environmental responsibilities to enhance investor trust and market value.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.35870/jemsi.v12i1.5358first seen 2026-05-15 18:06:18
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