Analisis Penerapan ESG Reporting terhadap Nilai PT Indofood Sukses Makmur Tbk Periode 2020-2024
PT Indofood Sukses Makmur Tbkの2020-2024年におけるESG報告の実施が企業価値に与える影響の分析 (AI 翻訳)
null Arka Nurafna Oktaviandy Wibowo, null Dwi Koerniawati
🤖 gxceed AI 要約
日本語
本研究は、インドネシアの食品大手IndofoodにおけるESG報告が企業価値（Tobin's Q）に与える影響を2020-2024年のデータで分析。ESG開示は企業価値に有意な正の効果（β=0.018）を持ち、その中でも社会（S）要素の影響が最大であることを示した。ESGスコアは期間中に56.3%から78.9%へ改善し、モデルの説明力は87.3%と高い。
English
This study analyzes the impact of ESG reporting on firm value for PT Indofood Sukses Makmur Tbk from 2020-2024 using multiple regression. ESG disclosure positively and significantly affects Tobin's Q (β=0.018, p<0.001), with the Social component having the highest impact. ESG score improved from 56.3% to 78.9% over the period, and the model explains 87.3% of variance.
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
インドネシア新興市場の事例は、日本企業がASEAN地域でESG開示を進める際の参考となる。特に、社会的側面が企業価値に与える影響が大きい点は、日本企業の現地子会社におけるESG戦略立案に示唆を与える。
In the global GX context
This paper provides empirical evidence from an emerging market (Indonesia) on the positive link between ESG reporting and firm value, supporting stakeholder theory. It adds to global ESG literature by highlighting the dominant role of the social component in a developing country context, which may differ from developed markets.
👥 読者別の含意
🔬研究者:Provides evidence on ESG-firm value relationship in an emerging market, useful for comparative studies with developed markets.
🏢実務担当者:Demonstrates that ESG reporting, especially social aspects, can enhance firm value, guiding corporate sustainability strategies in Indonesia and similar markets.
🏛政策担当者:Reinforces the case for mandatory ESG disclosure frameworks in emerging economies, showing potential financial benefits.
📄 Abstract（原文）
This study analyzes the implementation of ESG (Environmental, Social, and Governance) reporting on the firm value of PT Indofood Sukses Makmur Tbk during the 2020-2024 period. The main issues examined are how ESG reporting is implemented and the extent of its influence on firm value, as well as which ESG component has the most significant impact. The research method employs a quantitative approach with a causal comparative design, utilizing secondary data sourced from annual reports, sustainability reports, and market data over five years. Firm value is proxied using Tobin's Q ratio, while the level of ESG disclosure is measured based on the GRI Standards framework. Data analysis techniques use multiple linear regression by incorporating control variables including firm size, profitability (ROA), and leverage to enhance result validity. The research findings indicate that ESG reporting has a positive and significant effect on firm value with a coefficient of β = 0.018 and p < 0.001, with a model predictive capability (R²) of 87.3%. Indofood's ESG Score experienced substantial improvement from 56.3% in 2020 to 78.9% in 2024, accompanied by an increase in Tobin's Q from 0.982 to 1.523. Component-wise analysis reveals that the Social aspect provides the highest impact (β = 0.009), followed by Governance (β = 0.007) and Environmental (β = 0.006). These findings provide empirical support for stakeholder theory and resource-based view in the Indonesian emerging market context.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.61132/jeap.v2i4.1708first seen 2026-05-05 19:08:30
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