PENGARUH ENVIRONMENTAL SOSIAL GOVERNANCE (ESG) REPORTING TERHADAP TOBIN’S Q PADA SEKTOR JASA DI BEI

Authors

  • Wiwik Saraswati Universitas Balikpapan
  • Didik Hadiyatno Universitas Balikpapan
  • Nely Tangke Rante Universitas Balikpapan
  • Dimas Rama Pramudia Universitas Balikpapan

DOI:

https://doi.org/10.36277/mreko.v4i4.678

Keywords:

ESG, TOBIN’S Q.

Abstract

This research is based on the change towards a green economy in Indonesia where companies are not only thinking about profits, but also to increase transparency related to Environmental, Social, and Governance (ESG) aspects. The results of the study show that ESG disclosure serves as an effective positive signal to reduce information inequality between companies and stockholders. This research is on the services sector during the 2023-2025 period, where consistent ESG implementation has the potential to increase the market value of companies (Tobin's Q). Investors tend to give higher ratings to companies that demonstrate a commitment to sustainability, as they are perceived to have better risk resilience in the face of changing regulations and global demands.

References

Cipto, & hersugondo. (2024). Pengaruh esg ( environmental , social , and governance ) 1 terhadap kinerja dan nilai perusahaan dengan ukuran perusahaan sebagai variabel moderasi. 7(2).

Fahad, p., & busru, s. A. (2020). Csr disclosure and firm performance: evidence from an emerging market. Corporate governance (bingley), 21(4), 553–568. Https://doi.org/10.1108/cg-05-2020-0201

Ioannou, i., & serafeim, g. (2012). The consequences of mandatory corporate sustainability reporting. Ssrn electronic journal. Https://doi.org/10.2139/ssrn.1799589

Karina, d. R. M., & setiadi, i. (2020). Pemoderasi csr influence on corporate value with gcg as moderators desita riyanta mitra karina1 , iwan setiadi 2. Jurnal riset akuntansi mercu buana (jramb), 6(1), 37–49.

Kusuma, r. A. I. W. (2023). Abis: accounting and business information systems journal vol 11 no.2 (mei 2023). 11(2).

Mumtazah, f., & purwanto, a. (2020). Analisis pengaruh kinerja keuangan dan pengungkapan lingkungan terhadap nilai perusahaan. Diponegoro journal of accounting, 9(2), 1–11. Http://ejournal-s1.undip.ac.id/index.php/accounting

Nugroho, n. A., & hersugondo, h. (2022). Analisis pengaruh environmental , social , governance ( esg ) disclosure terhadap kinerja keuangan perusahaan. 15(2), 233–243.

Qohar, m. H. N., & irianto, g. (2024). Pengaruh corporate social responsibility (csr), good corporate governance (gcg) dan intellectual capital terhadap nilai perusahaan. Jurnal multidisiplin west science, 3(02), 179–192. Https://doi.org/10.58812/jmws.v3i02.1004

Rahayu, n. I., & syafrudin, m. (2024). Pengungkapan esg ( environmental , social and governance ) terhadap kinerja perusahaan. 13, 1–14.

Tanjaya, f., & ratmono, d. (2024). Pengaruh environmental , social , dan governance ( esg ) terhadap kinerja perusahaan dengan variabel moderasi board size. 13, 1–13.

Wirawan, c. H., & filia, f. (2023). Multikultura penerapan konsep environment , social and. 2(4). Https://doi.org/10.7454/multikultura.v2i4.1048

Zerbib, o. D. (2022). A sustainable capital asset pricing model (s-capm): evidence from environmental integration and sin stock exclusion. Review of finance. Https://academic.oup.com/rof/article-abstract/26/6/1345/6647867

Downloads

Published

2025-10-31

How to Cite

Saraswati, W., Hadiyatno, D. ., Tangke Rante, N. ., & Rama Pramudia, D. (2025). PENGARUH ENVIRONMENTAL SOSIAL GOVERNANCE (ESG) REPORTING TERHADAP TOBIN’S Q PADA SEKTOR JASA DI BEI. MEDIA RISET EKONOMI [MR.EKO], 4(4), 167–173. https://doi.org/10.36277/mreko.v4i4.678

Issue

Vol. 4 No. 4 (2025): MEDIA RISET EKONOMI [MR.EKO]

Section

Articles

License

Copyright (c) 2025 Wiwik Saraswati, Didik Hadiyatno, Nely Tangke Rante, Dimas Rama Pramudia

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

You are free to:
Share - copy and redistribute the materials in any medium or format for any purpose, even for commercial purposes.
Adapt - compose, change and develop the material for any purpose, even for commercial purposes.
The licensor cannot revoke these freedoms as long as you follow the license terms.
With the following conditions:
Attribution - you must give appropriate credit, provide a link to the license, and indicate if changes have been made. You may do so in a reasonable manner, but not in any way that suggests that the licensor endorses you or your use.
No additional restrictions - You may not implement legal provisions or technological measures that legally restrict others from doing anything permitted by the license.
Notice:
You do not have to comply with the license for elements of the material that are in the public domain or where your use is permitted by an applicable exclusion or restriction.
No warranties are given. This license may not grant all the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.