Apakah Kinerja ESG dan Investor Intention Penting untuk Pertumbuhan Berkelanjutan Pada Level Perusahaan?

Authors

  • Ulfah Tika Saputri Politeknik Negeri Sriwijaya
  • Evada Dewata Politeknik Negeri Sriwijaya
  • Meilinda Dwi Anugrah Politeknik Negeri Sriwijaya
  • Edy Firza Politeknik Negeri Sriwijaya

Keywords:

ESG Performance, Investor Intention, Sustainability Growth

Abstract

This study aims to examine the effect of ESG performance on corporate sustainability growth (SGR). We also highlight investor attention as a key factor in achieving sustainability performance growth (SGR). Using cross section data type as many as 68 sample companies. This study begins by conducting a classic assumption test and continues by conducting hypothesis testing. The results prove that low ESG performance has a negative influence on future sustainability growth. A low ESG score reflects that the company has a high risk. This means that the company's management is unable to manage the risks that may arise from the three ESG indicators (Economics, Social and Government). This study also successfully proves that investor attention is a key factor in achieving sustainable growth.

References

Bagh, T. et al. (2024) ‘ESG resilience: Exploring the non-linear effects of ESG performance on firms sustainable growth’, Research in International Business and Finance, 70(PA), p. 102305. doi: 10.1016/j.ribaf.2024.102305.

Chai, S. et al. (2023) ‘Exploring the nexus between ESG disclosure and corporate sustainable growth: Moderating role of media attention’, Finance Research Letters, 58(PC), p. 104519. doi: 10.1016/j.frl.2023.104519.

Chen, X. et al. (2021) ‘Firm Sustainable Growth during the COVID-19 Pandemic: The Role of Customer Concentration’, Emerging Markets Finance and Trade, 57(6), pp. 1566–1577. doi: 10.1080/1540496X.2021.1904884.

Diacritics, S., Autumn, N. and Culler, J. (2019) ‘Review : Junk and Rubbish : A Semiotic Approach Reviewed Work ( s ): Rubbish Theory ; The Creation and Destruction of Value by Michael Review by : Jonathan Culler JUNK AND RUBBISH : A SEMIOTIC APPROACH’, Diacritics, 15(3), pp. 2–12.

Gu, J. (2024) ‘Investor attention and ESG performance: Lessons from China’s manufacturing industry’, Journal of Environmental Management, 355(5), p. 120483. doi: 10.1016/j.jenvman.2024.120483.

He, F., Guo, X. and Yue, P. (2024) ‘Media coverage and corporate ESG performance: Evidence from China’, International Review of Financial Analysis, 91(October 2023), p. 103003. doi: 10.1016/j.irfa.2023.103003.

Higgins, R. C. (2015) ‘Much Growth Can Firm Afford ?’, 6(3), pp. 7–16.

Khovrak, I. (2020) ‘ESG-driven approach to managing insurance companies’ sustainable development’, Insurance Markets and Companies, 11(1), pp. 42–52. doi: 10.21511/ins.11(1).2020.05.

Kim, W., Kim, H. and Hwang, J. (2020) ‘Sustainable growth for the self-employed in the retail industry based on customer equity, customer satisfaction, and loyalty’, Journal of Retailing and Consumer Services, 53(August 2019), p. 101963. doi: 10.1016/j.jretconser.2019.101963.

Lin, Z. (2024) ‘Does ESG performance indicate corporate economic sustainability? Evidence based on the sustainable growth rate’, Borsa Istanbul Review, (January). doi: 10.1016/j.bir.2024.02.010.

Mamilla, R. (2019) ‘A study on sustainable growth rate for firm survival’, Strategic Change, 28(4), pp. 273–277. doi: 10.1002/jsc.2269.

Meng, T. et al. (2023) ‘ESG performance, investor attention, and company reputation: Threshold model analysis based on panel data from listed companies in China’, Heliyon, 9(10), p. e20974. doi: 10.1016/j.heliyon.2023.e20974.

Miller, L. (2016) ‘A Theoretical Framework for Value Creation: A Multidimensional Strategy/Model for Improving Social Economic Performance’, Journal of Creating Value, 2(2), pp. 257–267. doi: 10.1177/2394964316643458.

Oprean-Stan, C. et al. (2020) ‘Impact of sustainability reporting and inadequate management of esg factors on corporate performance and sustainable growth’, Sustainability (Switzerland), 12(20), pp. 1–31. doi: 10.3390/su12208536.

Sanoran, K. (Lek) (2023) ‘Corporate sustainability and sustainable growth: The role of industry sensitivity’, Finance Research Letters, 53(October 2022), p. 103596. doi: 10.1016/j.frl.2022.103596.

Teng, X. et al. (2021) ‘Environmental, social, governance risk and corporate sustainable growth nexus: Quantile regression approach’, International Journal of Environmental Research and Public Health, 18(20). doi: 10.3390/ijerph182010865.

Theresia, V. M. and Triwacananingrum, W. (2022) ‘Sustainability Reporting and Sustainable Growth Rate: Covid-19 As Moderating Variable’, Media Riset Akuntansi, Auditing & Informasi, 22(1), pp. 41–64. doi: 10.25105/mraai.v22i1.12824.

Yoon, B., Lee, J. H. and Byun, R. (2018) ‘Does ESG performance enhance firm value? Evidence from Korea’, Sustainability (Switzerland), 10(10). doi: 10.3390/su10103635.

Downloads

Published

2024-06-05

How to Cite

Saputri, U. T., Dewata, E., Anugrah, M. D., & Firza, E. (2024). Apakah Kinerja ESG dan Investor Intention Penting untuk Pertumbuhan Berkelanjutan Pada Level Perusahaan?. Simposium Nasional Akuntansi Vokasi (SNAV) XII, 12(1), 469–477. Retrieved from https://ocs.polije.ac.id/index.php/psnav/article/view/56

Similar Articles

1 2 > >> 

You may also start an advanced similarity search for this article.