PENGARUH KINERJA ENVIRONMENTAL, SOCIAL, DAN GOVERNANCE (ESG) TERHADAP NILAI PERUSAHAAN DENGAN KINERJA KEUANGAN SEBAGAI VARIABEL INTERVENING (STUDI KASUS PADA BANK UMUM YANG TERDAFTAR DI BURSA EFEK INDONESIA)

SAKINA, RESTI (2025) PENGARUH KINERJA ENVIRONMENTAL, SOCIAL, DAN GOVERNANCE (ESG) TERHADAP NILAI PERUSAHAAN DENGAN KINERJA KEUANGAN SEBAGAI VARIABEL INTERVENING (STUDI KASUS PADA BANK UMUM YANG TERDAFTAR DI BURSA EFEK INDONESIA). S2 thesis, Universitas Mercu Buana-Menteng.

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Abstract

This research aims to analyze the influence of Environmental, Social, and Governance (ESG) performance on Firm Value, with Financial Performance as an intervening variable. The population of this research is 47 Commercial Banks listed on the Indonesia Stock Exchange (IDX) during the period 2019–2023, with a total sample of 10 Commercial Banks selected using purposive sampling. The variables used in this research are Environmental Performance, Social Performance, Governance Performance, Financial Performance is proxied by ROA and Firm Value by PBV. The data were analyzed using Panel Data Regression Analysis method processed using EViews 9 software. The reseach found that Environmental Performance has a negative effect on Firm Value but a positive effect on Financial Performance. Social Performance has a positive effect on Firm Value but a negative effect on Financial Performance. Meanwhile, Governance Performance does not have a effect on either Firm Value or Financial Performance. Financial Performance has a positive effects on Firm Value and is able to mediate the influence of Environmental and Social Performance on Firm Value, but it is unable to mediate the influence of Governance Performance on Firm Value. Penelitian ini bertujuan untuk menganalisis pengaruh Kinerja Environmental, Social, dan Governance (ESG) terhadap Nilai Perusahaan dengan Kinerja Keuangan sebagai variabel intervening. Populasi dalam penelitian ini adalah Bank Umum yang terdaftar di Bursa Efek Indonesia (BEI) selama periode tahun 2019– 2023 sebanyak 47 Bank Umum, dengan jumlah sampel sebanyak 10 Bank Umum yang dipilih mengunakan metode purposive sampling. Variabel yang digunakan dalam penelitian ini adalah Kinerja Environmental, Kinerja Social, Kinerja Governance, Kinerja Keuangan diproksikan dengan ROA dan Nilai Perusahaan dengan PBV. Data dianalisis menggunakan metode Analisis Regresi Data Panel yang diolah menggunakan perangkat lunak Eviews9. Hasil penelitian menunjukkan bahwa Kinerja Environmental berpengaruh negatif terhadap Nilai Perusahaan, namun memiliki pengaruh positif terhadap Kinerja Keuangan. Kinerja Social berpengaruh positif terhadap Nilai Perusahaan tetapi berpengaruh negatif terhadap Kinerja Keuangan. Sementara itu, Kinerja Governance tidak berpengaruh baik terhadap Nilai Perusahaan maupun Kinerja Keuangan. Kinerja Keuangan berpengaruh positif terhadap Nilai Perusahaan serta mampu memediasi pengaruh Kinerja Environmental dan Kinerja Social terhadap Nilai Perusahaan, tetapi tidak mampu memediasi pengaruh Kinerja Governance terhadap Nilai Perusahaan.

Item Type: Thesis (S2)
NIM/NIDN Creators: 55122110061
Uncontrolled Keywords: Environmental Performance, Social Performance, Governance Performance, ESG, Financial Performance, Firm Value. Environmental Performance, Social Performance, Governance Performance, ESG, Financial Performance, Firm Value.
Subjects: 600 Technology/Teknologi > 650 Management, Public Relations, Business and Auxiliary Service/Manajemen, Hubungan Masyarakat, Bisnis dan Ilmu yang Berkaitan > 658 General Management/Manajemen Umum > 658.1 Organizations/Manajemen Organisasi
600 Technology/Teknologi > 650 Management, Public Relations, Business and Auxiliary Service/Manajemen, Hubungan Masyarakat, Bisnis dan Ilmu yang Berkaitan > 658 General Management/Manajemen Umum > 658.3 Personnel Management/Manajemen Personalia, Manajemen Sumber Daya Manusia, Manajemen SDM
Divisions: Pascasarjana > Magister Manajemen
Depositing User: ZAIRA ELVISIA
Date Deposited: 13 Sep 2025 02:52
Last Modified: 13 Sep 2025 02:52
URI: http://repository.mercubuana.ac.id/id/eprint/97802

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