Pengaruh ESG (Enviromental, Social, and Governance) Score dan Ukuran Perusahaan terhadap Return Saham Perusahaan yang Terdaftar di Indeks LQ45 Tahun 2021-2024

Siti Koiriyah; Ahmad Idris; Agung Pambudi Mahaputra

doi:10.59841/excellence.v3i3.3138

Authors

Siti Koiriyah Universitas Islam Kadiri
Ahmad Idris Universitas Islam Kadiri
Agung Pambudi Mahaputra Universitas Islam Kadiri

DOI:

https://doi.org/10.59841/excellence.v3i3.3138

Keywords:

ESG Score, Return stock, Size

Abstract

This study aims to determine the effect of ESG (Environmental, Social, and Governance) Score and Company Size on Stock Returns of Companies listed on the LQ45 Index in 2021-2024. This study uses a quantitative method using secondary data in the form of annual reports and sustainability reports of related companies. The sampling technique was carried out using the purposive sampling method. The sample in this study was obtained using a purposive sampling technique and obtained 8 companies in the 2021-2024 period. The results of the study indicate that ESG Score has a negative and insignificant effect on stock returns and Company Size (SIZE) has a positive and insignificant effect on stock returns. Simultaneously, both variables have a positive and insignificant effect on stock returns.

References

Aditama, F. (2022). Analisis Pengaruh Environment, Social, Governance (Esg) Score Terhadap Return Saham Yang Terdaftar Di Index Idx30. Contemporary Studies in Economic, Finance and Banking, 1(4), 592–602. https://doi.org/10.21776/csefb.2022.01.4.05

Gultom, E., & Lubis, K. S. (2021). Analisis Pengaruh Current Ratio, Return on Equity dan Debt to Equity Ratio Terhadap Return Saham Pada Perusahaan Sub Sektor Telekomunikasi yang Terdaftar di Bursa Efek Indonesia Periode 2015-2019. ARBITRASE: Journal of Economics and Accounting, 2(1), 12–18. https://doi.org/10.47065/arbitrase.v2i1.243

Hanjani, E. ermadiela, & Yanti, H. budi. (2024). Pengaruh pengungkapan lingkungan, sosial, tata kelola (ESG) dan ukuran perusahaan terhadap return saham. Jurnal of Social and Economics Research, 6(1), 1748–1761.

Hasnawati, S. N. A. R. & S. (2023). PENGARUH PROFITABILITAS, LIKUIDITAS, STRUKTUR MODAL DAN UKURAN PERUSAHAAN TERHADAP RETURN SAHAM PERUSAHAAN INDUSTRI BATUBARA. Journal Syntax Transformation:, 4(3), 1–19.

Kartika, F., Dermawan, A., & Hudaya, F. (2023). Pengungkapan environmental, social, governance (ESG) dalam meningkatkan nilai perusahaan publik di Bursa Efek Indonesia. SOSIOHUMANIORA: Jurnal Ilmiah Ilmu Sosial Dan Humaniora, 9(1), 29–39. https://doi.org/10.30738/sosio.v9i1.14014

Khamisah, N., Nani, D. A., & Ashsifa, I. (2020). Pengaruh Non Performing Loan (NPL) , BOPO dan Ukuran Perusahaan Terhadap Return On Assets (ROA) Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia (BEI). TECHNOBIZ : International Journal of Business, 3(2), 18. https://doi.org/10.33365/tb.v3i2.836

Manulang, N., & Soeratin, H. Z. (2024). Pengaruh Pengungkapan Environmental , Social , Dan Governance Terhadap Nilai Perusahaan. 01(02), 72–77.

Muharram Hari Purnomo, Nuntupa, & A. G. W. (2024). Pengaruh ESG Score Terhadap Harga Saham Dimoderasi oleh Earnings Per Share. Jurnal Ekonomi, Manajemen, Dan Akuntansi (JEMSI), 10(3), 1923–1935.

Ningwati, G., Septiyanti, R., & Desriani, N. (2022). Pengaruh Environment , Social and Governance Disclosure terhadap Kinerja Perusahaan ( The Effect of Environmental , Social and Governance Disclosure on Corporate Performance ). 1(1), 67–78.

Nursita, M. (2021). Pengaruh Laba Akuntansi, Arus Kas Operasi, Arus Kas Investasi, Arus Kas Pendanaan, Dan Ukuran Perusahaan Terhadap Return Saham. Going Concern : Jurnal Riset Akuntansi, 16(1), 1. https://doi.org/10.32400/gc.16.1.32435.2021

Purwanti, D. (2021). Determinasi Kinerja Keuangan Perusahaan : Analisis Likuiditas, Leverage Dan Ukuran Perusahaan (Literature Review Manajemen Keuangan). Jurnal Ilmu Manajemen Terapan, 2(5), 692–698. https://doi.org/10.31933/jimt.v2i5.593

Putra, A., & Megawati, L. (2023). PENGARUH PENGUNGKAPAN CSR ASPEK ENVIRONMENTAL , SOCIAL AND GOVERNANCE ( ESG ) TERHADAP RETURN ON ASSET ( ROA ). 3(1), 39–47.

Rini Tri Hastuti, M. N. (2020). Pengaruh Leverage Profitabilitas Likuiditas Dan Ukuran Perusahaan Terhadap Return Saham Perusahaan Manufaktur. Jurnal Paradigma Akuntansi, 2(3), 1067. https://doi.org/10.24912/jpa.v2i3.9532

Sari, L., Mary, H., Elfiswandi, E., Zefriyenni, Z., & Lusiana, L. (2021). Kinerja Perusahaan Dan Bi Rate Terhadap Return Saham Bank Bumn. Jurnal Ekonomi Manajemen Sistem Informasi, 2(4), 544–555. https://doi.org/10.31933/jemsi.v2i4.543

Suliyani, A., & Benarda, B. (2023). Pengaruh Ukuran Perusahaan, Inflasi Dan Suku Bunga SBI Terhadap Return Saham Syariah Di Jakarta Islamic Index (JII) Periode 2016-2020. JPSDa: Jurnal Perbankan Syariah Darussalam, 3(1), 22–30. https://doi.org/10.30739/jpsda.v3i1.1646

Tambun, H. F. Q. & S. (2021). PENGARUH ENVIRONMENTAL, SOCIAL, GOVERNANCE (ESG) DAN RETENTION RATIO TERHADAP RETURN SAHAM DENGAN NILAI PERUSAHAAN SEBAGAI VARIABEL MODERATING. Jurnal Riset Ekonomi (JUREMI), 1(2), 159–172.

Wesso, M. V. D., Foeh, J. E. H. J., & Sinaga, J. (2022). Analisis Pengaruh ROA, ROE, dan DER Terhadap Return Saham. Jurnal Ilmu Mutlidisiplin, 1(2), 434–446.