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VOL. 6, ISSUE 2 (2024)
The impact of environmental, social, governance (ESG) on financial performance (Empirical study of ASEAN firms listed on the Nikkei asia 300 index 2018 – 2022)
Authors
Helmina Suhestiningrum, Marsono
Abstract
This research aims to determine the effect of disclosure of each ESG
component on financial performance as proxied by ROA and ROE. This research
also used control variables, namely Financial Leverage and Firm Size. This
research used a sample of 37 ASEAN companies, including Indonesia, Malaysia,
Singapore, Thailand, Philippines and Vietnam. The sampling technique used a
purposive sampling method with secondary data obtained through Bloomberg. The
number of observations in this study was 185 over a period of 5 years (2018 -
2022). Data analysis used multiple linear regression analysis of panel data and
was assisted by Eviews 12 software. The findings from this research revealed
that environmental disclosure and governance disclosure variables have a
positive effect on ROA. Meanwhile, social disclosure has a positive effect on
ROE. This research also reveals that environmental disclosure and governance
disclosure has no effect on ROE, and social disclosure has no effect on ROA.
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Pages:1-6
How to cite this article:
Helmina Suhestiningrum, Marsono "The impact of environmental, social, governance (ESG) on financial performance (Empirical study of ASEAN firms listed on the Nikkei asia 300 index 2018 – 2022)". International Journal of Management and Economics, Vol 6, Issue 2, 2024, Pages 1-6
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