Dogi, Dean Charlos Padji and LIMOUSINEA, IAN EDBERT and Widuri, Retnaningtyas (2024) The Effect of ESG on Firm Value and Performance During Covid-19: Moderation Role of Industry Characteristic. International Journal of Pertapsi, 2 (2). pp. 69-78. ISSN 3025-5945
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Abstract
The objective of this study was to examine the correlation between Environmental, Social, and Governance (ESG), corporate value and performance, with the aim of establishing a basis for assessing ESG. An independent variable is the ESG score. The variables that will be measured are firm value and performance. Firm performance will be assessed using return on assets (ROA), while firm value will be indicated by Tobins Q. Industrial growth, which quantifies the development of industrial aspects, will serve as a moderator to harmonise the connection between the independent and dependent variables. Analysis of data indicates that ESG factors have a detrimental effect on company value. ESG improves the performance of enterprises. Moreover, the growth of the industry does not alleviate the connection between environmental, social, and governance (ESG) factors and the value of a business. The correlation between ESG and corporate success is mitigated by the growth of the industry.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | ESG Scores, Firm Value, Firm Performance, Industry Characteristics |
| Subjects: | H Social Sciences > HF Commerce > HF5601 Accounting |
| Divisions: | Faculty of Economic > Accounting Department |
| Depositing User: | Admin |
| Date Deposited: | 07 Aug 2024 20:31 |
| Last Modified: | 03 Sep 2024 03:24 |
| URI: | https://repository.petra.ac.id/id/eprint/21931 |
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