Managing the Firm Environmental and Financial Performance: New Insight From Government Ownership

Mardijuwono, Agus Widodo; Kurnianto, Sigit; Basuki, Basuki; Rahman, Vella Noveria; Sucahyati, Diarany

doi:10.17512/pjms.2020.21.2.18

Cited by 3 publications

(3 citation statements)

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“…Based on the theory of stakeholders, high foreign ownership in a company will make managers try to make high ESG disclosures as well because foreign ownership in a company is a party that is considered concerned about ESG disclosures. This is proven based on previous research that in the environmental aspect, the achievements of multinational companies based in Indonesia outperform domestic companies in terms of the environment [32], [33].…”

Section: Literature Reviewmentioning

confidence: 91%

Do or Don’t: Focus on Critical Issues of Environmental Social Governance Disclosure in Singapore, Malaysia, and Indonesia

Aulia,

Sukmadilaga,

Avianti

et al. 2024

SHS Web Conf.

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Environmental Social Governance (ESG) refers to a collection of corporate performance evaluation criteria that assess the robustness of corporate governance mechanisms and their ability to effectively manage their environmental and social impacts. This study aims to determine whether the variables of influence of industry type, profit quality, managerial ownership, and foreign ownership have a simultaneous or partial effect on ESG disclosures in consumer cyclical sector companies listed on the Stock Exchange of several countries in Singapore, Malaysia, and Indonesia for the 2020-2022 period as many as 23 companies. Data testing techniques use classical assumption tests, multiple linear regression tests, determination tests, and hypothesis tests. The results showed that simultaneously, the variables of the industry type, profit quality, managerial ownership, and foreign ownership significantly influenced ESG disclosures in consumer cyclical sector companies listed on the Stock Exchange of several countries in Singapore, Malaysia, and Indonesia for the 2020-2022 period. The industry type variable partially does not affect ESG disclosure, and the profit quality variable does not affect ESG disclosure. In contrast, the managerial ownership and foreign ownership variables affect ESG disclosure.

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Section: Literature Reviewmentioning

confidence: 91%

Do or Don’t: Focus on Critical Issues of Environmental Social Governance Disclosure in Singapore, Malaysia, and Indonesia

Aulia,

Sukmadilaga,

Avianti

et al. 2024

SHS Web Conf.

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“…Managerial ownership is level of share ownership of management parties who actively participate in such as directors and commissioners. Managerial ownership which in this condition is government ownership on government companies measured by the proportion of shares held by the company at the end of the year and expressed in percentages (Nguyen & Nguyen, 2020;Madijuwono, Kurnianto, Rahman, & Suchayati, 2020). The bigger proportion of management ownership in the company, the management will strive more vigorously for the benefit of shareholders who in fact are themselves.…”

Section: E Mandatory and Voluntary Disclosures Political Accountability And Government Capital Ownership Toward Companies Performancementioning

confidence: 99%

Disclosure Regulations and Political Accountability Does Government Capital Ownership Influence Companies Performance Evidence from ASEAN Countries

Lestari

Haryono²,

Furwanti³

2021

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This research aims to discuss those four aspect toward companiesâ€™ performance. Government capital ownership is another crucial aspect which able to consider by companies for increase their performance. This is because the higher perentage government capital have, the biggest power they able to control the companies, and it is a good condition because they able to reduce agencyâ€™s issues between management and shareholders which absolutely brings positive influence on companiesâ€™ performance. Nevertheless, it still lack of studies which combined mandatory, voluntary disclosrues, political accountability and government capital ownership for measuring companies performance. The result come out that although government capital ownership brings no significant effect to boost companiesâ€™ performance, it is able to moderating the variable of mandatory, voluntary disclosures and political accountability have significant positive effect to increase companiesâ€™ performance.

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“…Economic, environmental, and social effects are usually comprised of a few variables, which is why they are often measured using synthetic methods [27][28][29][30]. These measures can often relate to environmental and economic performance [31][32][33][34][35]. However, there is a lack of research on the impact of economic and environmental factors on social factors, especially in the area of population health and life expectancy.…”

Section: Literature Reviewmentioning

confidence: 99%

Ecological and Economic Context of Managing Enterprises That Are Particularly Harmful to the Environment and the Well-Being of Society

Włodarczyk

Mesjasz-Lech

2021

Energies

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The ecological and economic context determine the management goals of a modern enterprise, which are in line with the growing concern about the well-being of society caused by the effects of enterprises’ activities that are particularly harmful to the environment. This increases the need to search for new tools that will have the capacity to generate information supporting the decision-making process in the area of enterprise management in terms of ecological, economic, and social goals. For these reasons, synthetic measures of development were constructed on the basis of the set of diagnostic variables describing various aspects of sustainable development in the case. Based on the environmental synthetic indicators, it has been possible to point out the Polish voivodeships, in which enterprises that are particularly harmful to the environment were able to reduce the emissions of dust and gaseous pollutants in the 2005–2019 period. These changes were often accompanied by an increase in the production of energy from renewable sources and increasing the supply of plants with devices to contain gaseous and dust pollutants. Moreover, the comparison of positioning the voivodeships in the rankings according to social, economic, and environmental synthetic measures shows that the reduction of the negative impact of energy-intensive enterprises on the environment has been associated with higher the position of the voivodeship in the ranking connected with the health of its inhabitants. It has been also seen that the largest pool of funds was allocated to the voivodeships that need them the most, as these voivodeships were low in the ranking with respect to the degree of the reduction of dust and gaseous emissions by enterprises that are particularly harmful to the environment. The results for regression analysis indicated at the existence of the inter-temporal relationships between the well-being of society and the environmental–economic effects of enterprises’ activities. It was noticed that increasing the possibilities of financing investments in low-emission development of the region, including the modernization of enterprises in terms of decreasing dust and gaseous pollutant emissions and reducing their energy consumption, has a significant impact on the improvement of well-being of society with a one-year lag. In contrast to other studies that mainly refer to the environmental and economic effects of managing enterprises that are particularly harmful to the environment, this paper focuses on the social aspect of the change in the health of the population connected with the emissions of pollutants. A novel approach based on the set of three multi-criteria synthetic measures is proposed to assess the environmental, economic, and social activities of enterprises in individual voivodeships in Poland in the long 2005–2019 period.

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Managing the Firm Environmental and Financial Performance: New Insight From Government Ownership

Cited by 3 publications

References 0 publications

Do or Don’t: Focus on Critical Issues of Environmental Social Governance Disclosure in Singapore, Malaysia, and Indonesia

Do or Don’t: Focus on Critical Issues of Environmental Social Governance Disclosure in Singapore, Malaysia, and Indonesia

Disclosure Regulations and Political Accountability Does Government Capital Ownership Influence Companies Performance Evidence from ASEAN Countries

Ecological and Economic Context of Managing Enterprises That Are Particularly Harmful to the Environment and the Well-Being of Society

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