The Effect Of Environmental, Social and Governance (ESG) Disclosure on Firm Performance: The Role of Ceo Tenure

Triyani, Agus; Setyahuni, Suhita Whini; Kiryanto, Kiryanto

doi:10.22219/jrak.v10i2.11820

Cited by 22 publications

(25 citation statements)

References 16 publications

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“…Social accounting believes that the company's optimal performance can also be measured from environmental and social aspects (Deegan, 344: 2014). Companies with good environmental and social performance will gain legitimacy and a positive response from the public (Triyani et al, 2020). Therefore, there is a shift in the focus of accounting reporting.…”

Section: Introductionmentioning

confidence: 99%

The Effect of Corporate Governance, Political Connection, and Executive Power on Corporate Social Responsibility Performance

Aviyanti

Amah²,

Andriani³

et al. 2022

AKSI

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CSR is a form of sustainability activity that must be a concern for the company because it poses a risk to existence. This study aims to determine the effect of governance, political connections, and executive power on CSR performance. The research uses a quantitative approach with a positivism paradigm. The research population is all issuers of the manufacturing sector listed on the Indonesia Stock Exchange during the 2017-2021 period. The research sample was 89 companies with 445 observations. Data were analyzed using multiple regression. The results show that corporate governance has a positive effect on CSR performance, whereas executive power has a negative effect on CSR performance. The political connection does not affect CSR performance. This research confirms stakeholder theory, legitimacy theory, and agency theory. The study results are also useful for investors/creditors in making investment decisions in companies, and top management can adopt CSR strategies that affect sustainability. This study uses a more comprehensive measurement variable.

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Section: Introductionmentioning

confidence: 99%

The Effect of Corporate Governance, Political Connection, and Executive Power on Corporate Social Responsibility Performance

Aviyanti

Amah²,

Andriani³

et al. 2022

AKSI

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“…In paper [1] using data of 159 Indonesian companies from 2012 to 2016 the authors found out that ESG disclosure has a positive impact on return on equity. The higher the disclosure quality the higher ROE.…”

Section: Results Of Papermentioning

confidence: 99%

“…A large layer of research is dedicated to study of the interrelation between ESG and financial indicators. From the point of view of the stakeholder theory and the legitimacy theory a company should pay attention to values and norms existing in the society where it operates [1]. It is of crucial importance because recognition by the community is used as the factor which may influence corporate stability.…”

Section: Interrelation Between Esg Indicators and Financial Indicator...mentioning

confidence: 99%

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How CEO Affects ESG and the Financial Performance of Companies

Farrakhova¹

2022

КФ

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In the past decade the society grew more interested in corporate operations concerning environmental, social, and corporate governance (ESG). This paper is dedicated to study of influence of CEO’s personal characteristics on financial performance of companies and interrelation between ESG indicators and corporate financial performance. For this purposewe have conducted a review of scientific literature on this topic, established interrelation between financial indicators and ESG indicators, determined the main characteristics which influence corporate financial indicators. For this purpose we developed a model of CEO’s personal characteristics. The paper studied characteristics of CEOs from Russian companies, compiled a rating of CEOs taking into consideration financial and ESG indicators of companies, considered influence of the CEO’s position in this overall rating on financialindicators of a company. The research sample comprises 81 Russian companies of the real sector which are in the Moscow Exchange index and 123 CEOs. The time interval covered by this research is seven years since 2013 to 2019. Analysis was performed in the statistics package STATA applying panel data analysis as a method. Return on assets, return on equity and the market capitalizationindicator were used as dependent variables. We chose disclosure of ESG information by a company, CEO’s score in the overall rating and such CEO’s characteristics as age, tenure and financial education as explicative variables. Financial leverage and company size were used as control variables. We also added return on assets to some model specifications inorder to improve the model quality.

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“…The impact of ESG disclosure is still a debate among researchers whether ESG disclosure can improve firm performance. Research conducted by Albitar et al (2020) and Triyani et al (2020) found results that ESG will improve and has positive impact on firm performance, but these results are contradictory to Junius et al (2020) and Fatemi et al (2018) that found ESG had no effect on firm performance. In response to that, firm orientation is starting to shift from being profit oriented to stakeholder oriented that more aware towards environmental and social responsibility.…”

Section: Introductionmentioning

confidence: 84%

Disclosure of Environmental, Social, and Governance on Firm Performance Pre and Post Introduction of Integrated Reporting: Evidence from ASEAN Countries

Fernando

Nurcholifah

Pulungan

2022

IJEEP

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The debate among researchers is still on-going regarding the impact of ESG on firm performance. Therefore, this study aims to investigate the effect of Environmental, Social, and Governance (ESG) Disclosure towards Firm Performance in ASEAN countries before and after Integrated Reporting (<IR>) introduction. Also, this study aims to explore the <IR> whether it moderates the relationship between ESGD and FP. This study focused on ASEAN countries with the selected sample criteria using purposive sampling technique. The 190 samples are obtained from Thomson Reuters from 2006 – 2020 (exclude 2013) obtained from Stock Exchange of each country. The researcher uses multiple linear regression analysis with the fixed effect model. Due to having heteroscedasticity, the regression needs to be standardized by using Robust Standard Error. The findings indicate that the ESG Disclosure has insignificant impact to the Firm Performance although the coefficient shows the positive sign. The second findings are <IR> does not moderate the ESGD and FP however their relationship shows positive relationship. Although the result is not significant, the positive relationship may indicate that companies who implement <IR> have better firm value and improved in firm performance.

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The Effect Of Environmental, Social and Governance (ESG) Disclosure on Firm Performance: The Role of Ceo Tenure

Cited by 22 publications

References 16 publications

The Effect of Corporate Governance, Political Connection, and Executive Power on Corporate Social Responsibility Performance

The Effect of Corporate Governance, Political Connection, and Executive Power on Corporate Social Responsibility Performance

How CEO Affects ESG and the Financial Performance of Companies

Disclosure of Environmental, Social, and Governance on Firm Performance Pre and Post Introduction of Integrated Reporting: Evidence from ASEAN Countries

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