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Journal : Journal of Social Research

Is it Corporate Governance, Industry, and Profitability Matter on Esg Performance? Evidence from Indonesian Companies Filardi Rahmadani; Fajri Adrianto; Mohamad Fany Alfarisi
Journal of Social Research Vol. 2 No. 3 (2023): Journal of Social Research
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/josr.v2i3.728

Abstract

This study aims to test and provide empirical evidence regarding the influence of corporate governance (percentage of independent commissioners), industry, and profitability (ROA and retention ratio) on environmental, social, and governance (ESG) performance. This study also uses two control variables: company size and company age. The objects of this study are companies listed on the Indonesia Stock Exchange (IDX) that have complete ESG scores from the Thomson Reuters Eikon database for 2011-2020. The sample companies are 25 companies selected based on the purposive sampling method. Hypothesis testing was carried out using panel data regression analysis with the STATA 14.0 program. The results of the study show that the industry variable, profitability (retention ratio), has a negative and significant effect on ESG performance. For corporate governance variables (independent commissioners), profitability (ROA) has no effect on ESG performance. This study adds value to the existing literature because it provides an overview of the impact of the factors used on ESG performance in companies in Indonesia.
Governance Components and Social Performance: Company Analysis of G20 Countries Muhammad Farras Aroes; Fajri Adrianto; Mohamad Fany Alfarisi
Journal of Social Research Vol. 2 No. 5 (2023): Journal of Social Research
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/josr.v2i5.935

Abstract

This study is aimed to obtain empirical evidence of the influence of Management, Shareholders, and CSR Strategy on the Social Performance of companies from countries listed in the G20 forum. The study also used four control variables: Firm Size, Firm Age, Firm Leverage, and Firm Profitability. The data used is secondary data from the Thomson Reuters Eikon database of 60 companies engaged in Consumer Non-Cyclicals (Staples), more specifically, namely those engaged in the Food and Beverages sector in 2012-2021. This study used Panel Data Regression Analysis; Fixed Effect Model with the help of STATA 17. The results of this study show that Management and CSR Strategy have a significant and positive effect on Social Performance. Meanwhile, Shareholders have an insignificant and negative influence. This research adds to the high value of the scientific literature because it provides a good overview and basis for understanding how companies can provide Social Performance in accordance with company policies and performance.