Impact of Environmental, Social, Governance (ESG) Disclosure on Company Performance

Authors

  • Sukiantono Tang Universitas Internasional Batam
  • Serly Universitas Internasional Batam
  • Sheila Septiany Universitas Internasional Batam
  • Budi Harsono Universitas Internasional Batam
  • Windy Ardianti Universitas Internasional Batam

DOI:

https://doi.org/10.37385/ijedr.v6i4.7668

Keywords:

ESG, firm performance, panel regression, Indonesia Stock Exchange

Abstract

This study aims to analyze the impact of Environmental, Social, and Governance (ESG) disclosure on firm performance. Using secondary data from companies listed on the Indonesia Stock Exchange (IDX) for the 2018-2022 period, this study employs panel regression analysis with EViews software. The results indicate that ESG significantly influences firm performance with a negative relationship, suggesting that increased ESG disclosure has not yet provided a direct positive impact on financial performance. The implication of this study is that companies need to balance ESG commitments with sustainable business strategies to achieve long-term benefits.

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Published

2025-06-11

How to Cite

Tang, S., Serly, Sheila Septiany, Budi Harsono, & Windy Ardianti. (2025). Impact of Environmental, Social, Governance (ESG) Disclosure on Company Performance . International Journal of Economics Development Research (IJEDR), 6(4), 1942–1953. https://doi.org/10.37385/ijedr.v6i4.7668