PENGARUH PENGUNGKAPAN ECONOMIC, ENVIRONMENTAL, SOCIAL, DAN GOVERNANCE TERHADAP KINERJA KEUANGAN PADA PERUSAHAAN SEKTOR NON KEUANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2017 – 2022

THE INFLUENCE OF ECONOMIC, ENVIRONMENTAL, SOCIAL AND GOVERNANCE DISCLOSURES ON FINANCIAL PERFORMANCE IN NON-FINANCIAL SECTOR COMPANIES LISTED ON THE INDONESIAN STOCK EXCHANGE PERIOD 2017 – 2022

keberlanjutan di Indonesia lebih terkenal. Konsep keberlanjutan berhasil mengajak perusahaan setiap tahunya untuk melakukan pelaporan keberlanjutan. Penelitian ini bertunjuan untuk menganalisis pengaruh pengungkapan economic, environmental, social, governance terhadap kinerja keuangan perusahaan. Penelitian ini memilih ROA sebagai variabel dependen dan aspek economic, aspek environmental, aspek social, aspek governance sebagai variabel independen. Populasi yang digunakan adalah perusahaan pada sektor non keuangan terdaftar di Bursa Efek Indonesia periode 2017 – 2022. Pemakaian metode purposive sampling menghasilkan 30 perusahaan sebagai sampel penelitian dengan syarat perusahaan menerbitkan annual report dan sustainability report. Analisis data pada pengujian ini memanfatkan analsis regresi data panel menggunakan software STATA 15. Hasil pengujian menyatakan aspek economic, aspek environmental, aspek social tidak berpengaruh terhadap kinerja keuangan, sedangkan aspek governance berpengaruh negatif signifikan terhadap kinerja keuangan dengan implikasi yang dapat dilakukan ketika ingin mengetahui kinerja keuangan perusahaan investor harus mempertimbangkan aspek governance.  

Kata kunci: Kinerja keuangan, Aspek Economic, Aspek Environmental, Aspek Social, Aspek Governance

Increasing environmental problems have made the concept of sustainability in Indonesia more popular. The sustainability concept has succeeded in inviting companies to carry out sustainability reporting every year. This research aims to analyze the influence of economic, environmental, social and governance disclosures on company financial performance. This research chooses ROA as the dependent variable and economic aspects, environmental aspects, social aspects, and governance aspects as independent variables. The population used is companies in the non-financial sector listed on the Indonesia Stock Exchange for the period 2017 - 2022. The use of the purposive sampling method resulted in 30 companies as research samples with the condition that the companies publish annual reports and sustainability reports. Data analysis in this test utilizes panel data regression analysis using STATA 15 software. The test results state that economic aspects, environmental aspects, social aspects have no effect on financial performance, while governance aspects have a significant negative effect on financial performance with Implications that can be done when you want to know the financial performance of a company, investors must consider the governance aspect.

Keyword : Finansial performance , Economic Disclosure, Environmental Disclosure, Social Disclousure, Governance Disclosure