Pengaruh Environmental, Social,and Governance (ESG) terhadap Kinerja Keuangan Perbankan Indonesia Periode 2015-2022

Afifah, Fashalia Putri Nur (2024) Pengaruh Environmental, Social,and Governance (ESG) terhadap Kinerja Keuangan Perbankan Indonesia Periode 2015-2022. Other thesis, Institut Teknologi Sepuluh Nopember.

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Abstract

Saat ini, pengungkapan informasi Environmental, Social, and Governance (ESG) semakin krusial bagi industri perbankan. Penelitian ini bertujuan untuk menganalisis hubungan antara ESG dan pilar-pilarnya terhadap kinerja keuangan perbankan di Indonesia. Sampel yang digunakan terdiri dari 11 bank di Indonesia selama 8 tahun (2015-2022), dengan data yang bersumber dari Bloomberg Terminal dan Badan Pusat Statistik. Kinerja keuangan diukur dengan indikator berbasis akuntansi (Net Profit Margin) dan indikator berbasis pasar (Tobin’s Q). Penelitian ini juga menambahkan variabel kontrol spesifik bank dan makroekonomi. Metode analisis yang digunakan adalah regresi data panel. Hasil penelitian menunjukkan bahwa penerapan ESG oleh perusahaan perbankan berdampak positif terhadap kinerja keuangan dalam jangka panjang, namun berdampak negatif terhadap kinerja keuangan jangka pendek. Analisis pada masing-masing pilar ESG secara individu menunjukkan hasil yang beragam. Pilar lingkungan berpengaruh negatif terhadap kinerja keuangan jangka pendek, namun positif dalam jangka panjang. Sementara, pilar sosial dan tata kelola tidak berdampak terhadap kinerja keuangan jangka pendek namun memberikan dampak positif dalam jangka panjang. Penelitian ini memberikan implikasi bagi para pemangku kepentingan untuk mempertimbangkan faktor ESG dalam pengambilan keputusan karena mempengaruhi keberlangsungan perusahaan perbankan dalam jangka panjang.
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Nowadays, the disclosure of Environmental, Social, and Governance (ESG) information is increasingly crucial for the banking industry. This study aims to analyze the relationship between ESG and its pillars on the financial performance of banks in Indonesia. The sample used consists of 11 banks in Indonesia for 8 years (2015-2022), with data sourced from Bloomberg Terminal and the Central Bureau of Statistics. Financial performance is measured by accounting-based indicators (Net Profit Margin) and market-based indicators (Tobin's Q). This study also adds bank-specific and macroeconomic control variables. The analysis method used is panel data regression. The results show that the implementation of ESG by banking companies has a positive impact on financial performance in the long term, but a negative impact on short-term financial performance. Analysis on each ESG pillar individually shows mixed results. The environmental pillar has a negative effect on short-term financial performance, but positive in the long term. Meanwhile, the social and governance pillars have no impact on short-term financial performance but have a positive impact in the long term. This study provides implications for stakeholders to consider ESG factors in decision-making because it affects the sustainability of banking companies in the long term.

Item Type:	Thesis (Other)
Uncontrolled Keywords:	ESG, Kinerja Keuangan, Perbankan, Net Profit Margin, Tobin’s Q, ESG, Financial Performance, Banking, Net Profit Margin, Tobin’s Q
Subjects:	H Social Sciences > HA Statistics > HA31.3 Regression. Correlation H Social Sciences > HC Economic History and Conditions > HC441 Macroeconomics. H Social Sciences > HC Economic History and Conditions > HC79.E5 Sustainable development. (circular economy) H Social Sciences > HG Finance > HG4910 Investments H Social Sciences > HJ Public Finance
Divisions:	Faculty of Creative Design and Digital Business (CREABIZ) > Developmental Studies > 60201-(S1) Undergraduate Thesis
Depositing User:	Fashalia Putri Nur Afifah
Date Deposited:	31 Jul 2024 13:29
Last Modified:	24 Sep 2024 06:21
URI:	http://repository.its.ac.id/id/eprint/109278

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