Nursiva, Destisa Zahra (2025) Pengaruh Skor Environmental, Social, Government (ESG) Terhadap Dividend Payout Ratio Pada Perusahaan Di Indonesia (Studi Kasus: Perusahaan Yang Terdaftar Di Bursa Efek Indonesia (BEI)). Other thesis, Institut Teknologi Sepuluh Nopember.
![[thumbnail of 5031211015-Undergraduate_Thesis.pdf]](http://repository.its.ac.id/style/images/fileicons/text.png) |
Text
5031211015-Undergraduate_Thesis.pdf - Accepted Version Restricted to Repository staff only Download (1MB) | Request a copy |
Abstract
Penelitian ini bertujuan untuk mengkaji pengaruh skor Environmental, Social, and Governance (ESG) terhadap Dividend Payout Ratio (DPR), serta mengevaluasi peran Return on Assets (ROA) sebagai variabel moderasi. Objek penelitian adalah perusahaan non-keuangan yang terdaftar di Bursa Efek Indonesia (BEI) pada periode 2021–2023. Penelitian ini menggunakan pendekatan kuantitatif dengan metode analisis regresi data panel. Sampel terdiri dari 36 perusahaan yang dipilih melalui teknik purposive sampling, dengan data sekunder yang diperoleh dari laporan keuangan tahunan dan skor ESG yang diakses melalui Bloomberg. Hasil analisis menunjukkan bahwa skor ESG secara keseluruhan tidak memiliki pengaruh signifikan terhadap DPR. Namun, secara parsial, pilar Social terbukti berpengaruh positif dan signifikan, sedangkan pilar Environmental dan Governance tidak menunjukkan pengaruh yang berarti. Selain itu, ROA juga tidak berperan sebagai variabel moderasi dalam hubungan antara ESG dan DPR. Temuan ini menunjukkan bahwa dimensi sosial dari keberlanjutan lebih diperhatikan dalam kebijakan dividen dibandingkan dengan aspek lingkungan dan tata kelola. Penelitian ini memberikan implikasi bagi perusahaan dan regulator untuk lebih mempertimbangkan aspek keberlanjutan dalam pengambilan keputusan keuangan, khususnya dalam konteks pembagian dividen.
=====================================================================================================================================
This study aims to examine the effect of Environmental, Social, and Governance (ESG) scores on the Dividend Payout Ratio (DPR) and to evaluate the role of Return on Assets (ROA) as a moderating variable. The research focuses on non-financial companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2023 period. A quantitative approach was employed using panel data regression analysis. The sample consisted of 36 companies selected through purposive sampling, with secondary data obtained from annual financial reports and ESG scores accessed via Bloomberg. The analysis results indicate that the overall ESG score does not have a significant effect on DPR. However, partially, the Social pillar has a positive and significant effect, while the Environmental and Governance pillars do not show a meaningful impact. Additionally, ROA does not act as a moderating variable in the relationship between ESG and DPR. These findings suggest that the social dimension of sustainability is more emphasized in dividend policy decisions compared to environmental and governance aspects. This study provides implications for companies and regulators to further consider sustainability aspects in financial decision-making, particularly in the context of dividend distribution.
| Item Type: | Thesis (Other) |
|---|---|
| Uncontrolled Keywords: | Dividend Payout Ratio, ESG Score, Keberlanjutan, Kebijakan dividen, Regresi Data Panel, Dividend Payout Ratio, Dividend Policy, ESG Score, Panel Data Regression, Sustainability |
| Subjects: | H Social Sciences > HJ Public Finance |
| Divisions: | Faculty of Creative Design and Digital Business (CREABIZ) > Business Management > 61205-(S1) Undergraduate Thesis |
| Depositing User: | Destisa Zahra Nursiva |
| Date Deposited: | 28 Jul 2025 00:49 |
| Last Modified: | 28 Jul 2025 00:50 |
| URI: | http://repository.its.ac.id/id/eprint/121763 |
Actions (login required)
 |
View Item |