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Journal : jurnal manajemen motivasi

The Relationship Between Esg And The Profitability Of Companies Listed On The IDX Nugraha, Ihza Abdhilla; Paramu, Hadi; Utami, Elok Sri
JURNAL MANAJEMEN MOTIVASI Vol 22 No 1 (2026): Jurnal Manajemen Motivasi
Publisher : Universitas Muhammadiyah Pontianak

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29406/jmm.v22i1.8391

Abstract

This study investigates the relationship between Environmental, Social, and Governance (ESG) practices and profitability among companies listed on the Indonesia Stock Exchange (IDX) from 2021 to 2023. Using Return on Assets (ROA), Return on Equity (ROE), and Earnings per Share (EPS) as profitability indicators, data from 56 purposively selected companies were analyzed with Pearson correlation. Results indicate that the social aspect and overall ESG score are significantly related to all profitability indicators, while environmental and governance dimensions significantly relate only to EPS. These findings suggest ESG, particularly social and integrated implementation, contributes to profitability and sustainable corporate performance.
Co-Authors A.A. Ketut Agung Cahyawan W Adhitya Wardhono Ahyar, Muhammad Alfarisy, Fariz Kustiawan Althof Sandi Ikmal Huda Alvina Octaviani Putri Anifatul Hanim Ariwan Joko Nusbantoro Artoto Arkundato Cholyubi Jusuf Ciplis Gema Qori'ah Debbi Fauziah Ulfah Dewi Prihatini Dewi, Aprilia Sintya Dian Permata Sari Dina Helianti Eka Prasasti Nur Rachmani Elok Sri Utami Evita Soliha Hani Evri Lala Sari Ferawati, Indah Wahyu Fifteen Aprila Fajrin Fitranti, Ajeng Gaguk Jatisukamto Gusminto, Eka Bambang Hairul Anwar Hairul Anwar, Hairul Hari Sukarno Heri Istanto Ida Ayu Putu Sri Widnyani Intan Nurul Awwaliyah Isti Fadah Iwan Sugihartono Khairi, Aji Rayyan Khairi Kris Ossy Novian Laily Ilman Widuri, Laily Ilman Lutfi Hakim M. Abd. Nasir M. Firdaus Melisa Puspita Dewi Misto Misto Moehammad Fathorrazi Moh. Fathorrozi Mohamad Dimyati Mohamad Dimyati Muhamad Iqbal N. Nurhayati Ni Nyoman Putu Martini G Novi Puspitasari Novi Puspitasari Nugraha, Ihza Abdhilla Nurhayati Nurul Qomariah Nyoman Gede Krishnabudi Purnamie Titisari Rachman, Alief Rizaldy Rahmawati, Ayu Febriyanti Dewi Resa Meita Ary Putri Restanto, Didik Pudji Risdiyanti, Arie Santi Dwie Lestari Sheilly Olivia Marcelinda Soetriono Soetriono Soni Sisbudi Harsono, Soni Sisbudi SUDARYANTO SUDARYANTO Suherman Suherman Sumardi, Nurul Afifah SUNARTO Sunarto Sunarto Susanto, Arnis Budi Tatang Ary Gumanti Tatok Endhiarto Tias Marganing Sih Triska Dewi Pramitasari Trisnani, Emy Dwi Ulfah, Debbi Fauziah Yuli Witono Yulia Indrawati Yusuf Fatoni