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Journal : Business, Management

The Effect of Return on Asset, Debt to Equity Ratio, and Current Ratio Towards The Value of Companies Implementing ESG on The Indonesia Stock Exchange in 2023: ESG Risk Rating as a Moderating Variable Nur, Alny Miladia; Utami, Yuni; Hapsari, Ira Maya
Business, Management & Accounting Journal (BISMA) Vol. 1 No. 2 (2024): BISMA Journal July 2024
Publisher : Baca Dulu Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70550/

Abstract

This study aims to determine and analyze the effect of Return On Asset, Debt To Equity Ratio, and Current Ratio on Firm value with ESG Risk Rating as a Moderating Variable in Companies Implementing ESG on the Indonesia Stock Exchange in 2023. This type of research is quantitative. The data used is secondary data. The sample data obtained were 79 research data from 79 companies in 2023. Data analysis techniques using descriptive statistical tests, classical assumption tests, multiple linear regression analysis tests, t-statistic tests, determination coefficient tests (R2), and subgroup moderation tests. Hypothesis testing is carried out using the SPSS 25 program. The results of the study indicate that return on assets has no effect on firm value, debt to equity ratio has a negative effect on firm value, current ratio has a negative effect on firm value, ESG risk rating cannot moderate the effect of return on assets on firm value, ESG risk rating cannot moderate the effect of debt to equity ratio on firm value, ESG risk rating cannot moderate the effect of current ratio on firm value.
Co-Authors Abdullah Mubarok Abdulloh Mubarok Adelia Meysa Putri, Ni Luh Made Agus Santoso Agus suprijono Aji, Wendi Yonspia Alfiyah, Neti Amalia, Amara Amaliyah, Tika Amin Prohatomo, Yudit Amirah Amirah Amirah, Amirah Anastasia, Elza Aldilla Asyifa, Ade Julia Awallia Oktaviani, Nur Azzah, Hasna Afifah Baihaqi Fanani Berliana, Lusy Fina D.A, Syafira Rizki Dani Puji Pangesti Dewi Indriasih Dewi, Dea Rosa Kusuma Dewi, Risma Arlia Sinta Esih Jayanti Evelyn, Jane Fahreza, Viki Faiz Irsyad Prasetyo Fany, Firyal Afria Faradila, Afrida Fifin Faridah Faridah Fawwas, Muhammad Rafi Federova, Ananda Silva Firmansyah, Fahmi Giri, Kadek Risna Puspita Gunistiyo, Gunistiyo Gunistyo, Gunistyo Hartono, Galatia Yesa Hengky Setiawan Hidayah, Lisna Ilham Ramadhan Nasution, Ilham Ramadhan Ira Maya Hapsari Jaka Waskita Jaka Waskito Jane Evelyn Listia Andela, Salsabila M Faqihudin Maju Binoto, Maju Maulida Berniz, Yulis Mei Rani Amalia Mohammad Arridho Nur Amin Muhammad Siddik Erdi Wicaksono Mulyaningsih K, Naomi Sri Najmudin Namira Ufrida Rahmi Neni Hendaryati Niken Wahyu Cahyaningtyas Ningrum, Eftika Riya Nur, Alny Miladia Oktaviani, Nur Awallia Pebrilian, Nelsa Permananingrum, Adila Prasetya, Victor Prasetyono, Agus Rahmawati, Septiana Galuh Riyadi, Ragil Anwar Rosalina Rozi, Facrul Sari, Metty Singgar Satria Ganefi, Hadi Setiani, Risma Meilana Setiawan, Hengky Siti Maghfiroh Sofhian Sofhian Sri Murdiati Sri Murdiati Sri Wahyuni Trisna, Ni Made Sukron, Muchamad Suwandi Tabrani . Titik Sugianti Utami, Galuh Mega Wahyu Cahyaningtyas, Niken Wirayudha, Akhira Wiyanti, Sari Yuniarti Herwinarni Yustina Rahmawati, Ika