Article Per Year (5 Year)
p-Index From 2021 - 2026
1.757
P-Index
This Author published in this journals
All Journal Jurnal EMT KITA Journal of Economic, Bussines and Accounting (COSTING) JURNAL PENDIDIKAN TAMBUSAI IKRA-ITH EKONOMIKA Aktiva : Jurnal Akuntansi dan Investasi Management Studies and Entrepreneurship Journal (MSEJ) Journal of Economics and Business Letters International Journal Of Economics Social And Technology Journal Liaison Academia and Society Journal of Education Religion Humanities and Multidiciplinary Economic: Journal Economic and Business
Sirait, Dita Eka Pertiwi
Unknown Affiliation
Religion Aerospace Engineering Agriculture, Biological Sciences & Forestry Arts Humanities Astronomy Automotive Engineering Biochemistry, Genetics & Molecular Biology Chemical Engineering, Chemistry & Bioengineering Chemistry Civil Engineering, Building, Construction & Architecture Computer Science & IT Control & Systems Engineering Decision Sciences, Operations Research & Management Dentistry Earth & Planetary Sciences Economics, Econometrics & Finance Education Electrical & Electronics Engineering Energy Engineering Environmental Science Health Professions Immunology & microbiology Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Library & Information Science Materials Science & Nanotechnology Mathematics Mechanical Engineering Medicine & Pharmacology Neuroscience Nursing Physics Public Health Social Sciences Transportation Veterinary Other

Published : 11 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 11 Documents
Search

 1   2 
When Profit Outweighs Sustainability: Empirical Evidence from ESG and Firm Value in Indonesia Energy Industry Sirait, Dita Eka Pertiwi; Mardhiyah, Ainul; Oktavia, Shintami
Jurnal EMT KITA Vol 10 No 2 (2026): APRIL 2026
Publisher : Lembaga Otonom Lembaga Informasi dan Riset Indonesia (KITA INFO dan RISET) - Lembaga KITA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35870/emt.v10i2.5798

Abstract

This study aims to examine the role of sustainability and profitability in influencing firm value within Indonesia’s energy sector listed on the Indonesia Stock Exchange (IDX) during the 2022–2024 period. Sustainability performance is measured using the Environmental, Social, and Governance (ESG) disclosure score, while profitability is represented by the Return on Assets (ROA). Firm value is proxied by Tobin’s Q ratio. The research sample consists of 32 energy companies selected using a purposive sampling method. Data analysis is conducted using panel data regression with the Fixed Effect Model (FEM) and the Generalized Least Squares (GLS) approach with cross-section weighting to address potential heteroskedasticity issues. The results reveal that ESG disclosure has no significant effect on firm value, whereas profitability exerts a positive and significant influence. Simultaneously, ESG and profitability jointly have a significant impact on firm value. These findings indicate that investors in Indonesia’s energy sector remain more focused on profitability as the primary determinant of firm value, while sustainability performance has yet to become a key consideration in investment decisions. This study contributes to the ongoing discussion on the integration of ESG factors into firm valuation, particularly within emerging market contexts such as Indonesia.
Co-Authors Ainul Mardhiyah, Ainul Ananda, Julia Astuty, Fuji Butar-Butar, Ribka Sari David David Fahros, Teguh Fachri Gulo, Hevin Rivaldo Gultom, Rut Margaretta Br Hutabarat, Darwis Kaur, Sherrindeep Lafea, Fetty Manalu, Lija Tanjung Manullang, Priska Enjelina Mason, Jervin Jerkaeff Monalisa, Indah Nababan, Christina Octavia Nasution, Isna Asdiani Pangestu, Salsa Nara Putra, Irwansyah Putri, Tantri Octora Dwi Syah Rahman, Haikal Sari, Ike Rukmana Shintami Oktavia Siahaan, Desi Natalia Br Sihaloho, Rebecca Putri Sihombing, Novsisca Rosy Tima Sihotang, Fitri Dwisari Siregar, Ina Namora Putri Sitanggang, Karolin Gabrela Sitanggang, Rexsy Mardohot Situmorang, Ninda Rohani Syahreza, Dina Sarah Tampubolon, Lasma Ria