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Keberlanjutan Perusahaan: Pengaruh Biaya Lingkungan terhadap Kinerja ESG dan pada Kinerja Keuangan Perusahaan Sektor Energi Doni Stiadi; Meina Wulansari Yusniar; Redawati Redawati; Fahmi Roy Dalimunthe
JWM (JURNAL WAWASAN MANAJEMEN) Vol. 14 No. 2 (2026)
Publisher : Master of Management FEB ULM

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20527/jwm.v14i2.512

Abstract

Sustainability issues have become a major concern as stakeholders increasingly focus on companies responsible for environmental sustainability. ESG performance is increasingly used as an indicator to assess a company's commitment to sustainability practices. This study aims to analyze the influence of Environmental Costs on ESG Performance and Financial Performance, as well as the influence of ESG Performance on Financial Performance in energy sector companies listed on the Indonesia Stock Exchange (IDX). The sample was selected using a purposive sampling method from 89 energy sector companies for the 2021-2024 period, resulting in 27 companies meeting the research criteria, resulting in 108 data observations. A quantitative approach with causality was used in this study. Data analysis used simple and multiple linear regression to examine the influence of Environmental Costs and ESG Performance on Financial Performance. The results showed that Environmental Costs had a positive influence on ESG Performance, but an insignificant effect on Financial Performance. Other results indicated that ESG Performance had a positive influence on Financial Performance. These results indicate that environmental expenditures reflect a company's commitment to meeting stakeholder expectations regarding environmental sustainability, and that companies that effectively manage environmental, social, and governance aspects are able to achieve better economic benefits. A company's success in meeting the needs of various stakeholder groups can increase trust, customer loyalty, investor relations, and regulatory support, which ultimately will enhance the company's sustainable growth.
Pengaruh Kepemilikan Publik, Kepemilikan Manajerial, Ukuran Perusahaan, dan Direksi Gender Diversity terhadap Nilai Perusahaan Annisa Atikah Haura; Fahmi Roy Dalimunthe; Ali Sadikin
Jurnal Riset Inspirasi Manajemen dan Kewirausahaan Vol. 9 No. 2 (2025): Jurnal Riset Inspirasi Manajemen dan Kewirausahaan
Publisher : Sekolah Tinggi Ilmu Manajemen Indonesia (STIMI) Banjarmasin

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35130/bwyfam61

Abstract

This study aims to examine and analyze the influence of public ownership, managerial ownership, firm size, and board gender diversity on firm value in banking sub-sector companies listed on the Indonesia Stock Exchange during the 2021–2023 period. The research method used is quantitative with a causality approach. The population of this study consists of all banking sub-sector companies listed on the Indonesia Stock Exchange (IDX) from 2021 to 2023, totaling 47 companies. The sampling technique used in this study is purposive sampling, with specific criteria resulting in a sample of 23 companies. The data analysis technique employed in this study is multiple linear regression analysis. The results of this study indicate that public ownership has no significant effect on firm value, managerial ownership has no significant effect on firm value, and board gender diversity has no significant effect on firm value. In contrast, firm size has a significant negative influence on firm value.
Pengaruh Merger Dan Akuisisi Terhadap Kinerja Keuangan Pada Perusahaan Yang Terdaftar Di Bursa Efek Indonesia (Studi Pada Perusahaan Sektor Energi) Berliani Agustina; Fahmi Roy Dalimunthe; Ali Sadikin
Jurnal Riset Inspirasi Manajemen dan Kewirausahaan Vol. 9 No. 2 (2025): Jurnal Riset Inspirasi Manajemen dan Kewirausahaan
Publisher : Sekolah Tinggi Ilmu Manajemen Indonesia (STIMI) Banjarmasin

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35130/3hv50w83

Abstract

This study aims to evaluate the differences in companies' financial performance before and after mergers and acquisitions. The assessment of financial performance was carried out using several financial ratios, including current ratio, debt to equity ratio, return on equity, return on assets, and net profit margin. The population of this study includes all energy sector companies listed on the Indonesia Stock Exchange (IDX) that engaged in mergers and acquisitions during the 2021–2023 period. The sample was selected using a purposive sampling method, resulting in 9 companies that met the criteria. Data analysis was conducted using the paired sample t-test with the help of SPSS version 21. The results indicate that there were no significant differences in the CR, DER, ROE, and ROA ratios before and after the mergers and acquisitions. However, the NPM ratio showed a significant difference between one year before and one year after the merger and acquisition activities