Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal E-JURNAL AKUNTANSI
Miranti Kartika Dewi
Fakultas Ekonomi dan Bisnis Universitas Indonesia, Indonesia
Economics, Econometrics & Finance

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
The Moderating Effect of Sharia Stock Index Inclusion on the Relationship Between Sustainability Performance and Profitability Nadya Ariana; Miranti Kartika Dewi
E-Jurnal Akuntansi Vol 34 No 12 (2024)
Publisher : Accounting Department, Economic and Business Faculty of Universitas Udayana in collaboration with the Association of Accounting Department of Indonesia, Bali Region

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24843/EJA.2024.v34.i12.p03

Abstract

This study examines the relationship between sustainability performance and profitability, with a specific focus on the moderating role of inclusion in the Sharia Stock Index. The index's screening criteria are hypothesized to align with sustainability objectives, potentially enhancing firm profitability. The analysis is based on a sample of 75 firms from Indonesia and Malaysia over the period 2018–2022. Using panel data regression, the findings reveal a positive relationship between overall ESG (Environmental, Social, and Governance) scores and profitability. However, no significant relationship is identified between individual ESG pillar scores and profitability. Additionally, the moderating effect of Sharia Stock Index inclusion on the sustainability performance–profitability relationship is not supported by the results. This study contributes to the literature by exploring the interplay between sustainability performance and profitability within the context of Muslim-majority ASEAN countries. It also challenges assumptions regarding the role of Sharia Stock Index inclusion, offering fresh insights for investors and policymakers aiming to balance sustainability objectives with financial performance.
Co-Authors Nadya Ariana