The Impact of Public Attention on Environmental Issues to The Performance of Conventional dnd Esg Stock Indices in Indonesia

Jessica Tiur Margaretha Sibuea (Universitas Indonesia)

Syntax Literate: Jurnal Ilmiah Indonesia
Jurnal Ilmiah Indonesia

Environmental, social, and governance (ESG) factors are becoming increasingly important for investors in evaluating the financial performance of companies, especially in Indonesia where there is a growing awareness of sustainability and social responsibility. In this study, the researcher investigates the impact of public attention on environmental controversies to the return performance of Conventional and ESG stock indices in Indonesia represented by LQ45 and SRI Kehati. The data period is ranging from January 2013 – March 2023 using a panel model approach. The findings of the study suggest that Environmental Issues news articles have a statistically significant effect on the return of SRI Kehati and LQ45 Index. However, the study did not find a significant impact of the Google Search Volume Index (GSVI) on the return.