Quantitative Economics and Management Studies
Vol. 5 No. 1 (2024)

The Influence of Environmental, Social, Governance, and Corporates Scandals on the Stock Volatility

Muhammad Brilian Wahyudyatmika (Faculty of Economics and Business, Universitas Trisakti, Jakarta, Indonesia)
Christina Dwi Astuti (Faculty of Economics and Business, Universitas Trisakti, Jakarta, Indonesia)



Article Info

Publish Date
08 Feb 2024

Abstract

The volatility of stocks is influenced by various factors, both internal andexternal to the company. This research aims to determine whether there is a relationship between Environmental, Social, Governance (ESG) performance and corporate controversies on stock volatility. The sample used in this study consists of companies listed on the Indonesia Stock Exchange for the period 2018—2022 and have an ESG rating from The London Stock Exchange Group (LSEG). Based on the analysis conducted, it is concluded that environmental performance negatively affects stock volatility, while social performance, governance performance, and corporate controversies do not have an impact on stock volatility.

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Journal Info

Abbrev

qems

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Mathematics

Description

Journal of Quantitative Economics and Management Studies (QEMS) is an international peer-reviewed open-access journal dedicated to interchange for the results of high-quality research in all aspects of economics, management, business, finance, marketing, accounting. The journal publishes ...