The Manager Reveiew
Vol. 7 No. 3 (2025)

The Influence of Environmental, Social, and Governance (ESG) Factors on Tobin’s Q in the Banking Sector Companies in Southeast Asia

Safitri, Winda (Unknown)



Article Info

Publish Date
30 Dec 2025

Abstract

This study aims to analyze the effect of Environmental, Social, and Governance (ESG) factors on Tobin's Q value in banking sector companies listed on the Stock Exchange in Southeast Asia. Using panel data from 21 banks over the period 2013 to 2022, this study found that social factors have a positive and significant influence on Tobin's Q, while environmental and governance factors do not show a significant influence. These results show the importance of companies to pay attention to social aspects in their ESG implementation to increase firm value.

Copyrights © 2025






Journal Info

Abbrev

a46

Publisher

Subject

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

Description

The Manager Review Journal published by the Magister Management Study Program, FEB University of Bengkulu, is a journal that contains studies in the scope of management science. Specifically discussing issues related to marketing management, financial management, HR management, innovation ...