E-Jurnal Akuntansi
Vol. 35 No. 3 (2026)

ESG, foreign ownership, and profitability on stock price volatility in mining and plantation companies

Suseno, Aan (Unknown)
Puspitasari, Intan (Unknown)
Ishak (Unknown)

Article Info

Publish Date
31 Mar 2026

Abstract

The effects of Environmental, Social, and Governance (ESG) performance, foreign institutional ownership, and profitability on stock price volatility in mining and plantation companies listed on the Indonesia Stock Exchange during the 2022–2024 period are analyzed in this study. Using panel data regression on 41 firms, stock price volatility is measured based on the standard deviation of daily returns, while ESG performance is proxied by the Katadata Corporate Sustainability Index (KCSI). The results show that variations in profitability and firm size are statistically significant affect stock price volatility, whereas ESG performance and foreign institutional ownership have no significant effect.

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Journal Info
E-Jurnal Akuntansi
Website

Abbrev

akuntansi

Publisher

Universitas Udayana

Subject

Economics, Econometrics & Finance

Description

E-JURNAL AKUNTANSI (EJA) E-Jurnal Akuntansi [e-ISSN 2302-8556] is an electronic scientific journal published online once a month. E-journal aims to improve the quality of science and channel the interest of sharing and dissemination of knowledge for scholars, students, practitioners, and the ...