JURNAL MANAJEMEN MOTIVASI
Vol 22 No 1 (2026): Jurnal Manajemen Motivasi

The Relationship Between Esg And The Profitability Of Companies Listed On The IDX

Nugraha, Ihza Abdhilla (Unknown)
Paramu, Hadi (Unknown)
Utami, Elok Sri (Unknown)

Article Info

Publish Date
11 Nov 2025

Abstract

This study investigates the relationship between Environmental, Social, and Governance (ESG) practices and profitability among companies listed on the Indonesia Stock Exchange (IDX) from 2021 to 2023. Using Return on Assets (ROA), Return on Equity (ROE), and Earnings per Share (EPS) as profitability indicators, data from 56 purposively selected companies were analyzed with Pearson correlation. Results indicate that the social aspect and overall ESG score are significantly related to all profitability indicators, while environmental and governance dimensions significantly relate only to EPS. These findings suggest ESG, particularly social and integrated implementation, contributes to profitability and sustainable corporate performance.

Copyrights © 2026




Citation Download
RIS
EndNote, Reference Manager, ProCite
BibTex
Latex, Jabref
Original Source
Download Original
Google Scholar
Check in Google Scholar
Journal Info
JURNAL MANAJEMEN MOTIVASI
Website

Abbrev

jm_motivasi

Publisher

Universitas Muhammadiyah Pontianak

Subject

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

Description

Jurnal Manajemen Motivasi (JMM) adalah Jurnal Ilmiah Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Pontianak yang diterbitkan secara berkala 2 (dua) kali dalam satu tahun (Juni dan Oktober) sebagai sarana untuk menyebarluaskan hasil penelitian dan ilmu pengetahuan di bidang ilmu manajemen ...