Pengaruh ESG Risk Rating dan Kinerja Keuangan terhadap Stock Return: Studi Empiris terhadap Perusahaan yang Terdaftar pada Bursa Efek Indonesia dalam Indeks IDX ESG Leaders

Afifi Putri (Fakultas Ekonomi dan Bisnis, Universitas Negeri Padang, Padang)
Erly Mulyani (Fakultas Ekonomi dan Bisnis, Universitas Negeri Padang, Padang)

Jurnal Eksplorasi Akuntansi (JEA)
Vol 8 No 2 (2026): Jurnal Eksplorasi Akuntansi (JEA)

This study aims to determine the effect of ESG Risk Rating and financial performance on Stock Return. This study uses a sample of companies listed on the IDX ESG Leaders index from 2020-2023. The sampling technique uses is purposive sampling. The analysis technique used is in the form of multiple linear analysis and processed using SPSS ver 26, with ESG Risk Rating and financial performance as the independent variable and Stock Return as a dependent variable the result show that ESG Risk Rating and financial performance that measure by ROA has a positive and significant effect on Stock Return. while financial performance that measure by EPS do not have an effect.