Environmental, Social, and Governance (Esg) Performance for Business Survival in the Era of Double Disruption

Sunli, Nena and Shanti, Shanti (2021) Environmental, Social, and Governance (Esg) Performance for Business Survival in the Era of Double Disruption. In: The 6th International Conference On Business And Banking (ICBB) Surabaya – East Java, Indonesia, 28th July 2021, University of Hayam Wuruk Perbanas Surabaya.

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Abstract

In the current era of double disruption, companies certainly want to have a good performance in order to maintain its business survival. In order to strive for business survival, companies need to pay attention to several aspects, one of which is the performance of ESG (Environmental, Social, and Governance) which is included in one of the pillars of the Sustainable Development Goals (SDGs). This ESG performance means that the company pays attention to the environmental, social, and governance pillars, so that the company's reputation can improve and be good in the eyes of stakeholders and the community. This reputation can guarantee a sustainable company. This study aims to examine the effect of ESG performance on company performance. The sample of this research is all companies listed on the Indonesia Stock Exchange and Thomson Reuters in 2014-2019 based on the purposive sampling method. This study conducted multiple linear regression testing to see whether ESG performance had an effect on company performance. The results of this study indicate that ESG performance has no effect on company performance. This creates a new mindset that the era of double disruption requires companies to do more than sustaining innovation. Companies are required to carry out what is called disruptive innovation which requires company executives who are able to carry out self - disruption. The limitation of this study is the lack of data on ESG scores from Indonesian companies at Thomson Reuters. Suggestions for further research are to use other ESG performance measurements and add samples from other countries.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: ESG performance, company performance, business survival, era of double disruption
Subjects: Business > Accounting
Divisions: Proceeding
Depositing User: F.X. Hadi
Date Deposited: 16 Jan 2024 07:45
Last Modified: 16 Jan 2024 08:36
URI: http://repository.ukwms.ac.id/id/eprint/38054

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