Handajani, Lilik and Husnan, Lalu Hamdani and Pituringsih, Endar (2022) Impacts of Sustainability Performance and Firm Characteristics on Risk and Corporate Value. JUrnal Economia, 18 (2). pp. 221-239. ISSN P-ISSN : 1858-2648 E-ISSN: 2460-1152
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Abstract
This research investigates the effect of sustainability performance and firm characteristics on risk and corporate value by applying a structural equation model. The focus of the analysis is on Indonesian companies that received sustainability ratings continuously from the Asia Sustainability Reporting Award during the 2018-2019 period. The process involved analyzing secondary data presented in annual and sustainability reports to obtain relevant content for corporate sustainability performance. The findings showed that the improvement of the sustainability performance was able to significantly reduce corporate risk but did not have any influence on corporate value. It was also discovered that large companies with political connections face increased risk, thereby, limiting their ability to enhance corporate value significantly. Moreover, the incorporation of sustainability investment strategies was observed to require business risk management to reduce future environmental and social risks associated with long-term corporate value creation
| Item Type: | Article |
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| Keywords (Kata Kunci): | sustainability performance, risk, firm value |
| Subjects: | H Social Sciences > HF Commerce H Social Sciences > HF Commerce > HF5601 Accounting |
| Divisions: | Fakultas Ekonomi |
| Depositing User: | Dr. Lilik Handajani |
| Date Deposited: | 18 Apr 2023 02:44 |
| Last Modified: | 18 Apr 2023 02:44 |
| URI: | http://eprints.unram.ac.id/id/eprint/36739 |
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