The Role of ESG (Environmental, Social, Governance) on Dividends and Firm Value: The Moderation Effect of Audit Quality
This research will examine the influence of ESG (Environmental, Social, Governance) and its components on dividends and firm value. Furthermore, the quality and credibility of information in the market will also influence stakeholder assessments. The important role of audit quality in providing assu...
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| Format: | Article |
| Language: | Indonesian |
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Universitas 17 Agustus 1945 (UNTAG) Semarang
2025-01-01
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| Series: | Media Ekonomi dan Manajemen |
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| Online Access: | https://jurnal.untagsmg.ac.id/index.php/fe/article/view/5397 |
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| author | Clarissa Dominique Effendi Handajani Werner R. Murhadi |
| author_facet | Clarissa Dominique Effendi Handajani Werner R. Murhadi |
| author_sort | Clarissa Dominique Effendi Handajani |
| collection | DOAJ |
| description | This research will examine the influence of ESG (Environmental, Social, Governance) and its components on dividends and firm value. Furthermore, the quality and credibility of information in the market will also influence stakeholder assessments. The important role of audit quality in providing assurance on this information is needed. By using multiple linear regression on 252 firm years from companies listed in IDX 2020-2023 that meet the sample criteria, it was found that ESG has not been able to significantly influence dividends and firm value. However, environmental can influence dividends in a positive way, while governance can influence firm value in a negative way. Even though dividends and audit quality can influence firm value in a positive way, audit quality still cannot increase the influence of dividends on firm value. Audit quality also cannot increase the influence of ESG on dividends. In this case, inefficient ESG practices followed by poor audit quality are the main factor of this insignificant influence. It takes time for ESG investments to influence company performance, which has an impact on high dividend payout ratios and firm value. |
| format | Article |
| id | doaj-art-75aab5d9096841a28449569bc2103dd5 |
| institution | Kabale University |
| issn | 0854-1442 2503-4464 |
| language | Indonesian |
| publishDate | 2025-01-01 |
| publisher | Universitas 17 Agustus 1945 (UNTAG) Semarang |
| record_format | Article |
| series | Media Ekonomi dan Manajemen |
| spelling | doaj-art-75aab5d9096841a28449569bc2103dd52025-01-20T07:46:15ZindUniversitas 17 Agustus 1945 (UNTAG) SemarangMedia Ekonomi dan Manajemen0854-14422503-44642025-01-0140114816410.56444/mem.v40i1.53972002The Role of ESG (Environmental, Social, Governance) on Dividends and Firm Value: The Moderation Effect of Audit QualityClarissa Dominique Effendi Handajani0Werner R. Murhadi1Universitas SurabayaUniversitas SurabayaThis research will examine the influence of ESG (Environmental, Social, Governance) and its components on dividends and firm value. Furthermore, the quality and credibility of information in the market will also influence stakeholder assessments. The important role of audit quality in providing assurance on this information is needed. By using multiple linear regression on 252 firm years from companies listed in IDX 2020-2023 that meet the sample criteria, it was found that ESG has not been able to significantly influence dividends and firm value. However, environmental can influence dividends in a positive way, while governance can influence firm value in a negative way. Even though dividends and audit quality can influence firm value in a positive way, audit quality still cannot increase the influence of dividends on firm value. Audit quality also cannot increase the influence of ESG on dividends. In this case, inefficient ESG practices followed by poor audit quality are the main factor of this insignificant influence. It takes time for ESG investments to influence company performance, which has an impact on high dividend payout ratios and firm value.https://jurnal.untagsmg.ac.id/index.php/fe/article/view/5397esgdividendfirm valueaudit qualitysustainability |
| spellingShingle | Clarissa Dominique Effendi Handajani Werner R. Murhadi The Role of ESG (Environmental, Social, Governance) on Dividends and Firm Value: The Moderation Effect of Audit Quality Media Ekonomi dan Manajemen esg dividend firm value audit quality sustainability |
| title | The Role of ESG (Environmental, Social, Governance) on Dividends and Firm Value: The Moderation Effect of Audit Quality |
| title_full | The Role of ESG (Environmental, Social, Governance) on Dividends and Firm Value: The Moderation Effect of Audit Quality |
| title_fullStr | The Role of ESG (Environmental, Social, Governance) on Dividends and Firm Value: The Moderation Effect of Audit Quality |
| title_full_unstemmed | The Role of ESG (Environmental, Social, Governance) on Dividends and Firm Value: The Moderation Effect of Audit Quality |
| title_short | The Role of ESG (Environmental, Social, Governance) on Dividends and Firm Value: The Moderation Effect of Audit Quality |
| title_sort | role of esg environmental social governance on dividends and firm value the moderation effect of audit quality |
| topic | esg dividend firm value audit quality sustainability |
| url | https://jurnal.untagsmg.ac.id/index.php/fe/article/view/5397 |
| work_keys_str_mv | AT clarissadominiqueeffendihandajani theroleofesgenvironmentalsocialgovernanceondividendsandfirmvaluethemoderationeffectofauditquality AT wernerrmurhadi theroleofesgenvironmentalsocialgovernanceondividendsandfirmvaluethemoderationeffectofauditquality AT clarissadominiqueeffendihandajani roleofesgenvironmentalsocialgovernanceondividendsandfirmvaluethemoderationeffectofauditquality AT wernerrmurhadi roleofesgenvironmentalsocialgovernanceondividendsandfirmvaluethemoderationeffectofauditquality |